ZKPAY payment method
PlatON participated in the Hong Kong Fintech Week 2024 jointly organized by the Financial Services and Treasury Bureau, Invest Hong Kong, Hong Kong Monetary Authority, Securities and Futures Commission, and Insurance Regulatory Authority of the Hong Kong Special Administrative Region Government. At this conference, PlatON released its latest wallet product TOP WALLET, showcasing its innovative strength and forward-looking vision in the field of financial technology. TOP WALLET relies on the MPC+AA framework released earlier this year, which not only supports social login and zero GAS fees, but also integrates numerous payment related services within the PlatON ecosystem, including cross-border remittance, stablecoin exchange, wealth management appreciation, QR code payment, etc.
- MPC+AA framework: TOP WALLET relies on the MPC+AA framework released earlier this year, which provides strong security and privacy protection for wallets. MPC (Multi party Computing) technology ensures the security of data during processing, while AA (Account Abstraction) provides users with a more flexible and convenient way of account management.
- Social login and zero GAS fee: TOP WALLET supports social login function, reducing the user’s usage threshold and enabling more users to easily access the blockchain world. At the same time, the zero GAS fee design greatly reduces the user’s usage costs and enhances the user experience.
- Integrate payment services within the ecosystem: TOP WALLET is not only a wallet, but also a comprehensive payment platform. It integrates numerous payment related services within the Platon ecosystem, such as cross-border remittance, stablecoin exchange, wealth management value-added, QR code payment, etc. The integration of these services enables TOP WALLET to meet the diverse payment needs of users.
With the help of TOP WALLET, PlatON has also launched the ZKPAY payment method, allowing each stablecoin holder to issue their own Smart Money, a new form of currency that can be transferred and paid in all retail scenarios through QR codes, NFC, and other methods. At the press conference, PlatON vividly demonstrated face-to-face transfer, POS QR code payment, NFC touch screen payment, etc. to the attending guests through TOP WALLET.
The ZKPAY payment method and its Smart Money concept launched by Platon mark an innovation in the field of digital currency. By integrating TOP WALLET, PlatON not only provides users with more convenient and secure payment methods, but also greatly expands the application scenarios of digital currency, making it more closely related to people’s daily lives.
As a new form of currency, Smart Money’s core value lies in its intelligence and programmability. This means that holders can customize currency that meets their specific needs and seamlessly make payments in various retail scenarios. This flexibility not only improves payment efficiency, but also enhances the currency’s applicability and user experience.
At the press conference, PlatON showcased the convenience and diversity of ZKPAY payment methods through a live demonstration by TOP WALLET. The face-to-face transfer function allows users to complete fund transfers with simple operations, without the need for cumbersome bank transfer processes or waiting times. POS QR code payment allows users to complete payments by simply scanning the QR code while shopping, greatly improving payment speed and convenience. NFC touchscreen payment simplifies the payment process to the extreme, as users only need to bring their phones close to the payment terminal to complete the payment. This provides a new attempt for decentralized wallets to adapt to payment scenarios and experiences, and also allows more users who are not familiar with digital currencies to easily integrate them into their daily lives.