Paying with cryptocurrency sucks - especially with Bitcoin. So, we're building a payment processing company, GatePay,
which enables consumers to spend cryptocurrency in retail (and other) stores instantly, seamlessly, and at a low cost.
GatePay lets you pay with cryptocurrency instantly and at a low
cost. By using double-spend prevention, GatePay users are able
to make and accept zero-confirmation on-chain payments -
a solution tor in-person, online, and P2P payments.
GatePay double-spend prevention mechanism use a brand new
on-chain scaling approach called "insurance transactions" -
allowing people to make instant cryptocurrency payments. This
transaction uses the blockchain mempool layer as a payment
method by scaling blockchain with the blockchain itself,
virtually eliminating a wait time and massively reducing fees it
is a transaction set up by GatePay to be sent to the network on
behalf of the payee should the payer attempt to double-spend,
and thereby removing the payer's incentive to double-spend.