PocketPay
  • White Paper
    • Introduction
    • Challenges in Current Payment Systems
      • Limitations of Existing Digital and Crypto Payment Solutions
      • Interoperability Challenge
      • Usability and Integration Challenges
      • The Gap PocketPay Aims to Fill
    • The PocketPay Solution
      • Overview of PocketPay as a Decentralized Payment Platform
      • Key Features and Benefits
      • Addressing the Identified Problems
    • Technology and Architecture
      • Blockchain Technology Underpinning PocketPay
      • Multi-Chain Support and Its Advantages
      • Security Measures and Data Privacy Protocols
    • Products and Services
      • POS System
      • Mobile Applications
      • Merchant Dashboard
      • Custom Checkout Links
      • Order, Products, and Category Management
      • Third-Party Integration
      • Use Cases
    • How to Get Involved
      • For Merchants:
      • For Investors:
      • Joining the Community and Providing Feedback:
    • Roadmap
      • Past Milestones and Achievements:
      • Short-Term Goals:
      • Long-Term Goals and Future Expansions:
      • Looking Ahead:
    • Legal Considerations
      • Regulatory Considerations
      • Compliance Measures
      • Legal Framework Adherence
  • Product Manual
    • Account Management
      • Create Account
      • Log into Account
    • Dashboard
    • Orders
    • POS
      • Add new Category
      • Add new Product
    • Checkout
      • Create a new Checkout
      • Understanding of Statuses & Action Items
      • Checkout - Payment Process
        • Method 1: Pay with QR
        • Method 2: Pay with Wallet
    • Settings
      • Checkout Settings
      • General Settings
      • POS Merchant Settings
      • POS Terminal Settings
      • Blockchain / Wallet Address Configuration
      • Script Integration
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  1. White Paper
  2. Challenges in Current Payment Systems

Limitations of Existing Digital and Crypto Payment Solutions

Digital and crypto payment solutions introduced the promise of addressing some of these challenges but have introduced new limitations. Scalability remains a critical concern, with many decentralized platforms struggling to process transactions efficiently across diverse Blockchains and various ecosystem tokens, including stable coins. This inefficiency often results in delayed user-to-merchant transactions, undermining the reliability and appeal of crypto payments.

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Last updated 1 year ago