8Pay’s RESTful APIs provide speedy responses without requiring direct interaction with the blockchain. The APIs, which are owned and hosted by 8pay, read from a cached version of the blockchain data. Everyone may validate all of the information given by the 8pay APIs against on-chain data to guarantee that it is correct and up to current.
About 8PAY
8Pay is a payment protocol designed on Binance 8PAY Chain (BSC) — and eventually on major EVM interoperable chains to support cryptocurrency-based automated transactions without the extra friction caused by traditional payment providers.
8PAY contracts enable 8Pay’s permissionless architecture, which adds additional capabilities to crypto assets. As a consequence, customers may make single, fixed recurring, variable recurring, and on-demand payments with the touch of a button, as well as track balances and manage payments using the 8Pay online or mobile applications.
What is 8PAY [8PAY]?
8pay is a payment mechanism developed on the Binance 8PAY Chain that enables authentic cryptocurrency-based recurring billing without adding further friction. Its permissionless architecture, enabled by automated 8PAY contracts, adds usefulness to crypto assets.
Cryptocurrency transactions logged on a public ledger allow instant auditability, removing the risk of a buyer-seller dispute. As a result, there is no need for a third party to decide if a cryptocurrency payment was transmitted and received – the blockchain discloses everything.
Furthermore, unlike wire transfers, cryptos allow fast settlement and do not require clearing houses, decreasing friction even further. The 8pay protocol enables single, periodic, and on-demand transactions, making cryptocurrencies acceptable for everyday use. To enable easy, rapid, and user-friendly interactions, the blockchain’s complexity is abstracted into simpler APIs, libraries, and graphical user interfaces.
Who Are the Founders of 8PAY [8PAY]?
8pay was founded by Benedetto Salanitro. Which he co-owns with former partner Alessandro Bellardita. With only a virtual machine and 15€, 8Pay began advertising on Facebook fan pages, soon becoming one of Italy’s largest. Salanitro was able to develop and expand an effective performance marketing company located in Dubai after mastering the art of advertising.
What Makes 8PAY Unique?
Users may swiftly and inexpensively conduct online payments using BNB, supported BEP-20 tokens, and stablecoins.
It runs on a decentralized rail provided by the BSC. Users are not required to provide personal information such as phone numbers or email addresses in order to access services. The BSC secures all operations, which are carried out openly and at a lower cost and convenience than traditional systems.
Cryptocurrency transactions recorded on public distributed ledgers give a level of openness that helps to prevent buyer-seller conflicts. As a result, there is no longer a requirement for a third party to arbitrate between the peer-to-peer payment, allowing for near-instant settlement, fewer costs, and less friction when opposed to older payment systems.
8Pay’s clever 8PAY contract architecture enables such a trustless payment service that bitcoin wallets may function exactly like a standard bank account without the intermediary, resulting in a variety of associated benefits.
The BSC Proof of Staked Authority (PoSA) consensus mechanism secures payment transactions. Users have complete control over their wallets, including the ability to check balances, schedule recurring payments, and establish their own limitations.
Simple Integrations
Payments may be generated and handled straight from the 8Pay app, which also allows you to embed buttons and easily share URLs or QR codes. To access more sophisticated functionality, businesses can connect through API or 8Pay’s Javascript library.
Staking Rewards Users will soon be able to lock 8PAY tokens through the platform in order to gain a percentage of the fees collected across the 8Pay payment network.
Where Can You Buy 8PAY [8PAY]?
If you’re looking for a place to purchase 8PAY, the best cryptocurrency exchanges to use right now are PancakeSwap (V2), BitGlobal, and PancakeSwap.
Frequently Asked Questions
Can I Buy 8PAY [8PAY] With Cash?
No. There is no direct method to purchase 8PAY using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy 8PAY [8PAY] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the 8PAY [8PAY] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact 8PAY price and market cap.
8PAY Official website – https://8pay.network/
8PAY Twitter – https://twitter.com/8Pay_network
8PAY Medium – https://8pay.medium.com/