InstantPay catalyzes immediate cryptocurrency acquisition following a payment made in the local currency during a purchase. Additionally, it facilitates swift cash deposits into bank accounts when users sell their cryptocurrencies. The platform addresses the common issue of prolonged transaction completion times on peer-to-peer platforms, streamlining the process for both buyers and sellers.
Streamlined Process for Buyers and Sellers
Traditionally, buyers initiate a transfer to the seller after logging into their bank accounts, and the seller confirms the receipt of cash before the crypto is released. InstantPay disrupts this traditional process, enabling users to transition seamlessly between crypto and cash within seconds. On the selling side, orders are initiated, and crypto securely held in escrow ensures immediate cash release into the seller’s account. On the buying side, payment confirmation triggers the instant crypto dispatch to the buyer’s wallet.
Benefits of Using InstantPay
For Buyers
Fast Transactions
Bid farewell to manual cash transfers. Users receive their money almost instantly once a sell order is initiated and secured in escrow. Purchased crypto assets are released within a minute after making a cash deposit and marking the order as paid.
Reduced Error Risks
By automating the transactional workflow, InstantPay not only enhances efficiency but also instills confidence in users. Thus it makes sure to transact their orders with precision and accuracy.
Safety and Security
InstantPay prioritizes the safety and security of its users’ financial activities by restricting transaction processing to a select group of trusted merchants.
For Sellers
Minimal Effort in Managing Orders
By creating an account, users gain access to a user-friendly interface that simplifies the complexities of financial transactions.
Reduced Error Risks
Fully automated processes minimize the risk of transferring to incorrect accounts or sending incorrect amounts.
Ability to Accept Multiple Orders
With sufficient liquidity, sellers can efficiently manage multiple orders (fiat for offramp, crypto for onramp).
Secure Fund Management
InstantPay securely manages funds within the trading wallet, establishing a robust foundation for financial transactions.
InstantPay introduces a new gateway to digital payments and cryptocurrency, offering a seamless and secure platform for users and merchants alike. As a pioneer in the industry, InstantPay’s commitment to efficiency, security, and innovation sets it apart in the competitive world of digital finance.
About CipherBC
CipherBC stands as a market leader in digital asset custody and payment solutions, catering to businesses seeking a secure and efficient transition to Web3 transformation, ensuring the security of assets and We are committed to the mission of “ fostering financial freedom.” In line with this objective, we provide asset owners with a complete range of services, encompassing asset custody, merchant payments, clearing and other financial services.