BWMP

Cryptographic Payments: Participants can create and utilize virtual wallet cheques for payments, which are cryptographically secured and stored on the blockchain. Security by Design: Similar to the Secure Trust Payment (STP) system, BWMP ensures that payment initiation and control remain with the transaction’s initiator. This gives participants full control over their funds and ensures that the transaction process remains secure and efficient.

MP (Messaging Payment): This feature enables swift, messaging-based payments, designed to operate on the decentralized blockchain network. MP creates encrypted, decentralized messaging, allowing cross-chain deployable payments that eliminate the need for centralized control. This blockchain-based messaging payment system offers a higher degree of security and asset protection, aligning with Bancafi’s goal of improving overall blockchain payment security. PoA (Point of Agreement): This is an encrypted file document, digitally signed by both the sender and the receiver’s chain networks before any payment is executed. PoA provides transparency and ensures accountability in blockchain transactions. This feature prevents issues such as wrong payments, lost payments, and wallet forgeries by creating an agreement between the two parties before the payment is initiated.

The combination of MP and PoA forms the backbone of secure cross-chain payments within the Bancafi ecosystem. They create a reliable payment structure across different blockchain networks, ensuring that even if funds are sent to the wrong address, the PoA system can help recover them. The MP and PoA payment methods increase transparency, accountability, and asset management across blockchain networks.

In the event of wrong payments, the PoA system makes recovery simple and efficient because both the receiver’s and sender’s networks are aware of the transaction. This feature is crucial in mitigating issues that lead to lost payments or scams, enhancing the overall security of the Bancafi ecosystem.

Another key feature of MP and PoA is the ability to participate in forward credit management. This process enables participants to decide whether to hold payments in their wallets or secure them as blockchain-backed credits. Forward credit payments allow individuals to manage their payments and assets with enhanced flexibility and security.

Receiver Address: The blockchain address of the receiver. PoA Chain 1 Signature: The receiver’s wallet is signed by the PoA, ensuring transparency.
Receiver MP File Order: Available in both off-chain and on-chain formats for optional use. SPM Signature: The Secure Payment Marker (SPM) signature ensures payment security and recovery. Sender Blockchain Network PoA Signature: Valid for networks such as Bancafi, BSC, ETH, TRON, Solana, and Matic.

PoA Chain 2 Signature: Signed by the sender’s wallet for further validation.
SPM Signature Code: For security and verification purposes. Sender Chain Network: Information of the sender’s blockchain network. MP Payment File: This file represents the sender’s payment details, securely stored on the blockchain.

The V-Credit Forward Wallet is a feature exclusively available for Bancafi Block Market (BBM) participants. It allows users to receive payments via a V-credit forward system rather than a direct transfer, where payments are held by the BBM network as credits. These credits can grow over time, providing users with an added benefit of asset appreciation.

Exclusive to Bancafi Users: Available only for Bancafi users, providing a unique benefit for participants in the BBM ecosystem. Flexibility and Security: Payments received through this system can be held securely as credits, offering more flexibility for users in terms of asset management. Asset Growth: Payments held in the V-Credit Forward Wallet can appreciate over time, enhancing the value of the user’s assets. Different from Savings Wallets: The V-Credit Forward Wallet is distinct from standard savings wallets, offering a more dynamic asset management approach within the BBM.