JPAY Platform and CyClean: A Better Crypto Payment Gateway
Payment gateways are services that authorize payments processing for both online and offline stores. You may be familiar with such payment gateways like PayPal, SecurePay, and Stripe. But with the advent of blockchain technology and cryptocurrencies, a whole new kind of payment gateway has emerged. We call it the crypto payment gateway.
JPAY Platform is CyClean’s core partner that integrates CyClean tokens into its ecosystem. How does JPAY Platform operate, and how do we use CyClean tokens to make payments? Glad you asked. Let me break it down for you in this post today.
First, JPAY is a two-coined structure that consists of JPAY (JPAY) coins and JPAY Silver (JPS) coins. JPAY serves as the intermediary between JPS and other cryptocurrencies, like CyClean, Bitcoin, and Ethereum. What’s interesting is that JPS is a stable coin that has a fixed value. It is similar to USDT, which means JPS is a stable coin that allows consumers to easily calculate their spending.
While JPS is fixed in terms of price, JPAY isn’t. JPAY can fluctuate in price and serves as a buffer to the price fluctuations of cryptocurrencies. Let’s say that you want to eat a ten-dollar lunch at a restaurant that utilizes JPAY’s payment gateway. If you hold Bitcoin and want to use Bitcoin to pay for your lunch, you as a consumer select Bitcoin as the payment option. Once you make the ten-dollar purchase, ten dollars worth of your Bitcoin is converted to JPAY, which is then converted to JPS. The storeowner will receive ten dollars worth of JPS. So in the end, your Bitcoin balance will see a subtraction of ten dollars worth of Bitcoin. It doesn’t matter if one Bitcoin is one thousand dollars or twenty-thousand dollars – in the end, JPAY and JPS make sure that you pay a fixed amount for the good you consume.
This is where CyClean comes in. You have heard of the ways you can mine CyClean tokens. You can play Cat’s Run on the IMBIKE, walk around with the health band slapped around your wrist, or install a solar panel. All of these methods result in CyClean tokens in your wallet. CyClean can serve as a store of value, but they should also be spent. CyClean products can be rented with CyClean tokens, but more could be done. By being integrated into JPAY Platform, CyClean tokens will be accepted in the hundreds of stores across Korea. Want to drink a cup of coffee? Need a haircut? Use CyClean and JPAY Platform to make your payment.
In the near future, JPAY will release the JPAY card that will allow for faster, easier transactions. The partnership between CyClean and JPAY will transform the way payments are made using cryptocurrencies. JPAY is the next big crypto payment gateway, and CyClean will be a main currency on the platform. Contribute to the ecosystem, mine CyClean tokens, and spend your earnings through JPAY Platform.
Numerous payment gateways are currently used by consumers and businesses
JPAY Platform is CyClean’s core partner that integrates CyClean tokens into its ecosystem. How does JPAY Platform operate, and how do we use CyClean tokens to make payments? Glad you asked. Let me break it down for you in this post today.
First, JPAY is a two-coined structure that consists of JPAY (JPAY) coins and JPAY Silver (JPS) coins. JPAY serves as the intermediary between JPS and other cryptocurrencies, like CyClean, Bitcoin, and Ethereum. What’s interesting is that JPS is a stable coin that has a fixed value. It is similar to USDT, which means JPS is a stable coin that allows consumers to easily calculate their spending.
While JPS is fixed in terms of price, JPAY isn’t. JPAY can fluctuate in price and serves as a buffer to the price fluctuations of cryptocurrencies. Let’s say that you want to eat a ten-dollar lunch at a restaurant that utilizes JPAY’s payment gateway. If you hold Bitcoin and want to use Bitcoin to pay for your lunch, you as a consumer select Bitcoin as the payment option. Once you make the ten-dollar purchase, ten dollars worth of your Bitcoin is converted to JPAY, which is then converted to JPS. The storeowner will receive ten dollars worth of JPS. So in the end, your Bitcoin balance will see a subtraction of ten dollars worth of Bitcoin. It doesn’t matter if one Bitcoin is one thousand dollars or twenty-thousand dollars – in the end, JPAY and JPS make sure that you pay a fixed amount for the good you consume.
This is where CyClean comes in. You have heard of the ways you can mine CyClean tokens. You can play Cat’s Run on the IMBIKE, walk around with the health band slapped around your wrist, or install a solar panel. All of these methods result in CyClean tokens in your wallet. CyClean can serve as a store of value, but they should also be spent. CyClean products can be rented with CyClean tokens, but more could be done. By being integrated into JPAY Platform, CyClean tokens will be accepted in the hundreds of stores across Korea. Want to drink a cup of coffee? Need a haircut? Use CyClean and JPAY Platform to make your payment.
In the near future, JPAY will release the JPAY card that will allow for faster, easier transactions. The partnership between CyClean and JPAY will transform the way payments are made using cryptocurrencies. JPAY is the next big crypto payment gateway, and CyClean will be a main currency on the platform. Contribute to the ecosystem, mine CyClean tokens, and spend your earnings through JPAY Platform.
** For more information about CyClean, please visit our website at cyclean.io.
