The world’s most viable
Pay Protocol is a simple and convenient cryptocurrency payment platform for both e-commerce and retail use. It is a cryptocurrency project supported by Danal, a payment company based in South Korea. By combining Danal's 20 years of experience in payments with blockchain technology, Pay Protocol aims to mitigate the pain points of traditional payment systems, mainly excessive intermediary processes and high fees caused by them and slow payment schedules.
Online and Offline Multi-Currency Payments
Token Rewards for Transaction Participation
Familiar Payment Experience Integrated with Cryptocurrency
Cryptocurrency-Enabled Cheaper Payments Options
Convenient Payment Integration
Low Fees and Real-Time Settlement
Promotion through Merchant Tools (Discount, Installment, Coupon, etc)
Multi-Cryptocurrency Settlement for Merchants (Fiat or Crypto)
New Tokens Generated and Distributed
Real-Time Exchange of Cryptocurrencies
Ecosystem Populated by Third Party Service Providers
Partnerships with Danal's Pre-Existing Network
PayProtocol aims towards bridging the gap between users and merchants through blockchain technology. Which is why we provide an easy integration tool fit for both retail and e-commerce settings.
Pay Protocol provides API and SDK for e-commerce integration, development API for retail Point of Sale (POS) device, and smartphone POS apps for merchants that cannot install POS systems. This allows us to connect all payment channels via a single solution.
Pay Protocol allows users and merchants to choose the currency when trading. Pay Protocol supports a broad range of cryptocurrencies, including BTC, ETH, and stable coins, and fiat money as well. Users and merchants are then free to use whichever currency they want when they make and receive payments.
Additionally, Pay Protocol has an integrated native token PAY. Validators are chosen based on the Pay Token Holder's votes. Pay Tokens contribute to the Promotion Pool that incentivizes trading. A portion of the Pay Tokens are credited to the Customer Payback Pool. Staked Pay Tokens also enable faster settlements.
Pay Protocol has obtained over 20 years of payments knowledge and merchant relationships from Danal, and has the ability to provide an effective management system based on the transaction data.
Pay Protocol provides an integrated merchant management system that allows merchants to manage their transactions, apply promotions, and specify other payment-related policies. Using this system, merchants can manage their information and data for each channel under a single window, select promotions including discounts and coupons, and manage other transaction policies.
The core foundation of Pay Protocol's token economy is based on four principles. Pay Protocol's platform maintains a transparent
structure that leaves decision-making rights to merchants. Customers are compensated relative to the tokens they have staked to support
the ecosystem. Validators, which are similar to Bitcoin or Ethereum miners, are rewarded with tokens as an incentive for providing the
computational infrastructure. Since convenient user experience is our top priority, third party wallets will also be integrated.
Pay Protocol uses its native cryptocurrency called Pay. Pay tokens have various utilities that increase the innate value of Pay Protocol's economy. Customers can use our tokens to purchase products and services from merchants. Using Pay tokens makes a customer eligible for payback rewards, thus incentivizing token use. Lastly, merchants can stake Pay tokens to obtain lower fees and manage their settlement cycles.
- $5 Billion
- Market Share in
- Online & Offline
Partners & Merchants
Danal, Inc. is a provider of mobile business solutions, enabling mobile payments, mobile commerce, marketing, and mobile wallet services. Danal's platform offers financial institutions and major retailers groundbreaking mobile transaction risk management services, and streamlined, customer conversion solutions that lower customer abandon rates during registration and checkout.
Danal’s Key Clients
PayProtocol White Paper
The Pay Protocol has officially published the White Paper. The White Paper firstly covers inherit issues that have been plaguing centralized payment proceses, then goes into detail in how the Pay Protocol solves the fundamental problems through blockchain technology. Notably, the White Paper covers the inner mechanics on how Pay Tokens (PAY) will be utilized for staked incentive mechanisms for customers, reward validator for computation infrastructure, and pay Token wallet integraiton.
- View the White Paper in
Founding Partner at BlockWater Capital
- Francisco is General Partner of BlockWater Capital, a leading crypto invertment firm with focus of bringing blockchain to the real world. BlockWater Capital invests with a thesis of providing opportunities for qualified persons to make a disruption in the world utilizing blockchain technology.
- Eddy was the developer behind South Korea's very first carrier billing. He has successfully maintained a payment system that was free from critical errors for 20 years. His achievements include finding new, better ways to process transactions and simplify APIs to improve the overall quality of the payments we use today.
"PAYPROTOCOL TEAM GROUP PHOTOS"