Developers Launch the First Hosted Noncustodial Payment Processor for Bitcoin Cash Payments – Technology Bitcoin News

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Developers Launch the First Hosted Noncustodial Payment Processor for Bitcoin Cash Payments – Technology Bitcoin News

Bitcoin Cash supporters were recently introduced to a new deposit-free payment processor, Prompt.Cash. The platform provides merchants with an easy way to accept peer-to-peer electronic cash payments and can generate a new address for each invoice.

Quick.cash : Hosted giro payments system for P2P acceptance of e-money

A number of innovative applications using the cryptocurrency Bitcoin (BCH) are on the horizon. Recently, BCH enthusiasts have discovered a newly created payment processor called prompt.cash, a platform that allows you to accept BCH without typing.

The lead developer of the project is a well-known programmer named Ekliptor. The company has over 16 years of coding experience and has been working with bitcoin payment systems for many years. The engineer also developed cashtippr.com, a WordPress plugin that allows website owners to receive tips instantly.

Developers Launch the First Hosted Noncustodial Payment Processor for Bitcoin Cash Payments – Technology Bitcoin News

Speaking to Bitcoin.com’s newsroom, Ekliptor explained why he started working on the payment processor prompt.cash. In my experience, many people in the BCH community have asked for a simpler solution that they can publish to non-Wordpress sites in a minute by simply copying and pasting, Ecliptor said.

Stored payment processors (our competitors) are like a bank, the developer added. The money they receive is theirs, and the merchant can then withdraw it into his own wallet (or not, in case of compliance issues or security breaches). Our non-castodial processor operates as a software as a service, not a bank. This means that every payment goes directly to the merchant’s wallet. We cannot freeze or withhold traders’ money because we are not part of the market, he said.

Ecliptor continues:

And all in a more convenient and even simpler setup than the deposit processors without the usual bank/Kyrgyz documentation.

Digital entrepreneurs donate to Prompt.cash Flipstarter

Prompt.cash is also collected on Flipstarter, where developers are collecting 390 BCH. Flipstarter’s description states that the Prompt.cash team’s platform is the first hosted software as a service for processing non-transferable payments.

The app] enables unbureaucratic integration and allows our merchants to integrate with us in minutes, the Flipstarter developer says. We have already implemented a working payment processor in Go that follows best practices and code standards.

Developers Launch the First Hosted Noncustodial Payment Processor for Bitcoin Cash Payments – Technology Bitcoin News

So far, the Prompt.cash project has raised 206 BCH, or more than $100,000 in Bitcoin Cash. Roger Wehr, founder of Bitcoin.com and angel investor, submitted a draft of 101.15 BCH. Well-known digital entrepreneur Kim Dotcom has submitted a BCH100.8 project to Prompt.cash. Exciting times, added the creator of content monetization platform K.Im in his comments.

Flipstarter also notes that the Prompt.cash offer has been active for about a month now, with 50 merchants signed up so far. Bitcoin.com readers can read more about the Prompt.cash project and the Flipstarter funding campaign here.

What do you think of the unlicensed Prompt.cash payment processing project? Let us know what you think in the comments below.

Tags in this story

BCH, BCH merchants, bitcoin cash, bitcoin cash BCH, cashtippr.com, Ekliptor, Flipstarter, fundraising, Kim Dotcom, merchants, no deposit payment system, Roger Ver, software-as-a-service

Photo credit: Shutterstock, Pixabay, Wiki Commons, Prompt.cash, Flipstarter,

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Emilia James
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