Overview

AkashicPay: Non-Custodial Crypto Payment Gateway

What is AkashicPay?

AkashicPay is the world's first decentralised Web3 payment solution service, offering a low-fee, non-custodial framework built on AkashicChain technology. By combining the security benefits of cold wallets with the convenience of hot wallets, it creates a direct merchant-to-consumer payment system that streamlines the settlement and payout processes.

This innovative approach makes AkashicPay ideal for both businesses new to cryptocurrency payments and those already integrated with existing centralised solutions. Merchants gain complete control over their assets while benefiting from seamless payment processing, reduced transaction costs, and enhanced security.

Key Features

• Non-Custodial Platform: AkashicPay does not hold any of your assets or keypairs
• High Speed with Low Fees: Industry-leading deposit settlement fee of just 0.1%
• One-to-One Address Mapping: Each end-client receives a dedicated and permanent address
• Trustless Settlement: Based on on-chain smart contracts on AkashicChain
• Automated Processes: Settlement, address management, and withdrawals are all automated through the SDK or SecureAPI
• KeyPair Management: Enhanced security with additional rotatable KeyPair for access management
• Real-Time Settlement: Immediate access to your funds — no waiting for banks to clear

How AkashicPay Works

The AkashicPay system operates through a straightforward process:

1. Deposit Address Generation: Each client receives a unique L1 blockchain address
2. Payment Processing: When funds are sent to the address, they are securely received and are immediately available in your account.
3. Callback Confirmation: The system provides a callback to confirm when funds have been deposited
4. Settlement: Funds are settled according to the payment terms with minimal fees (0.1%)

End-Client/User Experience

When using AkashicPay, each transaction generates a unique deposit address e.g.

TRjE1H8dxypKM1NZRdysbs9wo7huR4bdNz

This address is presented to users along with a QR code for easy scanning:

Deposit Wallet Compatibility

AkashicPay can be used alongside existing wallet solutions:

• Deposits can be made using any compatible third-party wallet or service
  • Supported wallets include MetaMask, TronLink, and other standard blockchain wallets
• Gives your End-Clients flexibility to choose how they top up their balance or send funds to your system.
• We also provide our own wallet solution: AkashicLink
  • If using AkashicLink, users can take advantage of reduced fees if the recipient L1 address to deposit/withdraw from has an associated Akashic L2 address
  • Transactions between AkashicLink users are low cost — Akashic L2 to L2 transactions are 0.1 USD equivalent token.

Security and Control

AkashicPay prioritises security and control through:

• Replacement of private key authentication with KeyPair authorisation.
  • All L1 private keys are managed by the AkashicChain consensus layer
    • Private keys are handled in a non-custodial way through the use of Shamir Secret Sharing.
      • No single entity of the chain has access to your private key
      • No single jurisdiction has access to the majority of the nodes of the chain
  • Owner and API/SDK KeyPair can control multiple crypto assets
  • Treasury KeyPair can approve transactions
• Encrypted wallet security ensuring only you can access your funds
• Blockchain-based security for all transactions and settlements
  • There is an immutable ledger of transactions i.e transaction history cannot be changed

Benefits for Businesses

Implementing AkashicPay provides several advantages:

• Direct Payments: No intermediaries between you and your customers
• Lower Fees: Save significantly on transaction costs compared to traditional payment processors
• Quick Integration: Easy SDK or SecureAPI implementation for developers
• Web3 Compatibility: Future-proof your payment infrastructure
• Enhanced Security: Blockchain-based security without custodial risks
• Open Source SDK and SecureAPI: Payouts are made directly from AkashicChain through the SDK or SecureAPI without AkashicPay's involvement.

Technical Specifications

Feature	Details
Supported Networks	TRC20 / ERC20 / BEP20 / SPL
Deposit Charge	0.1% (or a minimum charge of 0.1 USD equivalent token per transaction)
Gas Fee Delegation	Please refer to AkashicChain's network fees here*
Settlement Period	Real-Time
Deposit Method	QR code / wallet address
Daily Deposit Limit	Unlimited
Service Hours	24/7
Transaction Arrival Time	L1: Tron: ~60-90 seconds Ethereum: ~140-200 seconds BSC: ~12-24 seconds Solana: ~10-20 seconds AkashicChain (L2): instant
Customer Service Support	24/7
Admin Dashboard	Yes
Transaction Monitoring	Yes
Service Targets	Any Industry
Minimum Daily Transaction Upon Account Creation	None
L1 Address Activation Fee	0.5 USD equivalent token (One-time fee on first deposit)
Minimum Viable Deposit	1 USD equivalent token (Deposits below this are not settled)
SDK Support	JavaScript, Java, C#, PHP, Go
SecureAPI Support	Yes

*Gas Fee Delegation is inclusive of actual L1 network gas fee. Please note that minor adjustments will be made regularly based on market conditions as decided through AkashicChain consensus.

Getting Started

To implement AkashicPay in your business:

1. Create an AkashicPay account
2. Integrate the AkashicPay SDK into your application or integrate the AkashicPay's SecureAPI into your application
3. Configure payment settings and callbacks
4. Begin accepting cryptocurrency payments with minimal fees!

For developer documentation and SDK or SecureAPI access, visit our SDK section or SecureAPI section.

Contact Us

For more information about AkashicPay and how it can benefit your business, please contact our team:

• Support