Decentralized Payment Gateway
Ever since Bitcoin, the vision of most of the blockchains has been to enable peer-to-peer payments without going through a financial institution. The idea of PayDApp is to disrupt the payment gateway industry by shifting its operations on Ethereum Blockchain and providing a transparent decentralized mechanism to pay merchants via MakerDAO’s DAI.
Are you trying to sell online? Are you looking to collect payments online? Do you want to create an online store?
If your answer is yes, PayDApp is for you. It is planned to deliver a product for all businesses who want to accept payments on blockchain and individuals who need a smart and efficient way to collect payments from their customers.
PayDApp is positioned as the “simplest payment solution” where it has removed barriers of entry like technical know-how, middlemen interruption, upfront costs, providing access to distribution channels on web & mobile through various up-selling & cross-selling e-commerce tools & features; thus boosting time to market for small businesses to sell & collect payments, manage & grow rapidly with very low cost compared to all the traditional payment gateway.
How is it secured?
PayDApp operations are administered on smart contracts, which simply means they are trackable and irreversible. Smart contracts have a predetermined logic which the PayDApp team has formulated with accuracy and precision. All your funds are safe, they only move from one address to another according to the logic of the smart contract on Ethereum Blockchain. We do not hold any of your assets.
How does it work?
Merchants will register an account with PayDApp where they will create links for accepting payment globally on the internet. They will receive DAI directly on ethereum blockchain based smart contracts. Their funds are 100% secured which they can withdraw anytime.
Customers will pay their cryptos via web3 mechanism under the hood and PayDApp will provide them a one-pager dApp interface to securely make the payment.
— improved efficiency and automation
Bringing about the adoption of blockchain technology, exchanging value is going to become much more important. PayDApp frees you from the hassle of documents, payslips etc.
— greater liquidity to the market
PayDApp would provide companies with nearly instant and diverse ways to use their cryptocurrency assets, allowing improved liquidity and decreased liability.
— lightning fast payments
On PayDApp, it's just you and your customers, no middlemen to regulate the flow of money. The regulation is fully automated through the Blockchain’s algorithm and has proven to be surprisingly fast (2–3 mins/txn).
— secure payments
Blockchain technology has the capability to solve security concerns even as transactions are being made since its absolute algorithm is based on an open-to-all platform that ensures full transparency between buyer and seller.
— improved financial management
Considering the speed and ease of use it offers, managing large inflows of money will become trouble-free for all industries that embrace the technology.
Won’t it be cool to buy your pizza or pay your rent using DAI?