Dexpay POS
Dexpay: POS, a modularized and extensible point of sale which enables Merchants to accept payments in cryptocurrencies without being exposed to the volatility of the specific currency used during the transaction, in a completely decentralized matter.
Table of contents
Motivation
Dexpay POS, unlike other payment gateways, provides the ability to receive crypto payments with 0-volatility risk in a completely decentralized manner.
By doing so it decreases the merchant risk associated with accepting volatile cryptocurrencies for commerce.
The problem is important for merchants because their current value reference system is based on the exchange rate of such currencies versus dollar. Therefore, by enabling those parties to always receive a stable coin (DAI) regardless of the currency used for payment, the volatility risk connected to holding such currencies get close to zero.
Furthermore, merchants may benefit from reduced fees when compared to the current digital payments offered, that would directly translate to higher margins for their business.
All cryptocurrency payment gateways today leverage on a centralized architecture to keep track of Ether and other ERC20 token payments like DAI. On the other end, Dexpay leverages on an innovative payment gateway solely operated by smart contracts on the ethereum blockchain: this new approach removes the central point of failure of existing gateways, while delivering a truly permissionless and decentralized solution to accept payment in Ether and ERC20 token.
The implications are extremely important: our payment gateway cannot be stopped. No external company will have the chance to reject or censor any transaction.
Being an open platform, Dexpay POS enables economic opportunities through equal access to a high-quality POS system for everyone.
History
- xPay won the POA 1st Prize at the CryptoLife Status Hackathon
- UniPay won the first GoBUILD Hackathon
User Interface
Reference UI for tablet POS.
Contribute
Please contribute! Have a look to the issues!
License
MIT License - Copyright 2018/ 2019 Dexlab.io
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:
The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.