WAYNANCE is an instant cryptocurrency purchase procedure that can be integrated into all physical and virtual payment systems, compatible with all wallets and with a one-click payment order.
What problem does it solve?
With WAYNANCE it is now possible to purchase all types of assets with any cryptocurrency in just 1 click, thanks to its compatibility and integrability with all existing payment systems (physical and virtual). This includes conventional payment gateways, POS payment terminals and NFC systems without having to modify the existing sales system in the commercial establishment, and allowing WAYNANCE to act without human intermediation allowing for the first time the possibility of automating any type of accounting process in cryptocurrency without having to make major modifications to the POS, point of sale, dataphone or payment gateway used by the merchant in question.
How does it work?
WAYNANCE allows, through the implementation of the WAYNANCE PAY system, protected by patent P202100117, the open and simultaneous communication between three basic elements:
- Wallet or cryptocurrency manager
- Physical or virtual payment gateway (e-commerces and dataphones)
- Blockchain network
The simplification and optimization of WAYNANCE lies in the fact that this communication is done in one click. When the button is pressed, WAYNANCE PAY recognizes the price and monetary unit to be paid by the customer, calculates the transaction commission (fees) and expresses the total amount to be paid.
Illustrative representation of total payable in cryptocurrencies. In this example a stable currency (BUSD) has been used, but the client or buyer can use any one he/she has in his/her investment portfolio (BTC, ADA, ETH, USDT, SOL, etc.) to pay at the establishment, merchant and/or virtual store.
Simultaneously, WAYNANCE enables the connection between the client/buyer/consumer wallets and the merchant without resorting to the manual configurations that these types of transactions would normally require (entering hash, wallet address, passwords, confirmation codes, etc.) saving considerable time and personnel costs, and enabling the automation of processes.
WAYNANCE also enables the user to pre-configure payment preferences by being able to configure both the currency and the wallets from which payment is made.
In other words, the customer/buyer/user will be able to previously select or position the main cryptocurrency with which he/she wants to pay and WAYNANCE will automatically detect this selection at the moment of the payment click. In this way, the client will have the freedom to purchase a product or service with the cryptocurrency he/she prefers over any other in his/her personal portfolio.
Once WAYNANCE receives the purchase order the equivalent amount will be deducted from the client’s wallet. This equivalent amount will correspond to the price of the product including the commissions derived from this transaction, while sending the amount to the wallet of the seller or merchant.
WAYNANCE also has a multi-payment system; that is to say, the client or user also has the faculty to choose from which wallet to make the payments in case he/she has more than one, or to complete the purchase from several simultaneously if the balance of the main wallet is insufficient.