Coinduck is the world’s first Ethereum-based payment service and Korea’s No. 1 payment service using cryptocurrency. The service is embedded in Samsung Galaxy S10. This simplified cryptocurrency payment service does not require any additional device or app other than a URL.
1. Compatibility with all exchanges and wallets
By adopting the on-chain transaction technology, Coinduck payment service is compatible with all kinds of cryptocurrency wallets and exchanges around the world. It allows faster transaction approvals by utilizing a transaction classification technology.
2. Enhanced security enabled by blockchain
The blockchain technology records every transaction on the public ledger. This prevents counterfeiting or tampering. In addition, the process protects transaction details and counterparty information by adopting a server encryption feature as secure as that of financial firms. This prevents deposit and withdrawal accidents by processing settlement through major domestic banks.
3. Quick and accurate KRW settlement
Adoption of the spot trading system enables payments to be immediately converted to Korean Won. In addition, the cost of changes in cryptocurrency values will be borne by Coinduck and all payments are settled in Korean Won within 24 hours.
4. Convenient features
Users can easily make payments through URL without downloading an application and they can manage their transaction history by real-time payment notifications and transaction management dashboard. No fees will be charged until the monthly payment reaches $1,800.