Place/Date: San Francisco, CA - April 22nd, 2021 at 12:00 pm UTC · 4 min read
Source: Public Mint
Public Mint, the fiat-centric crypto payments platform, and Decentr, the Web3 browser that gives back control over user data, have partnered to deploy a far-reaching product integration between the two projects.
Public Mint will act as the payment and fiat on and off-ramp solution within the Decentr suite of products. Decentr users will be able to transact between crypto and synthetic fiat without having to learn about the complexities and costs involved in operating through crypto exchanges.
Decentr is building a suite of products with the Decentr Web Browser as the flagship. The browser aims to change the user’s relationship with their own personal data, which is currently extracted from users without any kind of compensation. Decentr allows users to control and receive value for sharing their data while browsing, which is secured by a blockchain-based Decentralized ID (DecID). The browser is also set to offer native integrations with Web3, offering a cryptocurrency wallet that allows interacting with Decentralized Finance (DeFi) platforms.
Public Mint will power Decentr’s dPay feature, serving its users with a user-friendly and comprehensive payment platform. By integrating Public Mint’s on-chain and off-chain payment solutions, users will be able to benefit from lightning-fast and cheap payments without necessarily having to interface with the wider, more complex cryptocurrency ecosystem. Public Mint offers native fiat payment rails that are backed by its dedicated blockchain for processing payments.
Through Public Mint, users of Decentr are able to make a payment in fiat and the receiver then obtains the payment in the denomination of their choice, with no specialized cryptocurrency knowledge required for any part of the transaction.
Paulo Rodrigues, CEO of Public Mint, said:
“Public Mint is the natural payment backbone solution for Decentr, and we are excited to be partnering with the project to help users take control of their own data. We believe that a lot of blockchain’s real-world utility has remained hidden beneath the complexity of using cryptocurrency. For us, letting people discover blockchain at their own pace is the key to ensuring sticky adoption.”
Nikita Anikeev, Co-Founder and CTO of Decentr, said:
“Public Mint is an exciting partnership for us, as it will allow the delivery of user-facing payment solutions on our platform that are intuitive and easy to use — especially for users with no special crypto or technical knowledge. Public Mint’s multi-layer approach is perfectly aligned with Decentr’s goals to enable the deployment and transaction of fiat currencies on supported blockchains.”
Public Mint offers a variety of B2C and B2B payment solutions centering on tokenized fiat settled on the Public Mint blockchain. By focusing on fiat from the start, Public Mint is able to offer users from all backgrounds a familiar currency environment, while exposing them to the borderless and frictionless transactions enabled by blockchain technology. The EARN platform is one of Public Mint’s key value propositions for users, allowing them to earn DeFi-level yield while never having to hold crypto directly.
Public Mint is a complete platform for synthetic fiat that is regulated and fully collateralised with funds held on deposit with FDIC-insured financial institutions. Public Mint offers an open fiat-native blockchain and APIs, ready for anyone to build fiat-native applications and accept credit cards, ACH, wire transfers, stablecoins and more. Public Mint’s EARN platform offers users automated and diversified yield on USD assets, leveraging the power of DeFi.
Decentr is a foundational open source decentralised web browser and web3.0 solution that captures the value of secure user data and returns this value as payable, data-backed “currency” to the user. The DEC token is the building block of the entire Decentr Deconomy.
Decentr’s “data-as-value” paradigm means users see a correlated decrease in the cost of products and services bought online, via Decentr and their “dPay” system.