PDX Global schedules live beta test for rapid crypto-to-cash payment platform on Dec. 19

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As a seasoned researcher with a keen interest in the intersection of technology and finance, I find PDX Global’s upcoming launch of PDX Beam incredibly intriguing. With five years of development behind it, this end-to-end payment transaction platform promises to revolutionize the way we handle cryptocurrencies, particularly for everyday use.

International digital banking company, PDX Global, intends to initiate a real-time trial for PDX Beam, a versatile system capable of transforming numerous cryptocurrencies into traditional currencies (fiat) and executing financial transactions instantly.

PDX Beam is poised to debut as the first comprehensive payment transaction system and crypto-to-cash conversion platform for both merchants and customers. The creators, PDX Global, have completed testing of the app and announced that it will be available for a live public beta test on December 19th.

Based on a recent press release from crypto.news, PDX Beam provides an immediate cryptocurrency-to-cash transaction service directly through its blockchain platform. This eliminates the need for conventional intermediaries like credit cards and banks. When the app becomes publicly available, users will be able to bypass banking fees and payment hold-ups by swiftly converting their cryptocurrencies into cash within seconds using PDX Beam.

Users just need to register with PDX Beam and connect their digital wallet. This app enables users to make crypto transactions, whether in physical stores or online, by automatically converting their cryptocurrency into local currency after deducting any necessary gas fees for blockchain network usage. The advantage is that users don’t need a specific exchange account to complete their purchases.

Alternatively, merchants can accept cryptocurrency payments from customers without needing their own crypto accounts or dealing directly with the digital currency aspect. This is possible because PDX Beam is connected to point-of-sale systems and business software, which means it handles the transactions for them. Moreover, the app is preparing to support both physical and online purchases on platforms like Clover and Shopify.

As a researcher delving into this field, I am exploring ways to bridge the divide between conventional and digital currencies. My aim is to extend the practical applications of cryptocurrencies, making them a viable option for everyday transactions.

Following half a decade of refinement, our latest tests have demonstrated that this application can execute real-time, end-to-end payment transfers without any complications within 30 seconds or fewer. We anticipate that when we release the platform, it will be capable of finishing transactions in as little as 15 seconds.

The head of PDX Global, Shane Rodgers, mentioned that many businesses think they need to invest a large sum into cryptocurrency payment systems before they can take crypto from customers. However, with PDX Beam, merchants can easily integrate the app into their existing systems using any POS terminal that has an API or QR scanning feature, without incurring extra costs for accepting crypto payments.

According to Rodgers, transactions may be processed and settled immediately using real-time instant payment or through same-day Automated Clearing House (ACH) transfer. This choice allows merchants to significantly lower the costs associated with debit or credit card transactions by reducing fees to just a fraction of their original amount.

Based on a recent Deloitte survey, about 85% of American merchants anticipate that cryptocurrencies will be commonly used for everyday transactions within the next few years. As of now, roughly 2,352 U.S. businesses are already accepting Bitcoin (BTC) as a payment method.

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2024-12-18 11:12