[Credit]( https://web.facebook.com/Amepay-114622167001761/)
Introduction
Amepay is a platform offering payment solutions to customers and merchants, and this allows them to interact with a large volume of data and clients’ information. As a network built on decentralized blockchain infrastructure and empowered to function as a transparent platform, Amepay doubles up to provide a reliable and secure database that stores and allows authorized sharing of transaction proceedings. Supported by the Ethereum blockchain and using the ERC-20 token protocol blockchain technology, Amepay will deliver varied data management and storage in a transparent and decentralized manner.
Storage of financial records for customer and merchant
Amepay ensures that the details of transactions and payments made by customers remain stored and safe on the network. This enables the customer to keep track of all their financial activities. Merchants, both small and medium-sized businesses, who use the Amepay platform for their business engagements and purchases, can store their financial records.
[Credit]( https://amepay.io/static/theme-assets/whitepaper/amepay-whitepaper.pdf)
Storage of KYC details
This is the usual security exercise performed by Amepay to verify and confirm the identity of its customers. The network often ensures a periodical update of these details as a routine practice, and this enables transparency within the platform. Amepay uses a high-level of security to provide storage to the sensitive information of its customers and merchants provided for this verification. These details may include full names, photographs, addresses, identification numbers, etc.
Customer and merchant private data
Amepay offers a technology that safeguards the data and private information of its stakeholders. For customers to gain access to the platform and transfer money or perform other transactions, they need to sign up on the Amepay network. This signup process requires the provisions of personal data such as the email address and password. Customers also provide information relating to funds transfer and details of recipients. Likewise, the private data of merchants and their businesses are also accessible on the platform, and Amepay technology secures these delicate details.
Details of Cross-border transaction
One of the services accessible on the Amepay platform is cross-border transactions and this requires the divulging of personal transactional details of both the customer (sender) and the recipient (usually a relative or colleague) in another country. This is another set of data managed by the network and it requires doubled up protection. Bank accounts and card numbers are part of these transaction details and are key information about the financial assets of customers.
[Credit]( https://amepay.io/static/theme-assets/whitepaper/amepay-whitepaper.pdf)
Cryptocurrency and fiat currency data
Customers need to have updates on the current marketplace price index on currency pairings and exchange rates. This information enables stakeholders to make informed and decisive financial decisions when performing transactions. Amepay provides up-to-date information on crypto-to-crypto, fiat-to-crypto, and crypto-to-fiat rates.
Tokenization of assets
Amepay is issuing its blockchain token, AME, to stakeholders, which serves as a medium of trade. This token also represents digital security.
For all these technologies and data management available on the Amepay network, smart contracts are responsible for governing and monitoring them. Through self-implementing and programmed protocols, Amepay can enable these functions and ensure an automatic and seamless operation on the platform, thereby improving general efficiency.
USEFUL LINKS
Website: https://amepay.io
Whitepaper: https://amepay.io/static/theme-assets/whitepaper/amepay-whitepaper.pdf
Telegram: https://t.me/amepay
Twitter: https://twitter.com/ame_pay
Facebook: https://web.facebook.com/Amepay-114622167001761/
Medium: https://medium.com/amepay
LinkedIn: https://www.linkedin.com/company/amepay/
AUTHOR'S DETAILS
Bitcointalk Username: Blesko
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2642410