PAYPROTOCOL

PayProtocol is a 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. 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. 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 the top priority, third party wallets will also be integrated.