PayProtocol (PCI)

PayProtocol (PCI) is a cryptocurrency payment platform for e-commerce and retail use. Developed by Danal, a South Korean payment company with 20 years of experience, PayProtocol aims to address the challenges of traditional payment systems, including high fees, slow payment schedules, and excessive intermediary processes. By leveraging blockchain technology, PayProtocol seeks to simplify the payment process, reduce costs, and enhance user convenience.

PayProtocol is built on the Hyperledger Fabric (HLF) private blockchain system, which ensures fast transactions and excellent privacy. Unlike a public blockchain, HLF is restricted to authorized nodes, making it ideal for secure payment services. PayProtocol’s strategy reduces fees and settlement cycles by simplifying verification processes through blockchain technology. The platform supports various payment environments, including popular cryptocurrencies like Bitcoin and Ethereum, and offers financial services such as loans, remittances, custody, and more.

PayProtocol aims to bridge the gap between users and merchants by providing an accessible integration tool for retail and e-commerce settings. With an easy-to-use API and SDK for e-commerce integration, development API for retail Point of Sale (POS) devices, and smartphone POS apps for merchants without physical systems, PayProtocol connects all payment channels through a single solution. The platform also supports multi-currency transactions, allowing users and merchants to choose their preferred currency, including cryptocurrencies, stablecoins, and fiat money. Merchants can benefit from an integrated management system that helps them track transactions, apply promotions, and set payment-related policies.