Bytus

Bytus seeks to make cryptocurrency an acceptable payment option as a digital payment platform. The Bytus Private Blockchain has enabled over 1 million retail establishments to accept crypto-based payments for their products or services. This private blockchain has dramatically lowered the necessary bandwidth for block propagation by allowing hundreds of thousands of transactions per second.

Whitepaper

Onepager

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Interest lvl

Lowest

Updated: May 29, 2023

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User Rating

Highest

5/5 • 3 votes

Ticker

BYTS

Type

Utility-token

Token standard

ERC20, BEP20

FoundedUnited States

Registration countryUnited States

Registration year2018

Office address90 Church St. Floor 1 Suite 3514 New York, NY 10007

What is Bytus

A Private Blockchain-based Cryptocurrency Banking System

Bytus wants to change the way people pay today, and the blockchain allows them to do it. It came up with a great idea to use a lot of tokens at the intersection of different currencies.

The system, which includes digital currencies, replaces Master Card and Visa payment methods. In the new ecosystem, everyone can be open and work together as quickly as possible. They can also use more currencies in the same application.

Bytus' goal is to assist retailers in presenting digital currencies as legitimate payment options. It entices new customers who want to pay with cryptocurrency, allowing them to explore new marketplaces. It aims to eliminate the need for a large number of plastic cards by allowing payments to be made through the internet.

Exchanging digital money for fiat cash is complicated and frequently necessitates the use of third-party services. Individuals are exposed to platform-specific weaknesses that malware attackers may exploit if security is weak. Bytus wants to make it safe and easy for people to pay quickly and easily both at payment terminals and online using a QR code.

The Bytus app is equipped with the ability to expedite POS transactions and includes a built-in exchange. It will accept payments in cash or cryptocurrency in real-time. Its key benefit is the trade it provides. It can convert fiat currency to digital currency and vice versa. It may be able to do a meta-analysis that helps with the optimization of the user base and gives the best results, too.