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Genesis

From the beginning of the project, one year ago, it was JustMoney's goal to develop a payment system which would allow the user to purchase goods and services online, and to facilitate the purchase without the vendor needing to accept a wide range of cryptocurrencies.

The concept was to create a system where the user could choose from a large selection of coins or tokens and make payments to companies who only needed to accept one stable coin (for example, the user could spend TRX or BTT and pay a vendor who only accepts USDT). The original plan was to use established, third-party exchanges to do the conversion. However, after finding issues with many exchanges (such as pools which bled liquidity for taxed tokens), we were then compelled to create our own multi-chain, and recently cross-chain, decentralized exchange. Not just a fork of some other famous DEX; JustMoney Swap was built from the ground up to solve the problems that affected other existing decentralized exchanges at that time.

JustMoney - a cross chain decentralized swap and on-chain Web3 payment gateway

JustMoney Swap and JustMoney Pay can be seen as two sides of the same coin. Both are products in their own right, but the two are completely intertwined and symbiotic - each benefitting hugely from the other. This demonstrates our commitment to deliver synergy and interoperability at the heart of our ecosystem; where our powerful core infrastructure stands as the foundation upon which all our other products are built. Multi-chain and cross-chain transactions have become part of our DNA. People can now choose tokens on Tron, Polygon and Binance Smart Chain networks to swap or pay. JustMoney Pay will calculate the exact amount of USDT the vendor requires to complete a given transaction, and will inform the purchaser of the cost of this transaction in their chosen preferred cryptocurrency, before securely completing the transaction through our existing liquidity pools. No centralized parties are involved as middle-men - only smart contracts are dealing with the transaction between the user and merchant.

What has been achieved so far

JustMoney’s payment gateway for e-commerce, JustMoney Pay, launched in June, 2022, and is already live on our first partner’s website - TronNetwork.store.

Payment Interface

Millions of PayPal users worldwide are familiar with being redirected from a vendor's website to the Paypal payment interface when selecting Paypal as their payment method. In a similar style, JustMoney Pay users will be redirected from a vendor’s website to our own highly-scalable, completely secure and easy-to-use payment interface after choosing JustMoney Pay as their preferred payment method. Here, they may select the blockchain network they wish to use, choose which token to pay with, connect their wallet, and authorize the transaction. Unlike the traditional payment gateways, we do not make money by holding the vendor’s or the purchaser's funds in our own account for extended periods of time. Instead the payment happens on-chain and both sides of the payment happen almost instantaneously, releasing the order for immediate processing. Instant clearing.

Interface Payment interface for end-user is simple and clean

E-commerce integration

The payment gateway is an easy to install and easy to use plugin that any merchant can implement in their web-store in order to start immediately accepting crypto payments.

We have already built a plugin for the WooCommerce e-commerce platform and we are now working on creating plugins for Magento and Shopify as well. By 2021 estimates, around 15 million online vendors use one of these three platforms to accept online payments. Once all three plugins are completed, this would give those 15 million vendors the option to accept cryptocurrency as a payment method on their stores, giving countless numbers of customers the option to pay using cryptocurrency as a day-to-day alternative to FIAT cash.

TronNetwork.store has already added our plugin on their WooCommerce site and anyone can now go and purchase any products there and choose JustMoney Pay as the payment provider.

checkout
This is how JustMoney Pay plugin looks like for the end-user on WooCommerce on a checkout page

woocommerce admin
The WooCommerce vendor admin is simple. The Merchant just adds their wallet addresses and enables the plugin! After that they are ready to go.

We have also created an API integration for those who want to do a custom integration. You can find the API documentation from https://pay.just.money/documentation

You can also find the instructions for WooCommerce integration at the same link. The repository for the plugin can be found in https://github.com/justmoney-io/justmoney-pay-woocommerce

Website

We have also come up with a fresh-looking marketing site for JustMoney Pay where we have an introductory video and all the needed information for merchants and users to start using this product. You will also see a test module at the bottom where users can explore the tokens and networks that can be used.

www Our website for JustMoney Pay

This product is JustMoney’s first contribution to promote the mass adoption of cryptocurrencies and we will keep working hard to expand and improve our payment system

Some of our next steps:

One-click Buy Button: Wallet agnostic shopping app designed to speed-up purchases, Universal ledger linking wallet addresses with shipping addresses,

JM Marketplace: A shopping marketplace where goods can be bought or sold, where any token listed on Just.Money Swap could be used as payment.

We can expect the road to mass adoption to be long, and no-doubt the path will be strewn with pitfalls. JustMoney intends to be there every step of the way, working closely with our friends and partners on Tron network and beyond. We know we can make it - together!

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