A credit card number is converted by WinTap into a string of arbitrary characters with no meaning. The token may only be converted back to a valid card number by one party. Furthermore, merchants do not produce tokens. Payment gateways, such as Visa and MasterCard, offer the service of converting card numbers to tokens. Typically, merchants would embed an externally hosted iframe on a checkout page that has boxes for customers to enter credit card information. This iframe's code is provided by WinTap. Credit card information is sent straight to the provider and does not come into contact with the merchant's website.
The Binance Smart Chain (BSC) is a blockchain with smart contracts that runs alongside the Binance Chain. Despite the fact that the two chains are completely interoperable, BSC has the infrastructure in place to stay fully functioning even if Binance Chain goes down. WinTap makes use of the Pull Payment Protocol, which converts the peer-to-peer crypto payment system from a push to a pull protocol. Merchants may use Pull Payment to get WinTap-only features like recurring charging. Merchants may bill for subscriptions, give top-ups, provide customized, dynamic pricing, and accept direct debit payments using WinTap's unique recurring billing approach, which is the only payment system on BSC to do so. Customers and users on the Binance Smart Chain will benefit from a slew of new features, including quicker transaction times and lower gas prices, thanks to the new platform on BSC.
Our transition to Binance Smart Chain, as well as the most recent enhancements available to merchants using our payment service. We believe WinTap is establishing a model system for others to follow as the first crypto payment solution on BSC, with our new liquidity pools, bridge, and decentralization model. WinTap's sophisticated billing solution for businesses comprises a variety of crypto-payment possibilities made possible by the WinTap token. WinTap's solution is ready for deployment by businesses looking to access a broader client base of crypto holders, thanks to a free open-source blockchain-based protocol that decentralizes a complete layer of transaction processing services.
