Cointime

Cointime

Download App
iOS & Android

HashNut: Can Web3 Payments Achieve a Smooth Experience that Compares to Traditional Methods?

Cointime Official

By Cointime.com 237

HashNut: Web3 Payment Platform for Enterprises

HashNut is a Web3 payments platform built on blockchain technology, aiming to provide fast, easy-to-use and secure commercial crypto payment solutions for businesses.

HashNut was first proposed in 2019 and founded in Singapore in 2021. Its development began in 2020 with the launch of its Web 2.5 encrypted payment product in 2021 and the world's first true Web3 commercial encrypted payment platform in 2022. As a Web3 business encrypted payment solution, HashNut aims to be the Web3 version of PayPal and establish a reputation as the easiest, fastest and most secure in the market.

HashNut allows businesses to easily integrate a payment solution into their website or app and accept cryptocurrency payments. Customers can enjoy a smooth payment experience comparable to WeChat Pay and PayPal.

The core concept of HashNut is to allow businesses to deploy smart contracts on their own for integration with the enterprise platform. The platform provides businesses with an extremely fast integration process that takes only 5 minutes to complete. Once the integration is complete, businesses can start accepting cryptocurrency payments on their website or app.

On HashNut, clearing, settlement, and escrow rely entirely on smart contracts, which can go some way to ensuring that transactions are transparent and secure. Based on this, merchants don't need to worry about theft or misappropriation of funds, as the funds are stored in their own deployed contracts, and they are free to withdraw all the funds at any time without any need to go through manual auditing.

At the same time, HashNut uses anonymized merchant authentication. This means that merchants can start using HashNut simply by using a crypto wallet without having to submit any personal information, protecting their privacy to a certain extent.

In addition, merchants can deploy contracts through the HashNut merchant system and use the address of their deployed contracts as the payment address for their orders. The contracts deployed by each merchant can be considered as separate collection accounts, which enhances payment flexibility and security.

It is worth mentioning that HashNut also has an open rate strategy. Merchants are charged low fees during contract deployment and the rates are made public on the blockchain, which ensures transparency and predictability of rates. Merchants can use HashNut without worrying about rate changes.

Project Advantages

HashNut has a complete DeFi (Decentralized Finance) architecture designed to provide businesses with a simple and secure cryptocurrency payment solution. Compared to traditional payment gateways, HashNut has significant advantages.

First, HashNut is able to automatically deploy smart contracts and integrate them in as little as 5 minutes. This allows businesses to easily customize and quickly enable payment solutions that meet the needs of businesses of all sizes. Both small and medium-sized businesses as well as large enterprises can enjoy an efficient and convenient payment experience with HashNut.

Secondly, HashNut utilizes a complete DeFi architecture to ensure absolute security of funds. All transactions take place on the blockchain and are executed through smart contracts, ensuring transparency and traceability. This means businesses can make cryptocurrency payments with confidence, eliminating the need to trust third-party organizations. At the same time, HashNut's security mechanisms effectively protect transactions from fraud, theft, and other security threats.

In addition, HashNut has excellent transaction speeds. Using high-performance blockchain technology, HashNut can achieve second confirmation times, providing users with a smooth and fast payment experience. This is especially important for businesses that require fast settlements, such as online retailers and restaurants.

For businesses looking to embrace the potential of cryptocurrency, HashNut represents an important advancement in the business world. Its user-friendly interface, fast transaction speeds, and robust security features make it the payment solution of choice for businesses of all sizes and industries.

At the same time, HashNut's impact does not stop at providing payment solutions. With HashNut, companies can develop new and exciting products and services that create more business opportunities. With HashNut as a foundation, enterprises can build smarter, decentralized business models that promote innovation and growth.

Patented Technology

HashNut has a large number of patented technologies that provide solid support for its current and future versions.

To date, HashNut has been granted a total of 78 patents for inventions in the United States, Europe, Asia, and elsewhere, including 7 international PCT patents.

These patents cover HashNut's innovations and uniqueness in the field of crypto payments. Through patent protection, HashNut ensures the exclusivity of its technology while conveying important information to the market about the value of the project and its ability to innovate.

These patented technologies provide HashNut with a range of core features and benefits. For example, they may relate to key aspects of HashNut's smart contract architecture, payment process handling, and security verification mechanisms. Through these patented technologies, HashNut is able to provide fast, secure and reliable cryptographic payment solutions that meet the high demands of businesses and users for payment experiences.

In addition, HashNut's patented technologies may include innovations related to blockchain technology, data privacy protection, and risk management. These technologies provide important support for HashNut to maintain a competitive edge in the ever-changing cryptocurrency and payments industry.

The Team

HashNut's team consists of diverse members from around the globe. They have a wealth of experience and expertise in a variety of fields and have made significant contributions to the development of the project.

The technical team is a crucial part of the HashNut team. Team members include former front-end leads, architects and senior developers from WeChat Pay, Tencent Blockchain and PayPal. These members have accumulated at least 6 years of experience in blockchain protocol development and have a background of 5 to 15 years in the e-payment space. Their extensive experience enables HashNut to design and develop crypto payment solutions that are innovative, robust and competitive.

The commercial team is also one of the key factors in HashNut's successful development. The team consists of industry professionals such as the former Global Head of VISA Direct, a senior Cisco executive and the co-founder of Legend Computers. They have over 100 years of collective experience and extensive payments and technology industry knowledge. Members of the commercial team play key roles in marketing, strategic planning and business development, providing HashNut with deep industry insight and business acumen. They are committed to driving the growth of HashNut's market share and brand presence globally.

In addition to the technical and commercial teams, the HashNut team has a dedicated operations and customer support team. This team is responsible for the day-to-day operations of the program, ensuring smooth partnerships and efficient customer service. They provide customers with a quality experience by resolving issues in a timely manner, responding to user feedback, and providing technical support.

Conclusion

HashNut is a business crypto payment solution based on blockchain technology. The project aims to provide businesses with a simple, secure and efficient payment solution that enables them to accept cryptocurrency payments.HashNut features a fast integration process and anonymized merchant identity verification, which provides convenience and privacy protection for merchants.

HashNut's team consists of professionals from different fields with extensive experience and knowledge. The technical team has deep expertise in blockchain technology and smart contract development, while the commercial team is responsible for marketing and business opportunity development. The diversity of team members can contribute to the success of the project.

In addition, HashNut adopts a complete DeFi architecture with high-performance transaction speed. These features can provide users with a secure and smooth payment experience. The project also offers the ability to automatically deploy smart contracts, adding flexibility and security to payments.

But while HashNut has a competitive advantage in the commercial crypto payments space, it also needs to cope with fierce competition and changing demands in the market. The project team needs to continue to improve and innovate to ensure the long-term success of the project and user satisfaction.

Web3
Comments

All Comments

Recommended for you

  • U.S. Congressman Mike Flood: Looking forward to working with the next SEC Chairman to revoke the anti-crypto banking policy SAB 121

     US House of Representatives will investigate Representative Mike Flood's recent statement: "Despite widespread opposition, SAB 121 is still operating as a regulation, even though it has never gone through the normal Administrative Procedure Act process." Flood said, "I look forward to working with the next SEC chairman to revoke SAB 121. Whether Chairman Gary Gensler resigns on his own or President Trump fulfills his promise to dismiss Gensler, the new government has an excellent opportunity to usher in a new era after Gensler's departure." He added, "It's not surprising that Gensler opposed the digital asset regulatory framework passed by the House on a bipartisan basis earlier this year. 71 Democrats and House Republicans passed this common-sense framework together. Although the Democratic-led Senate rejected it, it represented a breakthrough moment for cryptocurrency and may provide information for the work of the unified Republican government when the next Congress begins in January next year."

  • Indian billionaire Adani summoned by US SEC to explain position on bribery case

    Indian billionaire Gautam Adani and his nephew, Sahil Adani, have been subpoenaed by the US Securities and Exchange Commission (SEC) to explain allegations of paying over $250 million in bribes to win solar power contracts. According to the Press Trust of India (PTI), the subpoena has been delivered to the Adani family's residence in Ahmedabad, a city in western India, and they have been given 21 days to respond. The notice, issued on November 21 by the Eastern District Court of New York, states that if the Adani family fails to respond on time, a default judgment will be made against them.

  • U.S. Congressman: SEC Commissioner Hester Peirce may become the new acting chairman of the SEC

    US Congressman French Hill revealed at the North American Blockchain Summit (NABS) that Republican SEC Commissioner Hester Peirce is "likely" to become the new acting chair of the US Securities and Exchange Commission (SEC). He noted that current chair Gary Gensler will step down on January 20, 2025, and the Republican Party will take over the SEC, with Peirce expected to succeed him.

  • Tether spokesperson: The relationship with Cantor is purely business, and the claim that Lutnick influenced regulatory actions is pure nonsense

     a spokesperson for Tether stated: "The relationship between Tether and Cantor Fitzgerald is purely a business relationship based on managing reserves. Claims that Howard Lutnick's joining the transition team in some way implies an influence on regulatory actions are baseless."

  • Bitwise CEO warns that ETHW is not suitable for all investors and has high risks and high volatility

    Hunter Horsley, CEO of Bitwise, posted on X platform that he was happy to see capital inflows into Bitwise's Ethereum exchange-traded fund ETHW, iShares, and Fidelity this Friday. He reminded that ETHW is not a registered investment company under the U.S. Investment Company Act of 1940 and therefore is not protected by the law. ETHW is not suitable for all investors due to its high risk and volatility.

  • Musk said he liked the "WOULD" meme, and the related tokens rose 400 times in a short period of time

    Musk posted a picture on his social media platform saying he likes the "WOULD" meme. As a result, the meme coin with the same name briefly surged. According to GMGN data, the meme coin with the same name created 123 days ago surged over 400 times in a short period of time, with a current market value of 4.5 million US dollars. Reminder to users: Meme coins have no practical use cases, prices are highly volatile, and investment should be cautious.

  • Victory Securities: Funding Rates halved and fell, Bitcoin's short-term direction is not one-sided

    Zhou Lele, the Vice Chief Operating Officer of Victory Securities, analyzed that the macro and high-level negative impact risks in the cryptocurrency market have passed. The risks are now more focused on expected realization, such as the American entrepreneur Musk and the American "Efficiency Department" (DOGE) led by Ramaswamy. After media reports, the increase in Dogecoin ($DOGE) was only 5.7%, while Dogecoin rose by 83% in the week when the US election results were announced. Last week, the net inflow of off-exchange Bitcoin ETF was US$1.67 billion, and the holdings of exchange contracts and CME contracts remained high, but the funding rates halved and fell back, indicating that the direction of Bitcoin in the short term is not one-sided, and bears are also accumulating strength.

  • ECB board member Villeroy: Falling inflation allows ECB to cut interest rates

     ECB board member Villeroy de Galhau said in an interview that the decline in inflation allows the ECB to lower interest rates. In addition, the slow pace of price increases compared to average wages is also a factor in the rate cut. Villeroy de Galhau emphasized that the ECB's interest rate policy decision is independent of the Fed. Evidence shows that the ECB began to lower interest rates in early June, while the Fed lowered interest rates three months later. With the decline in inflation, we will be able to continue to lower interest rates. Currently, the market generally expects the ECB to cut interest rates by 25 basis points at the next meeting in December, but weaker data increases the possibility of a 50 basis point cut.

  • State Street warns Bitcoin craze could distract gold investors

    George Milling-Stanley, the head of gold strategy at Dominion Bank, warned that the rise of Bitcoin may mislead investors to overlook the stability of gold. He believes that Bitcoin is more like a return-driven investment, while gold provides long-term stability. He also criticized Bitcoin promoters for misleading the market by using the term "mining," and believes that gold is still a more reliable investment choice.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company