Daemoney is a unified crypto payments and treasury solution for all online merchants - even those who do not want to accept crypto.
Daemoney utilises the unique capabilities of the Internet Computer to achieve something that has simply not been possible before: a fully-decentralised, 100% on-chain solution for customers to pay for products and services using their choice from a range of crypto assets, with merchant payments settled in the merchant's single preferred asset.
Daemoney is a fusion of two powerful concepts:
Daemoney provides merchants with a complete, decentralised crypto checkout service, hosted entirely on the Internet Computer, that enables customers to pay for goods and services with ICP, BTC, ETH and ERC20 tokens.
Daemoney handles the entirety of the transaction, with dedicated ICP, BTC and EVM workflows signing cross-chain transactions using the Internet Computer's unique chain-key cryptography, making the customer's experience as frictionless as possible.
Today, merchants use payment providers such as PayPal to receive payments from customers in a range of fiat currencies, but receive settled payments in a single nominated currency; the payment provider performs the foreign exchange transparently so the merchant can simply account for all transactions as if they were all in their local preferred currency.
For the first time, Daemoney brings this capability to decentralised crypto payments. Merchants configure which crypto asset(s) they wish to hold, and Daemoney transparently exchanges crypto assets to meet these requirements.
Crucially, with the ability to transact with ERC20 stablecoins, Daemoney enables merchants to accept crypto payments while maintaining zero risk tolerance to crypto price volatility; effectively, merchants are accepting crypto but their payments are settled in fiat!
This is a big deal for mechants of all sizes, from small Internet traders to multinationals; it means that they could accept crypto payments without any of the business accounting complexity introduced by holding crypto assets with volatile pricing.