Solution
Last updated
Last updated
At the core of Paymento's innovation is its non-custodial payment gateway, which empowers users and merchants to transact directly, without relinquishing control of their funds to a third party. By facilitating transactions that bypass traditional intermediaries, Paymento ensures that the fundamental promise of blockchain — financial sovereignty — is maintained. Merchants receive payments directly into their wallets, with Paymento streamlining the process by generating payment addresses from the merchant’s public key and monitoring the blockchain for transactions, thus combining security with convenience.
Recognizing the growing importance of decentralized finance (DeFi), Paymento integrates with leading DeFi protocols to offer innovative financial services, such as crypto-backed loans and installment payment options. This integration allows users to leverage their crypto assets in new ways, enhancing liquidity and utility without selling their holdings, thereby fostering a more dynamic and flexible financial ecosystem.
Understanding the critical challenge posed by the volatility of cryptocurrencies, Paymento supports stablecoins and enables automatic conversion of payments into the merchant's preferred asset(s) by aggregating multiple exchange platforms. This feature enhances the buying experience for users by enabling them to make payments with their preferred assets.
To extend the utility of cryptocurrencies beyond online transactions, Paymento is developing a suite of secure, easy-to-use point-of-sale (POS) solutions. These devices and applications will facilitate seamless crypto payments in physical storefronts, expanding the adoption of cryptocurrencies into everyday commerce and enabling true financial inclusivity
Paymento respects the value of anonymity and privacy that is inherent to cryptocurrencies. By operating as a non-custodial payment gateway, it minimizes the amount of personal and financial information that users need to disclose.By minimizing data collection and adhering to the highest standards of security, Paymento preserves the privacy that is highly valued within the crypto community, making it an attractive platform for users and merchants alike.
Paymento’s proposed solution is a multi-faceted approach designed to tackle the critical barriers to cryptocurrency adoption for payments. By offering a non-custodial, scalable, and secure platform that mitigates volatility risks, extends POS solutions, and integrates with DeFi, Paymento is poised to bridge the gap between the potential of cryptocurrencies and their practical application in daily transactions. With Paymento, the vision of a decentralized, inclusive, and efficient global financial system is not just a possibility—it’s within reach.
