Problem Statement

The cryptocurrency payment landscape faces several key issues, particularly for merchants:

Custodial Risk: All crypto gateways act as custodians, holding funds in centralized wallets before distributing them to users. This introduces risks such as theft, hacking, and system failures that could prevent merchants from accessing their funds promptly.
Payment Delays: Traditional payment gateways often delay fund transfers to merchants due to processing times, verifications, or reliance on custodial platforms. This can create cash flow problems for businesses relying on timely payments.
Limited Payment Flexibility: Many customers prefer installment payments, but this option is rarely supported in the crypto ecosystem, making it harder for merchants to cater to diverse payment preferences.

Last updated 2 months ago

The cryptocurrency payment landscape faces several key issues, particularly for merchants:

Custodial Risk: All crypto gateways act as custodians, holding funds in centralized wallets before distributing them to users. This introduces risks such as theft, hacking, and system failures that could prevent merchants from accessing their funds promptly.
Payment Delays: Traditional payment gateways often delay fund transfers to merchants due to processing times, verifications, or reliance on custodial platforms. This can create cash flow problems for businesses relying on timely payments.
Limited Payment Flexibility: Many customers prefer installment payments, but this option is rarely supported in the crypto ecosystem, making it harder for merchants to cater to diverse payment preferences.

Last updated 2 months ago