Global Digital Payment is a blockchain-based payment system that seeks to revolutionize crypto payments by creating a convenient and safe ecosystem where Bytus Wallet users can conveniently make contactless payments via payment terminals and the Internet using a QR code. Additionally, the payment system features instant conversion capabilities of cryptocurrency to fiat. Such features are anticipated to develop, improve, and globalize cryptocurrencies.
The platform will assist retail businesses in introducing cryptocurrencies as an accepted payment method. This will enable the businesses to attract more customers who prefer using cryptocurrencies as a payment method as well as help customers explore new markets.
Bytus Tokens will be the platform’s main and only utility token. Depending on their needs, the user can freeze the tokens for incoming and outgoing transactions. After the transaction, the tokens become inactive for 24 hours during which they can be returned to the main account.