TopicStarter: TitanProject1 –
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Here is a quick overview of what you can expect from this one-of-a-kind, global, peer-to-peer payment transfer service.
The Titan Payment Gateway will play a significant role in bringing all small and big business players together on a common platform, allowing easy and secure payments with each other.
Moreover, it will enable small merchants and businesses to accept low-cost (smaller transaction fee) payments from their customers irrespective of where they are or what type of services they are using.
The best benefit of the Titan Payment Gateway, of course, will be to the multinational companies and merchants trading across borders. They will be able to use the payment gateway to pay directly to the beneficiary in a secure manner and at a very nominal transaction cost.
The best way to describe the Titan Payment Gateway in one line is A better, cheaper and more secure way to make payments as compared to traditional payment systems.
Cheaper: Crypto transactions involve the transfer of digital currency/money in a peer-to-peer fashion without any intermediary, which is why transactions are cheaper since there is no mediator cost, but only a small transaction cost (gas price).
Faster: As crypto transactions involve no mediators, the transactions are verified automatically by the Smart Contracts and processed almost instantly.
Secure: Of course, the primary reason why cryptocurrencies were introduced in the first place was limited security in traditional payments. Crypto transactions are backed by blockchain�s transparent, decentralized and immutable system, which makes it the most secure way of making payments.
Now, we understand it might be difficult for people to trust decentralized payment systems, given that they are not usually backed by trusted authorities and have miserably failed in the past.
Keeping that in mind, we at Titan Projects, are developing our payment system in association with some of the leading banking and finance authorities around the globe. For privacy reasons, we cannot reveal the names just sale, but now that the list includes some of the prominent banks.
In fact, one of the things that make the Titan Payment Gateway different or better from the existing traditional as well as digital payment systems is the presence of trusted authorities.
The Titan payment wallet of the users and merchants will be directly linked with their physical bank accounts to ensure seamless payments using the fiat as well as for cryptocurrencies.
All the transaction records will be automatically stored in a transparent, public and highly secure blockchain to ensure there are no discrepancies.
We are in the final stages of development (testing), and the first version of the platform will probably go live next month. The team has tried its best to keep the system as convenient, secure and affordable as possible for the users.
You can find out more about the Titan Payment Gateway, features and development status at the official website https://titanprojects.co/ as well as on the social channels of Titan Projects.