Crypto Payments Coexisting with Traditional Payment System with Ivan Ravlich

The DIVI Crypto Podcast

In this episode of The DIVI Crypto Podcast, we are talking with Ivan Ravlich, Co-founder and CEO of Hypernet Labs. The Hypent Protocol provides simple to use, easy to integrate, non-custodial decentralized protocol for digital identity, and scalable token agnostic payments. Hypernet Labs believes that: the world economy will be changed by blockchain technology; cryptocurrency transactions for goods and services should feel familiar and simple; developers shouldn’t need web 3.0 experience to incorporate crypto payments into their products; and consumers and merchants should have the option to choose their transaction currencies irrespective of the base chain. The Hypernet.ID is a frictionless and auditable method for authenticating and identifying customers on-chain. Users can use their NFT to affirm their identity on any supported dApp project. The Hypernet.ID can take only minutes to create, and seconds to use. Hypernet.ID mints the NFT on the blockchain and can be used directly with the smart contracts of any dApp. Galileo demonstrates how crypto payments can coexist with other payment options in a traditional payment system. Other than choosing Hypernet as the payment method, it’s as easy as paying with a credit card. The time on software and hardware can be purchased using crypto currencies. Marketplace vendors of both hardware and software can be paid via crypto. These elements allow merchants to securely accept cryptocurrency payments in their online platforms with little code intrusion and without needing knowledge of Web3 technology and digital assets, and complies with various regulations regarding electronic funds transfer. A key aspect of the Hypernet Protocol is digital identity. The main recognition data structure of the Hypernet Protocol is the Non-Fungible Registry (NFR); instances of which are deployed through the registry factory contract. Every new NFR stores its state in a proxy layer, and calls to that proxy layer are designated to an implementation contract distributed by all copies of the primary beacon implementation. Non-Fungible Registries are a multi-purpose extension of the EIP721 non-fungible token (NFT) standard and have all of the methods specified by the base standard specification. All roles are implemented through the NFR constructor/initializer, and it is called by the registry factory. Each NFR can grow its registration logic, along with adding novel functionality, with the use of external modules. A module is a stateless external contract, which can become the REGISTRAR_ROLE, extending an NFR's capability in an algorithmic way. Hypernet NFR employs a native mechanism for registration by sending an EIP20-compatible token to the registry. By default, the feature is disabled, but the REGISTRAR_ROLE can set the registration token to an address of an EIP20-compatible token to then enable the feature. https://hypernetlabs.io/ https://www.facebook.com/GoHypernet/ https://twitter.com/gohypernet https://hypernet.medium.com/ https://github.com/GoHypernet/hypernet-protocol -- DIVI is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the DIVI Project blockchain serves as the core of the DIVI network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the DIVI team is able to create solutions to the industry's biggest problem: adoption by non-technical users. DIVI's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.