Product
Travel Token Payment
Digital payments. Traceable in seconds.
Travel Token Payment connects blockchain-based payments with the TTM platform and enables fast, transparent and automated payment flows between the parties involved.
Payments are processed through a regulated payment partner. The amount is represented digitally at a 1:1 ratio to the euro.
How Travel Token Payment works.
- 01
Connection
The payment route is set up with the regulated payment partner and linked to the relevant TTM account.
- 02
Euro, represented digitally
The payment partner represents the amount intended for payment digitally, at a 1:1 ratio to the euro. This representation is not traded within Travel Token Payment; it serves only to settle the respective payment flow.
- 03
Smart Contract controls the payment
The rules of the payment process are defined in a smart contract and executed automatically.
- 04
Payment & Transparency
The transaction takes place within seconds. At the same time, it is immediately traceable who bought or sold which service and when.
Less administration. Direct cash flow.
Because purchase, payment and allocation are directly connected, traditional downstream processes can, depending on the use case, be significantly reduced or avoided:
- No separate invoicing.
- No manual payment allocation.
- No outstanding payment overviews.
- No traditional dunning process.
Transactions are directly allocated and documented transparently.
- Transaction in seconds
- Direct allocation
- Less administration
- Direct cash flow
Pay fast. Allocate automatically. Track directly.
For digital services, transactions and processes to be connected reliably, TTM needs a shared technical infrastructure.