A decentralized and non-custodial cryptocurrency payment processor named AtomicPay announced on Friday it plans to launch a non-custodial cryptocurrency payment solutions worldwide.
Originally founded in 2018, AtomicPay has set itself to be a new payment option on top of the conventional payment methods. The startup claims it can save customers 2 to 5 percent on each transaction paid using the platform.
AtomicPay is entirely peer-to-peer (P2P) payment solution, with the convenience and benefits of a payment processor. Commenting on this new services, Founder of AtomicPay, Benz Rif said:
“Cryptocurrency itself is decentralized, but blockchain payment processors continued to be centralized. This resulted in the same old problems with high processing fees, hidden charges, slow settlements, hacks, foul plays, privacy and censorship issues If you don’t own the private key, you don’t own your cryptocurrency. AtomicPay does not have access to merchant’s private key and money goes directly to their cold wallet.”
At this point in time, AtomicPay only supports 156 fiat currencies and major cryptocurrency such as Bitcoin, Bitcoin Cash, Dash, Litecoin and more. The startup does plan to implement Ethereum and Stellar support by the second quarter of 2019 and with features including QuickPay, Point-of-Sale (POS), PayURL, Payment Buttons, Access Control, and open source plugins for some of the biggest eCommerce platforms.
AtomicPays recent addition of this non-custodial payment process comes with a flat rate processing fee per transactions, with no hidden charges included. Currently, signup credits are being offered for new merchants to process up to $1000 USD worth of transactions for no charges.