SatoshiPay live-demo with IOTA flash-channels – The T▲ngler

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SatoshiPay live-demo with IOTA flash-channels online #M2M #SaaS #IoT

  • Usually, these conditions involve paying high transaction fees, time for the registration, an agreement to a monthly payment, loading up a customer account or reaching a minimum order level before buyers are able to purchase things online, while security standards are not always on the highest level.
  • The SatoshiPay + IOTA proof-of-concept demo shows how the powerful IOTA system can be used as the settlement system in SatoshiPay’s backend to execute payments over the web.
  • The IOTA network (the “Tangle”), offers zero-fee transactions and does not limit the number of transactions per second, making it unique among cryptocurrencies and an ideal ledger technology for SatoshiPay’s future needs.
  • As of today, we have a working demo that supports initial funding of the SatoshiPay web wallet with IOTAs, nano payments for individual content items and pay-outs to content publishers.
  • The demo is here (Google Chrome recommended) – – Step by step instructions of the Demo: – – IOTA’s Flash Network: – – – – While the IOTA Tangle only increases in speed as more users adopt it – to a point where there is for “all practical purposes unlimited…

Usually, these conditions involve paying high transaction fees, time for the registration, an agreement to a monthly payment, loading up a customer account or reaching a minimum order level before buyers are able to purchase things online, while security standards are not always on the highest level.

Today, online sales are done with a few conditions.

Usually, these conditions involve paying high transaction fees, time for the registration, an agreement to a monthly payment, loading up a customer account or reaching a minimum order level before buyers are able to purchase things online, while security standards are not always on the highest level.

These issues apply to both sides, customers, and suppliers.

Requirements of these online-payments can be diverse for both parties:

E-commerce in 2017 can be, therefore, many things. Todays payment-options are either fast, cheap, or simple, but not all in once due to the technical limitations of the common systems such as high transaction fees, clunky processes due to security reasons, or minimum order value.

2014 Satoshipay was founded by Meinhard Benn (CEO), Henning Peters (Technical Advisor), Kilian Thalhammer (Payment Advisor) in London, with their headquarters in Berlin.

Satoshipay enabled e-commerce payments when they started with Bitcoin, but after months of developing, testing and strategic decisions, they decided to go with IOTA instead.

With IOTA as the backend technology, SatoshiPay is able to offer the highest standards of online-payments with all advantages.

One practical use-case of buying an online daily news-article, therefore, can be a new experience.

As many providers offer a membership with a flat-rate, or monthly price for access to an article section, it’s practically impossible to buy just a single article for a quarter, online, without…

SatoshiPay live-demo with IOTA flash-channels – The T▲ngler

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