The payment system of today is more complex than ever, and high processing fees are associated with long settlement times.

Web3 is changing payments

The main difference between web2 and web3 payment infrastructure is decentralization, and web2’s payment infrastructure relies on centralized banking systems that exclude people who don’t have formal bank accounts. On the other hand, web3 payments made using blockchain and cryptocurrencies are available to everyone without the need for intermediaries.

Multi-account

An individual is eligible to have only one 'Basic Savings Bank Deposit Account' in one bank but Metapay makes it possible to use more than one account with app.

Web3 payments enable money to be transferred without the use of intermediary companies. It keeps intact the privacy and democracy of the platform.

Trust is another advantage of the web3 payment infrastructure, and participants can communicate privately and publicly with one another without the assistance of a third party. Smart contracts are self-executing and can only be run when certain conditions are met.

The key to incentivizing the work necessary to make Web 3.0 a success is the use of cryptocurrencies or digital tokens. They will fund dApp developers activities, reward content creators and generally be used to transact value between all stakeholders in the ecosystem.

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