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Published in:
2024 | OriginalPaper | Chapter
Blockchain-Based Cryptocurrency Payment System Model for Business-To-Consumer E-Commerce Platforms
Authors : Prashnatita Pal, Bikash Chandra Sahana, Jayanta Poray, Rituparna Bhattacharya
Published in: Cryptology and Network Security with Machine Learning
Publisher: Springer Nature Singapore
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Abstract
Payment gateways are necessary for securing online transactions on e-commerce platforms, but there is still a problem with the restricted use of cryptocurrency as a payment method. Due to lengthy confirmation periods and fees, scalability concerns on blockchain networks like Bitcoin and Ethereum prevent the implementation of micropayments. With the help of a method of payment that makes use of the benefits of the Polygon distributed ledger network for quick and affordable transactions, we suggest a method of payment that gets beyond these restrictions in this article. The MetaMask electronic wallet securely manages user transaction data, enabling privacy and independence. The solution aims to encourage wider utilization of cryptocurrencies in online shopping by combining blockchain innovations with electronic wallets. The figures obtained demonstrate the advantages that retailers can have as a result.