The DigitalBits Network is supported by an ecosystem of technology companies, integrators, service providers and businesses. As a Payment Solution, you will be able to facilitate payments utilizing the XDB token and/or other tokenized assets on the DigitalBits blockchain, such as rewards points and branded stablecoins.
Payment Solutions can benefit from joining the DigitalBits Ecosystem in a variety of ways including:
DigitalBits allows for relatively faster and cheaper transactions than both traditional payment systems and today’s blockchain solutions. Payment solutions that integrate with DigitalBits will benefit from fast confirmation times (2-5 seconds), and reduced transaction fees (each transaction is subject to a minimal fee of 0.00001 XDB). This can also facilitate remittances, which are currently subject to long wait times and high fees.
DigitalBits decentralized exchange utilizes multi-hop technology, allowing most trades to be completed even in the absence of a direct market. Consumers will be able to leverage a multitude of digital assets, inclusive of branded currencies such as loyalty points and rewards, in a way that resembles digital cash.
DigitalBits may host a variety of different assets, enabling a number of choices when transacting. This not only allows consumers to better harness the value of their digital assets, but gives recipients (merchants, enterprises, brands) the ability to accept a wider range of payment options.