Back to Cryptocurrency & Digital Wallet Payments View Capability Diagrams

Core Function for Cryptocurrency & Digital Wallet Payments

Automated core function function supporting Cryptocurrency & Digital Wallet Payments. Part of the Cryptocurrency & Digital Wallet Payments capability.

Business Outcome

time reduction in transaction processing (from 5-10 minutes to 2-5 minutes).

Complexity:

Medium

Time to Value:

3-6 months

Why This Matters

What It Is

Automated core function function supporting Cryptocurrency & Digital Wallet Payments. Part of the Cryptocurrency & Digital Wallet Payments capability.

Current State

(Traditional)

Customer initiates a payment using a cryptocurrency or digital wallet.
The payment request is sent to the payment processor.
The payment processor verifies the transaction details (amount, wallet address, etc.).
The payment processor checks for sufficient funds in the customer's wallet.
If funds are sufficient, the transaction is signed and broadcasted to the blockchain network.
The transaction is confirmed by miners/validators on the network.
The payment processor receives confirmation of the transaction.
The payment processor updates the merchant's account with the transaction details.
A notification is sent to the customer and merchant confirming the transaction completion.
The transaction is recorded in the company's financial systems for accounting purposes.

Characteristics

• Payment Gateway (e.g., Coinbase Commerce, BitPay)
• Blockchain Explorer (e.g., Etherscan)
• Accounting Software (e.g., QuickBooks, Xero)
• ERP Systems (e.g., SAP, Oracle)

Pain Points

⚠ Manual data entry is time-consuming
⚠ Process is error-prone
⚠ Limited visibility into process status
⚠ Scalability issues during peak transaction times.
⚠ User experience can be complicated for non-technical customers.
⚠ Integration challenges with existing financial systems.

Future State

(Agentic)

Customer initiates a payment using a cryptocurrency or digital wallet.
The Orchestrator receives the payment request and delegates tasks to the Verification Agent.
The Verification Agent checks transaction details and wallet balance.
If funds are sufficient, the Verification Agent informs the Orchestrator, which then instructs the Blockchain Interaction Agent to sign and broadcast the transaction.
The Blockchain Interaction Agent monitors for confirmation from the blockchain network.
Upon confirmation, the Notification Agent updates the merchant's account and sends notifications to both customer and merchant.
The Compliance Utility Agent ensures all regulatory checks are met throughout the process.
The transaction is recorded in the company's financial systems for accounting purposes.

Characteristics

• System data
• Historical data

Benefits

✓ Reduces time for Core Function for Cryptocurrency & Digital Wallet Payments
✓ Improves accuracy
✓ Enables automation

Is This Right for You?

50% match

This score is based on general applicability (industry fit, implementation complexity, and ROI potential). Use the Preferences button above to set your industry, role, and company profile for personalized matching.

Why this score:

• Applicable across multiple industries
• Moderate expected business value
• Time to value: 3-6 months
• (Score based on general applicability - set preferences for personalized matching)