Benefits of End-to-End Payment on Algorand

What is an End-to-End payment? Is it helpful for those who hold Stablecoins? Lastly, who are the participants that is in charge of this project, and what are their roles to make it successful? If you want to know the answers then let me discuss with you the End-to-End Payment on Algorand.

Last year December 23 when the Algorand is enthusiastically wants to share that several of their partners that is also known in building on its high performing platform have come together to bring a seamless digital payments for both merchants and consumers. The latest accomplishments that is been driven by the online retailer Planetwatch. The Planetwatch demonstrate the power of a highly scalable and secure blockchain thru the combination of an innovative tools and services provided by our growing number of organizations that trades on Algorand. The Planetwatch also apply a compelling use case that enables far more efficient, secure, decentralized and cost-effective transactions.

Bleumi Pay and Planetwatch both agree that the Algorand is the best platform for accepting stablecoins and other digital currency due to its speed, transaction finality, small transaction fees and with the fact that it is already integrated with the most widely used stablecoins. Algorand is seen to have a growing number of stablecoins with a wider area of opportunity that opens up on a high performing platform that enables all types of payment transactions that includes micro payments.

Monerium will help you to connect your existing bank account with your Algorand address or create a new IBAN under your name so you can do a seamless transferring of euros over the SEPA network to Algorand, and back, without going through exchanges. Monerium is also the first Electronic Money Institution (EMI) that is authorized to issue electronic money on blockchains and also a license to operate in the European Economic Area and the United Kingdom.

Also by supporting the euro. Monerium, the world’s second most traded currency is playing an instrumental role in bridging the traditional financial system with the Algorand ecosystem. As an Algorand Standard Asset, the euro is part of Bleumi’s offering and also a simple way for Planetwatch to accept euro payments and transfer them seamlessly on- and off-chain.

The benefit of End-to-End payment that I can see as of now is that anyone who holds USDC, ALGO, Monerium’s Euro, or any assets that the Algorand is supporting such as My Algo, will have a privilege to use their digital wallets to checkout in the Planetwatch website and all transactions will settle in under 5 seconds with cost that doesn’t exceed in €0.0001 with a seamlessly transfer of euros from their crypto currency wallet to their bank account without going through an exchange.

Now we all know that Algorand together with PlanetWatch, Bleumi, Monerium and Circle will bring a seamless end-to-end digital payments for its users, the merchants and consumers inside the platform. Here are the further information about the

About Planetwatch with Algorand

Planetwatch is leveraging Algorand by having its speed and scale for the world's first distributed ledger for air quality sensors on an environmentally-friendly blockchain network, this kind of action will result for a decentralizes, incentivizes and gamifies air quality monitoring. The data that is been collected by PlanetWatch air sensors will be transcribed onto Algorand to create an immutable air quality repository that is accessible to all participants. The sensor owners will receive a Planet tokens in exchange for contributing data to the repository. The Planet tokens are also an Algorand Standard Asset (ASA).

About Bleumi with Algorand

Bleumi is using Algorand due to the fact that the protocol offers an unprecedented levels of performance and speed at a fraction of the cost compared to other competing networks that is very essential for everyday payments and payouts in some use cases. Bleumi is also enthusiastic about the opportunity to support Algorand-based Central Bank Digital Currencies that will be held in BleumiPay.

About Monerium with Algorand

Monerium is leveraging Algorand because it incorporates its key features for many mainstream use-cases that includes stateless smart contracts and scaleable proof-of-stake consensus. Due to the support of Monerium on Algorand, the community can use the fully programmable and redeemable e-money across the EU, Iceland, Norway and Liechtenstein in US Dollars, Euros, British Pounds, and Icelandic krona for straightforward regulatory compliance.

About Circle with Algorand

Circle’s USDC is known as the fastest growing full-reserve stablecoin in the world, with 2.3 Billion in circulation and Algorand will be the first blockchain with a stablecoin implementation based on that framework that is Powered by USDC. Circle and USDC needs Algorand to create a foundation that will develop a wide range of scalable, secure and compliant financial applications. The Algorand will also brings unparalleled speed with low transaction fees needed to power those Stablecoins.

About MyAlgo Wallet

MyAlgo is a noncustodial Algorand wallet, it is a web based that supports multiple Algorand wallet with a customizable dashboard. In short the Algorand provides an interface that will help the businesses and consumers to freely interact by providing a simple and secure way to send and receive digital assets, track activity, manage assets and more.

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