What are Instant Payments?
Existing forms of payment such as cash, card and contactless only work when a transaction takes place in an instant. This ensures payment is received by the seller before the buyer leaves with the goods.
Whilst cryptocurrency is undoubtedly the next generation of digital payments, the speed in which a transaction takes place is generally slow. Even Bitcoin, the most renowned cryptocurrency, can take up to an hour to receive. However, we do have a solution. We have created a patent pending Instant Payment system.
Using our Instant Payment API, we’ve made it incredibly easy for developers to integrate existing ePOS and eCommerce systems into Electroneum. This is enabling MVNOs and MNOs, Corporates and Retailers to begin accepting ETN as payment for their products and services.