Terra vs LITEX vs Mazalit
What problem does this service solve?
Terra's goal is to make it easier to integrate Crypto payments with existing banking systems. | LiteX aims to create the technology layer that will enable off-chain micro-payments. | Mazalit is a payment platform that allows instant mobile payments, escrow services, and other billing services within the jewelry industry. |
Token Stats
Not Relevant |
Company Description
The Terra blockchain is used to record transactions for its price-stable cryptocurrency. Terra is a South Korean company that is focused on leveraging blockchain to facilitate stablecoin payments for a variety of decentralized apps in Asia. The company has partnered with payment gateways such as CHAI and Meme Pay, to enable users to send blockchain-based payments with direct banking integrations, allowing anyone with a local bank account to instantly send stablecoin payments that are pegged 1:1 with their local currencies. | LITEX is developing a layer 2 technology that will facilitate decentralized payments that can be handled off chain. The LITEX network is currently powered by the Ethereum-based LXT token. | Mazalit is developing a B2B payment platform for the diamond and jewelry industry. They hope to integrate blockchain technology to enable instant mobile payment, escrow services, and credit services. Their goal is to provide a payment service that will reduce risk and costs for the industry, while also increasing transparency, security and legitimacy with regulators. |