AEON, the crypto payment solution which debuted its payment protocol by a Telegram bot last year, announced on 6 Feb its partnership with Viction, the layer-1 Blockchain platform. This collaboration will allow users to make offline crypto transactions using Viction’s tokens – $VIC and $C98 – on AEON pay. AEON enables crypto transfers in USDT, ETH, BTC, and PCI, supporting TRX, BSC, ETH, SOL, and ARB networks.
With this partnership. it aims to support offline crypto payments for over 1.5 million merchants in South-East Asian and Global markets, accelerating the adoption of crypto payments in real-world scenarios.
By integrating with the Viction chain, AEON would be able to utilise its innovative infrastructure and higher scalability. Using the Viction World Wide Chain (WWCP), Viction provides seamless asset and data transfer on the fractal-like chains interconnected by its chain protocol. Since its app chains are anchored by a common settlement, it offers ultrahigh throughput, zero-knowledge support for privacy and scalability. Its interoperability and interconnection will further enhance the usability of AEON pay for its users.
Furthermore, Viction unifies the assets by smart contracts on its chain under a shared bridge contract that simplifies liquidity management and enables seamless transactions across the ecosystem. Not only AEON Pay, Viction itself is set to benefit as its tokens – $VIC and $C98 – will now be available in the AEON ecosystem – amplifying its reach and usability. Customers can use these native tokens of Viction for offline spending in activities such as shopping and dining.
AEON Pay’s unified payment mechanism
Aimed at unifying the crypto payments mechanism, it facilitates quick payments for merchants, individual users using various methods such as QR code scanning, exchange accounts linkage and connecting crypto wallets.
Using the efficient experience of Web2 offline QR code payments, AEON pay enables instant payments with QR Codes – displayed by merchants on its DApp.
Payments by linking exchange accounts of users are supported on Coinbase, Robinhood, Binance, Kraken, KuCoin, and Paxos.
Payment through Exchange account
Third option of making payments include connecting users’ existing wallets – with support for Bitget Wallet, MetaMask, Trust Wallet, and Wallet Connect-enabled apps. By this, user’s wallet gets linked to the Scan-to-Pay de-centralised applications (dapps) of AEON pay.
After the successful completion of payment, it deducts transaction fees and settles the payment based on the current market exchange rate. The low-cost, verifiable, and secure payment processing features by AEON can further enhance the development of unified standards in crypto payments – thus, bridging the gap between tradtional real-world transcations and crypto payments.
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With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Brandtalk section, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.
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