Arcturus Pay

The intent of Arcturus Pay is to create an alternative protocol for processing cryptocurrency payments, providing a different set of tradeoffs that we believe will be very useful for a wide range of payment applications. Arcturus Pay places particular emphasis on situations where rapid transaction processing, security for small and micro-transactions, and the seamless integration of various payment systems are important.

Arcturus Pay achieves this by building what is essentially the ultimate abstract foundational layer for payment processing: a blockchain-based platform with a built-in capability to handle multiple cryptocurrencies, including Arcturus coin and approved tokens within the Arcturus chain. This allows anyone to set up payment gateways and systems where they can define their own arbitrary rules for transaction processing, fee structures, and payment verification methods.

For example, a basic version of a cryptocurrency payment gateway can be set up with minimal configuration, and more complex systems, such as multi-currency wallets and integrated financial services, can be built with additional customization. Smart contracts, cryptographic "boxes" that execute payments and transfers only when specific conditions are met, can be deployed on top of the platform, offering significantly more functionality than traditional payment processors. This is due to the added capabilities of blockchain technology, such as immutability, transparency, and decentralized consensus, which ensure the integrity and security of transactions.