Gocrypto revolutionizes a protocol that revolutionizes digital payments - press release

press release

press release. ljubljana, Slovenia: die gocrypto-project is always striving for crypto payments in the mainstream bring. The updated solution called GoCrypto 2.0 enables real decentralized payments in which the dealer can accept practically every currency and the settlement in its desired cryptocurrency can be preserved without practically a central instance. The solution would use blockchains that support smart contracts to enable the automatic processing of payments and their several steps, such as z of smart contracts, etc. It will also be possible to connect bridges of third-party providers that enable interaction with blockchains that do not support smart contracts and possibly even legacy payments such as maps and digital wallets.

how it works:

Below you will find the description of the payment flow. The Merchant Cash System generates a QR code with instructions for the smart contract via the Gocrypto Gateway. The customer with his compatible wallet scans the QR code and approves the transactions. The funds are then removed from the customer wallet and either guided via a Dex or directly to the retailer's billing account. A fee for the service is deducted automatically before the money reaches the retailer's smart contract. The later distribution of the fee can be adjusted in the course of the project. The distribution of fees would initially be determined by the GoCrypto project as a creator of the solution, but if the governance is later transferred to a GOC-DAO, the stakeholders (GOC owners, developers, etc.) can be distributed via the votes.

Adding other functionalities and the inclusion of other non-intelligent contract-based systems will be possible via various bridges, which are developed and released either by the project or another third-party provider who wants to be integrated into the decentralized payment system. These will be either central or decentralized bridges, the payments. enable btc , credit cards, digital fiat money, etc. It will also be possible to add a bridge on the billing page so that the retailer has to receive his billing in Fiat.

main advantages:

fees, only a very low fee is charged by the protocol in order to enable further development
decentralization of payments in which no central authority has control over the payment methods, they are guided via a fully transparent system of checkable smart contracts directly by the user to the retailer
The design of the solution enables the integration of many dapps, apps and bridges of Third-party providers to add different functionalities to the payments
goc-token Ökosystem

The GOC token is the main piece within the protocol. It is used to reward protocol participants such as stakers, partners, developers. You can earn GOC through the partner program, which helps with the spread and operating time of the solution, developers are rewarded with GOC for their contribution to the development of the protocol and Stakers earn GOC for their GOC deposits, since these deposits will enable the administration of the protocol by the community and with the creation of the GOC DAO.

Next steps:

The modular structure of the protocol will enable the further development and integration of additional functions such as salary bills, donations for charitable purposes, funds and credit lines, etc. to bridge legacy systems to decentralized networks until we achieve a complete decentralization of payment transactions.

Details on the development process of the Gocrypto 2.0 protocol can be found on the company of the company timetable Website.

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