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Payment Gateway or Streaming Payment on top of BNBChain #52

Open huihzhao opened 4 months ago

huihzhao commented 4 months ago

Main Objectives/Goals:

The ​​objective is to build an all-in-one payment solution based on BNBChain’s tech stack, bringing more utilities to stablecoins and BNB within the BNBChain ecosystem. This integrated solution will enhance the functionality and value of digital assets, providing seamless and efficient payment options for users and fostering broader adoption and utility within the ecosystem

Challenge Description:

Crypto payments have gained some traction within Web3 and Web2, but their adoption has not met expectations. BNBChain now offers gasless solutions and excels in performance on opBNB, which will significantly lower barriers to mass adoption. With the adoption of BEP336 on opBNB, gas fees are expected to decrease by over 90%, creating a strong synergy with payment solutions.

BNBChain also provides a comprehensive solution to build a dedicated payment Layer 2 (L2), further optimizing user experiences. Moreover, stablecoins on BNBChain are enthusiastic about collaborating closely with these payment platforms. Whether you're a payment gateway connecting merchants or a streaming payment platform supporting payroll, in-game transactions, or other functionalities, BNBChain can meet your requirements. The community eagerly anticipates these advancements in adoption.

9012Jessie commented 3 months ago

Several payment gateways already support BNB Chain, such as NowPayments and Lunu, with more on the way. Streaming payment is another scenario we want to support further."

degenbuilder7 commented 3 months ago

Hi @huihzhao @9012Jessie , This sounds good, BEP336 on opBNB, gas fees are expected to decrease by over 90%, creating a strong synergy with payment solutions..

My query is regarding are we looking to focus on privacy related payments too ? or just the public ones ?

huihzhao commented 3 months ago

I would say no preference 🙂

huihzhao commented 3 months ago

Yes, the cost and performance barrier have been removed by BEP336 and performance optimisation of opbnb. Payment scenario, especially the stable coin payments can be benefited and it is also affordable to sponsor end users 😄

huihzhao commented 3 months ago

Now payment - https://nowpayments.io/ NOWPayments is a payment gateway that allows everyone to accept crypto payments on their websites, online stores, and social media accounts. It’s a non-custodial service, meaning it doesn’t hold or store your funds in any way. NOWPayments supports more than 50 cryptocurrencies, and it offers low transaction fees. How does it works？

It's a crypto payment gateway with 300+ supported cryptocurrencies and a very friendly UX. Now payment can help customers organize and track the payments, monitor and track the status of payments.

The integration flow will be like: Sign up and set up account Choose the payment tools

huihzhao commented 3 months ago

Lunu - https://lunu.io/ Lunu provides the cryptocurrency payment processing. They enable merchants to accept numerous cryptocurrencies as a payment method with the ability to convert the earnings to fiat currencies like Euros or U.S. Dollars.

Lunu has the following products: merchant payment processing for businesses offline via Lunu Terminals, online via Lunu Widget and Lunu Wallet for the customers to buy, store, swap, pay with crypto and withdraw to fiats.

How does it works？ With Lunu, customers can use cryptocurrencies for everyday purchases both in-store and online. The customer pays in cryptocurrency - the retailer gets paid in local currency except the Lunu fee.

Lunu has the following products:

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https://lunu.io/products#processing-service What makes Lunu best-suited to execute this Mission? Lunu provides comprehensive approaches for customers to proceed the crypto payment, and bridge the gap between merchants and end Web3 residents. Lunu has partnered with Shopify, WooCommerce, etc to amplify the crypto payment journey. Lunu will onboard more users to BNB Chain ecosystem, simplify users’ crypto payment journey, and expand the use scenarios in Web2 world.