Atomicpay, a payment start-up registered in Thailand, has officially launched its non-confidential cryptographic payment terminal for merchants worldwide. Founder and developer Benz Rif said that the platform, which supports BTC, BCH, LTC and other cryptos, eliminates the involvement of a third-party processor, allowing merchants to accept payments directly from their clients.
A P2P payment solution with payment processing benefits
"Cryptocurrency itself is decentralized, but blockchain payment processors continue to be centralized," Rif told News.Bitcoin.com on Jan. 12. "The same problems persisted: high processing fees, hidden fees, slow settlements, hacks, gambling problems, confidentiality and censorship."
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Atomicpay's technology-based allows store owners to obtain immediate custody of funds when a user makes a payment. The platform does not work as a financial repository like Paypal or Bitpay, said Rif. From the beginning to the end of a payment, no funds will pass through Atomicpay, any more than the subcontractor owns funds owned by retailers.
"It's a fully peer-to-peer payment solution, with the convenience and benefits of a payment processor," Rif explained. News.Bitcoin.com has tested the platform, whose account creation process has turned out quite simple. Provide a full name and email address. Once you have authenticated your email address, you are ready to go. An assistant on the site helps you to configure the wallet addresses of your choice in which the payment will be made.
<img class = "aligncenter wp-image-274390 full-size” title=”Thai start-up Atomicpay launches non-custodial crypto payment platform” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/screenshot_2019-01-12-22-11-13-1.png” alt=”A Thai startup Atomicpay launches a no-deposit encrypted payment platform "width =" 1280 "height =" 771 "srcset =" https://news.bitcoin.com/wp-content/uploads/2019/01/screenshot_2019-01- 12- 22-11-13-1.png 1280w, https://news.bitcoin.com/wp-content/uploads/2019/01/screenshot_2019-01-12-22-11-13-1-300×181.png 300w, https://news.bitcoin.com/wp-content/uploads/2019/01/screenshot_2019-01-12-22-11-13-1-768×463.png 768w, https://news.bitcoin.com / wp -content / uploads / 2019/01 / screenshot_2019-01-12-22-11-13-1-1024×617.png 1024w, https://news.bitcoin.com/wp-content/uploads/2019/01/ screenshot_2019- 01-12-22-11-13-1-696×419.png 696w, https://news.bitcoin.com/wp-content/uploads/2019/01/screenshot_2019-01-12-22-11-13 -1 -1068×643.png 1068w, https://news.bitcoin.com/wp-content/uploads/2019/01/screenshot_2019-01-12-22-11-13-1-697×420.png 697w "values = "(max. -width: 1280px) 100vw, 1280px”/>
Atomicpay is not a wallet service – neither an exchange service nor a cryptocurrency exchange service. Rather, it is a payment platform designed for merchants, but unlike storage solutions, it does not store or store money. When everything is set up, the site asks you to generate an invoice indicating your preferred fiduciary currency for payment processing (156 trust currencies are supported). After that, the user is prompted to scan a QR code or enter an existing bitcoin wallet address where payment is made directly from the wallet to the merchant. The proposed payment buttons include Quickpay and Pay URL.
More than 1,700 merchants on board
<img class = "alignright wp-image-274396″ title=”Thai start-up Atomicpay launches non-custodial crypto payment platform” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/2019-01-13-01-08-47-300×300.jpg” alt=”A young Thai company Atomicpay launches a no-deposit encrypted payment platform "width =" 281 "height =" 281 "srcset =" https://news.bitcoin.com/wp-content/uploads/2019/01/2019-01 -13- 01-08-47-300×300.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2019/01/2019-01-13-01-08-47-150×150.jpg 150w , https: //news.bitcoin.com/wp-content/uploads/2019/01/2019-01-13-01-08-47-768×768.jpg 768w, https://news.bitcoin.com/wp- content / uploads /2019/01/2019-01-13-01-08-47-1024×1024.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2019/01/2019-01-13 -01- 08-47-696×696.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2019/01/2019-01-13-01-08-47-1392×1392.jpg 1392w, https : // news.bitcoin.com/wp-content/uploads/2019/01/2019-01-13-01-08-47-1068×1068.jpg 1068w, https://news.bitcoin.com/wp-content/ uploads / 2019 /01/2019-01-13-01-08-47-420×420.jpg 420w "sizes =" (maximum width: 281 pixels) 100vw, 281 pixels”/>Benz Rif said that more than 1,700 merchants from different parts of the world, including Thailand, Venezuela, Turkey and Colombia, had been on the platform. Processing fees are charged at a fixed rate of 0.9% per transaction, but they can drop up to 0.8% with full compliance with your client. Discounts are offered for heavy users.
"Atomicpay does not have access to the merchant's private key and the money goes directly to his wallet," noted Rif. "Our service allows merchants to receive payments directly from their customers without going through a third party. As a result, fees are not deducted from transactions. Our plans are based on a post-paid billing model. Merchants only pay for their consumption at the end of the month. "
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