IronWeave Pay: Next Gen Payments
What is IronWeave Pay?
See today how tomorrow's payments will be made
Payments settle in seconds with privacy, security, and compliance.
Transactions take place on Private-Shared-Blocks (PSB) that provide complete control over who can see any transaction.
IronWeave Pay = DeFi + TradFi
You are in control of who, or what entity, sees your financial footprint. Blockchains are transparent, often too transparent. Maintain your privacy in a compliant way.
Our Team
The IronWeave team has years of experience building and maintaining compliant Fortune 50 FinTech and Fortune 50 insurance systems. Their experiences and skills are the perfect match to lead this ultra-technical and regulatory environment as we bridge traditional finance and the Web3 realm.
Payments Reimagined
Consumer Global Payment Reach, Private by Default
Institutions Built-In Compliance MechanismsechanismsKYC and AML on the block Level
Investors Control What Information to Share with Each Transaction.
Benefits The IronWeave Payments Way
- Private by default On IronWeave, neither chains nor blocks are publicly visible. Users define private or public block categories for secure data exchange and immutable interactions.
- Compliance Mechanisms You define private or public block categories for secure data exchange and immutable interactions. So you can be compliant whatever the regulatory context.
- Low Fees IronWeave’s architecture is designed to massively scale so you can be assured of low transaction fees.
IronWeave Pay Benefits Unleashed
- Enhanced Performance: High transaction rates (similar to TPS) enable faster and smoother interactions.
- Interoperability: Seamless integration with existing systems facilitates diverse applications.
- Unleashing Innovation: Developers can build blockchain applications without running nodes, fostering innovation.
Why Is It Needed and How Is It Different
Let’s be honest. Right now moving money electronically sucks. (we have full mastery over financial terms) It takes anywhere from 1 to 5 business days to move funds in the traditional finance world (TradFi).
On the major blockchain platforms, every transaction is on a publicly visible record. We don’t have to accept either option.
We don’t have to live with these obsolete systems or let the world see transactions that should be private.
Replacing these systems with a fast, secure, private, and decentralized model is possible today. It’s not a futuristic fantasy. IronWeave’s PSB data architecture is an improvement in speed, security, privacy, and personal control over how payments are made.
And because it is decentralized you’ll be paying much lower fees for much better results.
The Major Benefits of IronWeave Pay
Consumers
Whether you’re paying someone across the country or across the globe, you won’t have to wait for the payment to settle, while the bank uses your money, free of charge. And you won’t have to pay hefty fees for moving your money. Equally important, it’s private by default.
Institutions
Business to business fund transfers require privacy, security, and fast settlement times. Transfers need to be auditable to be compliant with tax and financial reporting regulations. The IronWeave Pay team has years of experience building and maintaining compliant Fortune 50 FinTech and Fortune 50 insurance companies.
Investors
How big is this market? The SWIFT system alone executes 50 million transactions per day. That’s 18.5 billion transactions a year with an estimated value of $5 Trillion (USD) per day or $1.25 Quadrillion per year. (1 Quadrillion has 15 zeros) We expect to take a meaningful share of those zeros and that’s not nothing.
Benefits of IronWeave Architecture
The basic idea behind how IronWeave is structured is not really complicated. Yes, we agree, the devil is in the details. But we’ll save the details for another page. Here’s an overview.
Instead of linear blocks (as with traditional chains such as Ethereum, Cosmos, Cardano), IronWeave allows an unlimited number of multiple chains to be created on the platform. (We’re calling it the fabric). Each chain can create private, shared blocks independently of others.
This allows participating chains to interact with one another. These private-shared-blocks connect independent blockchains, forming a flexible, secure fabric.
Each block-in-common contains unique hashes from participants, guaranteeing immutability and security.
Benefits Unleashed:
- Enhanced Performance: High transaction rates (similar to TPS) enable faster and smoother interactions.
- Interoperability: Seamless integration with existing systems facilitates diverse applications.
- Unleashing Innovation: Developers can build blockchain applications without running nodes, fostering innovation.
If you would like to be part of bringing IronWeave Pay to market, reach out. We’d love to hear from you. Reach out to tim@upheaval.io