LitVMPay
Non-custodial crypto payments on LitVM. Merchants accept any token and receive their preferred one.
LitVMPay is a non-custodial payment gateway operating on LitVM. According to the official directory, the service is designed to let merchants accept payments in any token while receiving settlement in their preferred asset.
The project's website states that the platform functions by letting merchants generate shareable payment links and QR codes with defined amounts and payment notes. Customers can connect their wallets and pay using any supported ERC-20 token on LitVM. The protocol then converts the payment onchain and settles it directly to the merchant's wallet in their designated receive token, such as a stablecoin or zkLTC. The project reports that it operates on a non-custodial basis with wallet-to-wallet settlements, charges no platform fees, requires no identity verification (KYC), and includes a dashboard for tracking payment history.
Questions
- How does settlement work for merchants using LitVMPay?
- According to the project's website, merchants configure a preferred settlement token, such as a stablecoin or zkLTC. When a customer pays using any supported ERC-20 token, the protocol automatically settles the transaction onchain directly into the merchant's wallet in that selected currency.
- Does LitVMPay require account registration or identity verification?
- The project states that no account creation or KYC identity verification is required, as merchants and payers interact directly by connecting their cryptocurrency wallets.