As the world moves towards a cashless society, cryptocurrency payments are becoming more popular among businesses. Bridge Oracle token (BRG) stands out among other cryptocurrencies, thanks to its innovative blockchain technology, low transaction fees, and fast processing times. In this article, we’ll explore how businesses can leverage BRG payments to enhance their payment systems and tap into the growing demand for cryptocurrency transactions. By embracing BRG payments, businesses can stay ahead of the competition, improve their customer experience, and pave the way for a brighter digital future.
- Bridge Oracle is a blockchain-based platform that provides reliable and authentic real-world data to DApps.
- BRG is the native cryptocurrency of the Bridge Oracle platform, used for payment and value transfer.
- Bridge Oracle’s architecture ensures the integrity and accessibility of the data.
- There are various use cases for BRG in daily life, including payments, donations, and payouts. They can be conducted with the help of NOWPayments’ tools.
What Is Bridge Oracle and BRG Crypto?
Bridge Oracle is a blockchain-based platform that provides reliable and authentic real-world data to decentralized applications (DApps) using a secure and reliable oracle system.
The platform aims to solve the problem of trust between smart contracts and external sources by ensuring that the data is authentic, reliable, and tamper-proof. The native cryptocurrency of the Bridge Oracle platform is the BRG token, which is used for payment and value transfer. BRG is built on the Binance Smart Chain (BSC) blockchain, making it compatible with most BSC-based wallets and exchanges.
Bridge Oracle offers real-world data to decentralized applications (DApps) using a secure and reliable oracle system. The platform aims to solve the problem of trust between smart contracts and external sources by ensuring that the data is authentic, reliable, and tamper-proof. With Bridge Oracle, DApps can access external data in real time, enabling them to execute transactions that depend on real-world events.
By combining off-chain infrastructure with on-chain code, decentralized Oracle network (DONs) enables the creation of hybrid smart contracts that facilitate the development of sophisticated decentralized applications (DApps). These DApps are designed to be responsive to real-world events and can interact with traditional systems, making them versatile tools for a wide range of applications.
Bridge Oracle has a variety of use cases including but not limited to:
- Supply chain management: Bridge Oracle can be used to track goods and materials as they move through the supply chain, providing real-time data to smart contracts.
- Financial services: Bridge Oracle can be used to provide accurate and up-to-date financial data to smart contracts, enabling the creation of decentralized financial applications.
- Gaming: Bridge Oracle can be used to provide external data to smart contracts in gaming applications, creating a more immersive and interactive experience for players.
- Insurance: Bridge Oracle can be used to provide real-time data on insurance claims, enabling faster and more efficient claims processing.
The BRG token is a BSC token that is used as a utility token within the Bridge Oracle ecosystem. It can be used to pay for oracle services, and also serves as a governance token for the Decentralized Oracle Network. Holders of BRG tokens can participate in network governance and have a say in important decisions related to the network’s development. The total supply of BRG tokens is limited to 10 billion, with a significant portion allocated for distribution as rewards to users and validators. BRG is used as a utility token within the Bridge Oracle ecosystem, allowing users to pay for oracle services and participate in network governance.
Payments, donations, and payouts
NOWPayments is a BRG payment gateway that facilitates the acceptance of Bridge Oracle token as payment or donation in a simple and convenient manner, as well as facilitate payouts. As a non-custodial service, NOWPayments ensures complete decentralization and transparency in payment processing, which means users receive their funds instantly without delays since NOWPayments does not hold their assets. NOWPayments offers a range of payment, donation, and payout tools to cater to the needs of different organizations, and there are no setup fees charged for using the service. The only fee users need to pay is a 0.5% charge per transaction processed by NOWPayments as well as BRG own network fees.
How Can I Accept BRG Payments?
NOWPayments offers a range of tools to businesses for accepting payments in BRG tokens, including eCommerce plugins, payment link and a PoS terminal, recurring invoicing, custodial recurring payments, API, and payouts.
- eCommerce plugins are compatible with major eCommerce platforms such as Shopify, Magento 2, PrestaShop, WooCommerce, OpenCart, Zen Cart, Shopware, and WHMCS.
- Payment link and a virtual Point-of-Sale terminal allow businesses to accept payments in BRG tokens.
- Businesses may need to deploy special recurring invoices to automate their billing processes, and NOWPayments’ custodial recurring payments feature allows them to create separate billing accounts for their customers, which can be topped up with BRG tokens or other cryptocurrencies of their choice.
- NOWPayments’ versatile API enables businesses to create custom crypto payment solutions that cater to their specific needs, and businesses can easily send mass payouts, such as salaries, bonuses, rewards, or rebates, to as many addresses as required.
To create your BRG payment link with NOWPayments, follow these steps:
1. Register for a NOWPayments account.
2. Enter your public BRG crypto address.
3. Press “Create payment link.”
4. Enter the details of your payment link.
In summary, Bridge Oracle offers a solution to the problem of trust between smart contracts and external sources, enabling DApps to execute complex transactions that respond to real-world events. BRG is the native cryptocurrency of the Bridge Oracle platform. NOWPayments is a BRG payment gateway that facilitates payments, donations, and payouts in a simple and convenient manner. NOWPayments offers a range of tools to businesses for accepting payments in BRG tokens, including eCommerce plugins, payment link and a PoS terminal, recurring invoicing, custodial recurring payments, API, and payout