📺 Scenarios

International Centralized Collection

CoinPays supports hierarchical "parallel collection" models with separate collection and payment accounts to mitigate risks and coordinate the various roles and functions involved in the process. These structures aggregate revenues to top-tier accounts in the organization.

Account Hierarchy in Direct Sales Companies

Distribution and direct sales companies frequently use document splitting and bulk payment transactions. At every level, accounts create sub-accounts for collections and payments, and document splitting rules are automatically applied through smart contracts.

Payments in the Digital Entertainment Sector

This segment heavily utilizes the SDK, API, and gateways provided by CoinPays to game developers. These powerful tools can be initiated by developers in a few simple steps, giving them high control over the payment process. Transaction types include cryptocurrency payments, subscription payments, credit payments, unified payments, and revenue sharing.

Offline Consumption

CoinPays facilitates the following typical scenario:

1. The customer selects cryptocurrency payment at an offline retailer.

2. The retailer creates the sales order using a cash register app or mobile POS device and retrieves the transaction address by calling the CoinPays SDK.

3. CoinPays' transaction system creates the payment order.

4. The payment gateway returns the collection address and transaction order to the CoinPays SDK.

5. The CoinPays SDK generates a QR code for the user to scan.

6. The user authorizes the payment by scanning with a wallet app.

7. CoinPays gateway checks the status of the blockchain order.

8. CoinPays processor writes the transaction order to the blockchain payment network.

9. CoinPays gateway communicates the real-time payment status to the POS via WebSocket, notifying the merchant of successful payment.

10. Similarly, the user can make payments via the Lightning Network through a similar process.

Bonus Points Campaigns and Programs

CoinPays' typical role in such a scenario includes:

• CoinPays issues a unique crypto token for the merchant's loyalty program.

• As users shop from the merchant, CoinPays records the bonus point gateway transaction.

• According to the smart contract setup, the user receives a certain amount of tokens in their registered wallet.

• Users can use the tokens earned for subsequent payments to the merchant.

Escrow Payment

CoinPays infrastructure facilitates the automation of escrow conditions when both parties can verify a potential transaction with a smart contract. If the transaction fails, the escrow funder retrieves 100% of the funds deposited.

Local Currency Exchange

Tourists traveling abroad, overseas workers, and international students face local currency exchange issues. CoinPays solutions enable users to easily exchange local currencies.

Credit and Lending

CoinPays helps small and medium-sized businesses overcome credit barriers by providing credit with blockchain-based transparency. Small and medium-sized businesses can use digital assets as collateral.

Big Data

Blockchain's transparent and immutable structure makes it possible to use trillions of transactions to predict trends and analyze behaviors. CoinPays' current business processes can handle data at this scale and deliver this value to business partners.