Ethereum Network

BlockATM supports the Ethereum network, enabling cryptocurrency payments with ERC-20 stablecoins. Which allows BlockATM merchants greater opportunities to accept cryptocurrency from a wider customer base.

BlockATM has implemented WEB3 wallet functionality on the backend to securely store customers' balances and conduct transactions on the Ethereum blockchain. Smart contracts are deployed to handle settlements and regulate funds flow between customers, merchants, and BlockATM.

Customers can now pay for goods and services at BlockATM-enabled stores using ERC-20 stablecoins. The payment process remains seamless, instantly occurring through smart contracts.

For merchants, accepting ERC-20 stablecoins opens up new revenue streams and affords benefits such as reduced processing fees. Settlements are guaranteed through the transparency of the Ethereum public ledger.