Newark, California, USA – 09/27/2022 (PR Distribution™) –
Traders today pay huge fees: transaction costs, foreign exchange. Conversion, plus additional markups in the commission-based trading services industry model. It is our mission to reduce the cost of doing business with electronic payments with a zero transaction fee model. We offer access to a DeFi solution that helps strengthen the financial position of merchants, projects and independent creative producers by enabling them to sell products and services seamlessly via the payment network.
That Atellix network is a DeFi project providing a payment gateway for traders, projects and independent creative producers. Founded by Michael Frager, CEO, and Prarashray Rai, CMO, we wanted to find a better way for traders to transact on the low-cost, modern blockchain systems now available, such as Solana and others. Our AtellixPay™ payment system enables merchants such as DAOs, NFT marketplaces, eCommerce, SaaS and more to start accepting stablecoins and Solana SOL tokens as payments.
With AtellixPay™, merchants price their orders in US dollars and can withdraw USDC stablecoins at will. AtellixPay™ provides automated token exchange, allowing merchants to accept payments in Solana SOL and instantly receive the equivalent USD value in stablecoins. This process is made possible by the on-chain token exchanges running on the Solana blockchain.
As well as a simple and fast checkout process that can be attached to any shopping cart, the Atellix network can also create recurring payments through our Solana smart contract. Recurring payments can be adjusted in our merchant portal. Merchants can create checkout links or integrate our API directly into their shop.
In the past three years, there have been major developments in blockchain technology that have created new avenues for commerce that we are very excited about. First, the introduction of Solana, a blockchain that has reduced transaction costs and the energy consumption to process a transaction. Solana uses less than 1/10th the energy of traditional blockchain systems and is highly competitive with current merchant payment offerings from PayPal, Stripe, and others. Second, the growth of USDC, a fully reserved stablecoin with active liquidity pools and free off-ramps on cryptocurrency exchanges like Coinbase and Juno, allows traders to easily transfer on-chain payments to regular bank accounts.
The Atellix Network offers a fully reserved stablecoin, Virtual USD® (symbol “USDV”) on the Solana blockchain. Virtual USD® is compatible with other stablecoins on Solana, such as B. USDC, is interoperable and can be exchanged for 1.00 USDC worth of stablecoins on a 1-for-1 basis.
We are currently running a live beta of our toll-free checkout on Solana and would like to accept the first 100 merchants to try our software starting October 1st, 2022. Projects can register for an account on our website (https://atellix.network). If you have any questions or need more information, please feel free to contact us ([email protected]).
Media contacts:
Company name: Atellix Network
Full Name: Prasray Rai
Telephone: 3176673162
E-mail address: send e-mail
Website: https://atellix.network
For the original news, go to https://www.prdistribution.com/news/atellix-network-launches-zero-fee-solana-checkout-and-virtual-usd-stablecoin/9314674.
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