Home / Cryptocurrency / Thai Startup Atomicpay launches the non-custodial cryptocurrency payment platform

Thai Startup Atomicpay launches the non-custodial cryptocurrency payment platform

Thai Startup Atomicpay launches the non-custodial encrypted payment platform

Fintech

Atomicpay, a payments startup registered in Thailand, has officially launched its unattended cryptocurrency payment terminal for merchants around the world. Founder and developer Benz Rif said the platform, which supports BTC, BCH, LTC and other encrypted, eliminates the involvement of a third-party processor, allowing merchants to accept payments directly from their customers.

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A P2P payment solution with payment processor benefits

"The cryptocurrency itself is decentralized, but blockchain payment processors continue to be centralized," Rif told news.Bitcoin.com on January 12th. "This has caused the same old problems with high processing costs, hidden costs, slow settlements, hacks, gambling problems, privacy and censorship."

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The technology behind Atomicpay allows store owners to get immediate funds custody every time a user makes the payment. The platform does not work as a financial custodian such as Paypal or Bitpay, said Rif. From the start of the payment, no funds will go through Atomicpay and not even the processor holds funds belonging to retailers.

"It's a totally peer-to-peer payment solution, with the convenience and benefits of a payment processor," explained Rif. News.Bitcoin.com tried out the platform, whose account creation process was It is revealed quite simple. Please provide a full name and an e-mail address, and once you have authenticated your e-mail address, you are OK. A site wizard helps you configure the wall addresses of your choice to make the payment.

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Atomicpay is not a portfolio service – nor is it an exchange or cryptocurrency service. Rather, it is a payment platform created for traders, but unlike custody solutions it does not store or retain their money. When everything is set up, the site asks you to generate an invoice, indicating the preferred fiat currency for payment processing (156 fiat currencies are supported). Subsequently, the user is asked to scan a QR code or enter an existing bitcoin wallet address where payment is made directly from the wallet to the merchant. Featured payment buttons include Quickpay and Pay URL.

More than 1,700 traders on board

<img class = "alignright wp-image-274396″ title=”Thai Startup Atomicpay launches the non-custodial encrypted payment platform” src=”https://news.bitcoin.com/wp-content/uploads/2019/01/2019-01-13-01-08-47-300×300.jpg” alt=”Thai Startup Atomicpay launches non-custodial encryption 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: 281px) 100vw, 281px”/>Benz Rif said that more than 1,700 dealers from different parts of the world, including Thailand, Venezuela, Turkey and Colombia, were queued to the platform. The processing fee is charged at 0.9 percent per transaction, but can go down to 0.8 percent with full compliance with the customer. Discounts are offered for heavy users.

"Atomicpay does not have access to the merchant's private key and the money goes directly to their cold wallet," noted Rif. "Our service allows merchants to receive payments directly from their customer by bypassing a third party, so commissions are not deducted from transactions.Our plans are based on a post-payment top-up model.The merchants pay only for their use at the end of the month. "

What do you think of Atomicpay's cryptographic payment platform? Let us know in the comments section below.


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