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The Bitsure platform is an open loop cryptocurrency settlement platform.

This will eliminate unnecessary friction in the payment process, and translate into considerable cost savings for organisations whose customers transact using the platform. The blockchain allows for instant settlement without a trusted intermediary like VISA or Mastercard, removing the role of an acquirer in the payment environment. This opens up new channels which can be used in a future where cryptocurrencies are widely accepted in tender form.

The Bitsure platform enables organisations to transact in the blockchain economy using their existing hardware and software infrastructure. This innovative payment clearinghouse provides organisations with a low-cost, fast, efficient and secure payment method, whether that be paying for purchases, buying airtime, sending money locally or internationally, or transacting with cryptocurrencies. All of which can be done using their mobile phone (Feature or Smart).  Transactions are settled near-real time using the Ripple Ledger and the cost of the transaction using the Bitsure platform is considerably lower than the cost of transactions today.  This means the organisation will not only save considerably on each transaction, but can then pass on a portion of this to the consumer.

What is Blockchain technology?

Bitsure uses an innovative technology called the blockchain to settle transactions instantaneously. The blockchain is a secure distributed ledger that stores each transaction and eliminates the need for a trusted third party.

Retail / PED integration (BETA)

Bitsure enables transactions via the PED (Pin Entry Device) by customers entering their phone number and Bitsure pin. It uses the retailer’s existing switching software to route transaction data to the Bitsure core server for authentication and processing. Bitsure then instructs the customer’s financial services provider to debit the customer’s account and make a transfer of value using digital assets to settle the transaction. This platform allows the retailers who own their own switching software to bypass the acquiring bank during the processing of transactions.

What is required from the participating Partner:

  • Install a software component provided by Bitsure or 3rd party POS/EPOS providers.
  • Sign a Merchant’s Services Agreement with Bitsure.
  • Agree to use Digital Assets as the transfer of value and use of a wallet to store the digital assets.

Online Mobile App Integration (BETA)

Bitsure enables the transactions online by customers entering their phone number and Bitsure pin. A secure page routes transaction data to the Bitsure core server for authentication and processing.
Bitsure then instructs the customer’s financial services provider to debit the customer’s account and make a transfer of value using digital assets to settle the transaction.

What is required from the participating Partner:

  • Install plugin for your web page or APP.
  • Sign a Merchant’s Services Agreement with Bitsure.
  • Agree to use Digital Assets as the transfer of value and use of a wallet to store the digital assets.

What are Digital Assets (Tokens)?

A digital asset is representation of money. Bitsure issues digital assets linked to fiat currency that is underwritten by an escrow account. Integrators such as a mobile wallet company or a bank will acquire digital assets from Bitsure on behalf of its customers in order to trade these with the retailer (as an example). A retailer’s bank or the retailer themselves, will accept these digital assets as settlement, which are redeemable immediately. Digital assets are linked to a local fiat currency to eliminate volatility. Account holders will receive the interest accrued from the escrow service.
Retailers can redeem these digital assets in accordance with terms set out in the Merchant Services Agreement or use them for supply chain requirements.

Can we accept any Cryptocurrency?

​Yes, Bitsure can issue any crypt​ocurrency onto the ripple ledger. Depending on the cryptocurrency additional development will be required.

Why we use Ripple technology?

Ripple is an enterprise blockchain solution built for settlement between participants and individuals. You can find more information on their website.

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