Solution Architecture

Cybercoins Pay uses an architecture that facilitates the near-instant conversion of cryptocurrencies to execute purchases on websites using any digital asset in near real-time.

This process is made possible through a sophisticated solution that bridges DeFi to the existing traditional payment processor infrastructure you would encounter on the Internet.

Key Components:

• Permissionless: A permissionless solution that does not require any intervention from the merchant or website.

• Seamless Integration with Existing Payment Systems: Integrates with current payment processing infrastructure, making the solution accessible to virtually every website, Point-of-Sale system, and e-commerce platforms. By building our protocol on top of established payment processors such as Stripe, Square, PayPal, Shopify, and Solana Pay, we enable cryptocurrency transactions without requiring merchants to modify their existing payment systems. This approach ensures that Cybercoins can facilitate crypto payments virtually anywhere traditional transactions occur.

• Decentralized P2P Payments: Decentralized, peer-to-peer transactions between merchants and consumers supporting multiple chains.

• Crypto-to-Fiat Gateway: Enables the conversion of cryptocurrencies across multiple chains to FIAT in real time to transact.

• Secure Transaction Layer: Incorporates state-of-the-art security protocols to safeguard transactions, ensuring confidence and reliability in the system.

• Privacy: Only grants the merchant access to the unique transaction generated between Cybercoins Pay protocol and the merchant’s payment processor. Your financial information, holdings, wallet, and personal information are not shared.

How it Works

Simplified Payment Process: The payment process with Cybercoins Pay is designed for simplicity and efficiency:

1. Users select their preferred cryptocurrency during checkout, just as any other payment option on the merchant checkout page, and confirm.

2. The cryptocurrency is securely transferred to a smart contract that routes the coins to sell off for stablecoins via the best low-fee route, where it is bridged or off-ramped to facilitate the transaction.

3. The transaction with the merchant is executed in near real-time via their payment processor, using the value from the crypto that was converted to stablecoins.

Protocol Fees

Fee: A 3% transaction fee for processing a purchase is incurred, attributed to the platform fee and revenue-sharing system.

Incentives

A feature of our platform is a revenue-sharing model. This model rewards users, merchants, and partners with a percentage of the fee generated by the protocol.

This incentive structure is designed to encourage adoption from users and merchants. Which will inherently help bring mass adoption for crypto and foster a supportive ecosystem around our DeFi solutions.

• Revenue Share: Users and merchants can receive a share of the transaction fees, creating an additional revenue stream that grows in tandem with their sales and revenue.

• Flexible Settlement Options: Participants can choose to receive settlements in FIAT, stablecoins, or cryptocurrencies, offering unparalleled flexibility to align with their financial strategies and preferences.

Advantages

• Accessibility: Users can make purchases using their preferred cryptocurrency from any of their wallets, enhancing the utility and liquidity of their digital assets.

• Seamlessness: The solution integrates with existing payment processing networks, offering users a familiar transaction experience and an easy adoption curve.

• Security: Advanced encryption and fraud prevention mechanisms ensure the integrity and safety of each transaction.

• Incentivization: A revenue share model that provides a compelling value proposition for users, and partnered merchants, incentivizing widespread adoption and usage.

Adoption

We are actively engaging with the broader e-commerce ecosystem and forming partnerships with leading retailers, merchants, and payment networks. Through these concerted efforts in implementation and adoption, we are setting the stage for a transformative shift in how online transactions are conducted. Our solution will bridge the gap between traditional payments and the burgeoning world of digital currencies.

Conclusion

Cybercoins Pay represents a significant leap forward in integrating the dynamic world of cryptocurrencies and the established realm of existing e-commerce and payment processing infrastructure. By offering a secure, efficient, and incentivized platform for transactions, we are not only expanding the utility of digital assets but also paving the way for a more inclusive and versatile digital economy.