KryptoPal Platform Features
KryptoX is the simple global solution for the future of payments, remittances and currency conversion. Our goal is to simplify the process by offering a Software Development Kit (SDK) that allows transmission of any currency, anywhere in the world and at any time of day. Below, we describe our platform’s defining strengths.
The SDK was designed to provide the smoothest introduction to cryptocurrency possible. This means that an application provider can introduce cryptocurrency transactions to their existing application without worrying about how a blockchain works or how to manage already existing blockchain accounts.
KryptoPal platform is designed to enable end-users to securely store their private key in an accessible location on their device, rather than in a centralized location. This ensures the KryptoPal platform is in full alignment with removing central points of failure, allowing the end-user to control his or her own funds.
Open Source and Scalable
The specification for both the SDK and the API is defined in a single file. This specification is then run through a code generation library that parses the file and generates an API server stub, a data population script for population points, and 30+ programming languages for clients to choose and operate from.
Application Developer / Provider Benefits
KryptoPal empowers worldwide application providers, their end-users and consumers to enjoy many of the benefits of blockchain technology through our SDK.
KryptoPal can monetize every transaction put through the KryptoPal Platform and can generate additional revenue by receiving commissions as to each customer transaction.
Instant Global Access:
KryptoPal allows end-users and consumers to perform cryptocurrency transactions with anyone around so developers can promote their application(s) internationally.
Faster & Cheaper Services:
By using KryptoPal and its global network, faster currency transfers can be facilitated seamlessly using cryptocurrency at very cheaper costs.
Customizable Smart Contracts:
Developers can create and customize smart contracts that have significant flexibility to change the terms and conditions and fee structure.
Higher Customer Retention:
KryptoPal provides customer retention tools, like cryptocurrency-based rewards, by awarding tokens and/or loyalty points to the global consumers.
Utilize the Network:
Through our token launch event, marketing efforts and partnerships, we will continue to attract individuals, businesses and application providers globally.
If a bank or financial service provider has their own mobile app and they want to provide crypto related services to their consumers, they can simply integrate our SDK and facilitate all these features. See below for sample screens:
A bank app is integrated with our SDK here.
The KryptoPal button is present once the app is integrated.
Various features are available for the consumers to perform crypto transactions.
How a financial app provider performs money transfer transactions using our SDK
If a bank has their own mobile or web app and they want to offer money transfer services to their consumers, they can simply integrate our SDK and facilitate this service. Please see below for sample screens:
A bank app called FinPay is integrated with, and powered by KryptoPal’s SDK.
A bank consumer Bob decides to send $1,000 to his designer in India.
Our SDK automatically converts $1,000 to ETH and allows him to send the payment.
Bob can select his designer, Ms. Rani Patel from his contacts list and send the ETH.
Ms. Patel can use her wallet app PaisaPay in India (which is powered by KryptoPal) and see the transaction.
Ms. Patel can transfer ETH into her local wallet and fiat currency (63,000 INR).
How gaming apps can accept cryptocurrency
Games application providers can integrate our SDK and provide cryptocurrency transaction features as shown below:
A game application is integrated with KryptoPal‘s SDK.
Users can buy points and other features using cryptocurrency instead of their credit card when playing the game.
Users now have the new payment option i.e. to pay using KryptoPal’s cryptocurrency token: KPX.
How eCommerce apps can accept cryptocurrency as an additional payment method
eCommerce application providers can integrate our SDK and provide cryptocurrency transaction features as shown below:
Nancy is shopping on her favorite ecommerce app, which is integrated and powered with KryptoPal.
Nancy finished her online shopping, added all items to her cart and is ready to pay.
Because the app is integrated with KryptoPal Nancy has a new payment option i.e. to pay using our cryptocurrency KPX token. Simple!
How KryptoPal Powered app consumers transact with each other globally
Bob lives in the USA and Alice lives in Mexico: Bob is sending $500 USD to Alice and if both are using their favorite local mobile apps powered by KryptoPal, they can transfer cryptocurrency in seconds within the apps:
Step 1: When Bob initiates the transfer of $500 USD to Alice, the money is automatically converted into the equivalent amount of ETH (Ether).
Step 2: Alice receives the equivalent amount of ETH in seconds into her local mobile app.
Step 3: Alice can transfer these ETH into her local bank account using her favorite mobile app. The conversion process from ETH to Mexican Pesos will be done within the app.