Solutions
Ethereum Blockchain Solution for Payments and Digital Currencies
Embrace the power of our Ethereum solution and streamline your global transactions with automated, digitized, and secured payments. Experience our new payment and digital currency solutions to magnify your ways for instant clearance and settlement, retail transactions, global transfers, and cross-border remittances.
The Problem
The multi-layered, centralized infrastructure and intermediaries prevailing in the financial institutions delay the payments and impose labor costs, intermediaries commission, and database maintenance charges. The accountants and compliance officials working for financial service providers exhibit unethical behavior, dishonesty, irregular compliance, and long auditing periods. Lack of transparency is a major threat to data breaches.
The Solutions
Ethereum blockchain solution streamlines P2P transactions by eliminating intermediaries, time, and money on legal fees and processing. Smart contracts settle the payments quickly. The record of all transactions in the network reduces the fund management and credit risks. The data immutability improves wholesale, retail, and cross-border payments with high reliability.
Benefits of our Ethereum Solution for Payments and Digital Currencies
Instant settlement
The payments are settled instantly with minimum overnight batch processing and collateralization risks through automated and decentralized solutions.
No counterparty risk
Ethereum built solution mitigates credit risk in cross-border payment transactions by allowing payment-versus-payment settlement for transfers in different currencies.
Increased availability
The feasibility of distributing digital currency on mobile devices increases access to users who are far from bank branches and cannot access cash.
Transaction efficiency
Fast and immediate transactions of cryptocurrencies avoid lengthy back-office reconciliation processes.
Transparency and Traceability
The transactions can be easily tracked, which reduces the possibility of double-spending.
Ethereum Insights
How to create ERC-20 token on Ethereum network?
ERC20 tokens, executed as smart contracts on the Ethereum Virtual Machine , define rules of interaction and purchase with other tokens.
ERC20 vs ERC721 vs ERC1155
ERC20, ERC721, and ERC1155 are the prevalent token standards as approved by the Ethereum community.
How to develop NFT Marketplace on Ethereum?
With the help of NFT marketplace developed on Ethereum blockchain, you can leverage open transaction history for ownership verification.
