30 May · 5 min read
Challenge: To develop a platform that can accept all sorts of payments, including cryptocurrency to offer a great customer experience.
Solution: Developed a payment processing system and platform to provide seamless payment experience to users and stakeholders.
User Group: Crypto providers
We built a payment processing system that quickly accepts all types of digital payments, including cryptocurrency, and a sophisticated analytics platform that analyzes and sorts data for users to access and filter at any time. The platform processes over 10,000 transactions each day and has over 500 users worldwide.
Our customer is a global cryptocurrency provider determined to bring cryptocurrency into the mainstream and unify all payment methods by creating an all-in-one solution and enabling the merchants to have the ultimate access to the world of simplified, futuristic, and frictionless payment options. The client came to us to develop a payment processor that could take crypto payments and settle them swiftly.
The goal was the development of a system that can accept all sorts of payments, including cryptocurrency, settle them fast, and be transparent and cost-effective for end-users. They were well-connected and able to form partnerships, allowing them to effortlessly integrate the product into the correct places and spread the word.
Challenges that the team faced on this project were multiple:
Creating a payment processing application is not a challenge on its own, it's a process of knowing and implementing industry standards and best practices. In process of developing this solution, we had to consider a number of factors:
We created two products from scratch:
Our team is in charge of creating a product roadmap, solution architecture, design, development, and system maintenance.
1. Payment processing system
The first solution we developed for this client was an Android app that can be connected to any Android device (phone, POS, etc.) and accepts all sorts of payments. We focused on crypto payment when designing this product, and we built a mechanism that can:
We know security is important, so we made an effort to incorporate top-of-the-line security features into the solution. Our DevOps engineers invested their time into testing and establishing security protocols, and creating a full security infrastructure. This allowed us to secure the data and establish a safe system.
After creating a safe and secure infrastructure, the development was straight forward and the solution had its first round of implementations in six months.
An eCommerce platform can also be integrated with the solution. The system can work with CS-Cart, osCommerce, OpenCart, PrestaShop, WooCommerce, Magento, Shopify, and other platforms.
2. System management platform
When all of the payments have been processed and all of the front-end processes have been finished, there is a large amount of data that must be managed in a way that maximizes the value for all parties involved. For this reason, we developed a management platform that brought all of this information together in one location and made it simple to handle.
Two main roles in the platform were admin (payment provider) and user (merchants).
Admin is the system's owner and is accountable for all of the information displayed. User management, KYC procedures, fees, and transaction insight are his primary tasks.
They have an overview of all transactions from the merchant's perspective:
They are also able to connect the platform to their own wallet and use it as a crypto management tool for trending and exchangers, and they can effortlessly whitewall funds to their wallets.
100+ merchants from all over the world are using our system, and we are the number 1 crypto payment solution in the world.
In three years' time the system: