Ocul Pay

Oculor Labs
Oculor
Published in
2 min readJul 30, 2019

An important part of the Oculor ecosystem is the development of a payment system gateway named Ocul Pay for the convenient payment processing of services in different currencies (including cross-border payments and micropayments). A payment gateway that enables low commission-based transactions for service providers and buyers while also enabling business and capitalization of financial history for payers, which will help increase the attractiveness of the Oculor ecosystem among the market participants.

Ocul Pay consists of two different parts and will be developed in two phases.

Development phase 1

This dedicated payment gateway would serve as the native payment processor for all Oculor Platforms while the Ocul coin would serve as the native coin within the Oculor ecosystem. Since we will also offer partner payment options (other currencies) on our platforms, these will also be integrated into our payment gateway. This gateway will be available for online partners. With this, they can not only accept Oculor as a crypto payment but also all coins that are integrated in the payment gateway.

Development phase 2

Ocul Pay will also be used as a gateway in, for example, partner websites. This allows them to accept crypto payments from all coins that are integrated in Ocul Pay. This section consists of:

a. merchant account management.

b. cryptocurrency management.

c. administrator account managenent

d. overview of all gateway payments

In all the above sections we are talking about the admin panel where we manage the integrated cryptocurrencies, merchants and all other important things in the system, to ensure that Ocul Pay runs smoothly.

e. client / crypto-currency provider account management. This section is the client portal and is meant for coin owners to manage their coins.

More detailed information about Oculor Pay will be disclosed in our (to be released) white paper.

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