BlockChyp provides a blockchain-based integrated payments platform that enables secure transactions across multiple digital currencies while ensuring triple encryption for enhanced data protection. The platform streamlines payment processing for businesses, reducing transaction costs and inefficiencies associated with traditional payment systems.
Funding
$2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional payment systems often involve high transaction costs and inefficiencies for businesses, while also presenting security vulnerabilities in data protection. Existing credit card encryption methods have remained largely unchanged for decades, leaving room for enhanced security measures.
Solution
BlockChyp provides an integrated payments platform designed to streamline payment processing for businesses while prioritizing enhanced security. The platform supports debit, credit, and EBT transactions across major card brands, including Visa, MasterCard, American Express, Discover, Diners Club, JCB, and UnionPay. BlockChyp employs a unique triple encryption system to ensure data protection and reduce PCI scope for online payments through tokenization. The system also offers features such as secure gift cards using blockchain technology, the ability to display logos and branding on terminals, customer surveys, contract and signature capture, and line item display.
Target Audience
BlockChyp primarily targets businesses of all sizes seeking a secure and efficient integrated payments platform.
Features
- Support for debit, credit, and EBT transactions across major card brands
- Secure gift cards based on blockchain technology
- Unique triple encryption system for enhanced data protection
- E-commerce and tokenization capabilities for online payments
- Multi-location dashboards for managing multiple business locations
- Customer interaction features such as surveys, contracts, and signature capture
- Line item display with support for line item level discounts
- Tap and Go functionality for contactless payments
- Payment links system