NEW YORK - 01/14/2019 (PRDistribution.com)
Today, AtomicPay.io officially launched its non-custodial cryptocurrency payment solution for merchants globally. AtomicPay eliminates the involvement of a third-party processor, allowing merchants to accept payments directly from their customers within seconds, in a secured and trustless environment.
“Cryptocurrency itself is decentralized, but blockchain payment processors continued to be centralized,” said AtomicPay Founder Benz Rif. “This resulted in the same old problems with high processing fees, hidden charges, slow settlements, hacks, foul plays, privacy and censorship issues.”
The technology behind AtomicPay is designed to disrupt existing cryptocurrency payment gateways by allowing merchants to have immediate ownership of funds, whenever a customer pays them. Hacks and censorship issues are becoming common in custodial and centralized blockchain solutions. Most recently, BitPay was hacked on Nov 2018 and Coinbase banned GAB founder account in Jan 2019.
Unlike custodial processors, AtomicPay does not store or withhold any funds of merchants. It is an entirely P2P payment solution, with the convenience and benefits of a payment processor. “If you don't own the private key, you don't own your cryptocurrency,” said Benz. “AtomicPay does not have access to merchant’s private key and money goes directly to their cold wallet.”
This year, its founder predicts cryptocurrency would be perceived less as a medium of stored value and speculation. Instead, cryptocurrency would be adopted more as a form of payment in daily life transactions.
AtomicPay currently supports 156 fiat currencies and major cryptocurrencies including Bitcoin, Litecoin, Dash, Bitcoin Cash, and more. The startup has plans to integrate Stellar and Ethereum support by Q2 2019. Its features include QuickPay, Point-of-Sale, PayURL, Payment Buttons, Access Control as well as open source plugins for popular eCommerce platforms.
The startup also provides a well-documented RESTful API Interface that allows developers and businesses to integrate cryptocurrency payments into their back-end systems, websites, games, mobile applications, point-of-sale systems, and endless imaginations.