Why Is AMEPAY Using Blockchain?

AME Chain
AME Chain
Published in
Oct 24, 2020

Powering AMEPAY is a transparent and decentralized blockchain infrastructure that also doubles up as a reliable database to store and share transaction records.

AMEPAY uses the Ethereum blockchain as well as the ERC-20 token protocol for the following core functions:

  • Transaction Database: all payment records will be stored in a secure, encrypted, and immutable format;
  • Funds Transfer: users can settle transactions using the AME token;
  • Cross-border Transactions: users can transfer funds without incurring high costs;
  • Loyalty Program: users obtain AME tokens as rewards with usage.
    All of the above functions will be managed by smart contracts, which are programmable, self-executing protocols. This move will help automate operations on the platform and enhance overall productivity.

So, the blockchain technology will help meet a variety of data requirements and store them in a decentralized, transparent format.

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AME Chain
AME Chain

A fast and secure decentralized digital asset ledger that is EVM compatible with high performance and scalability.