Puut Wallet is using blockchain and AI to create smart payment systems
Puut Wallet’s blockchain network allows businesses and institutions to securely tokenise and store personal identification in users’ digital wallets. It currently supports the tokenisation of e-invoices, payment cards, access cards, loyalty cards, receipts, boarding passes, tickets, ID cards, passports, social security cards, vaccination records, polling cards, residence permits, library cards, driving licences and visas.
It helps in an alternative to SWIFT payments in order to provide cheaper, faster and more transparent cross-border transactions. It aims to create emotional loyalty based on reciprocal appreciation. It can create a value continuum for brands and businesses by providing a single universal programme, removing the need to join multiple loyalty programmes.
Today, we are seeing progress in this area, with some cryptocurrencies now being categorised as securities. Puut Wallet has been running inside Bitcoin Lvx’s blockchain – a continuation of the bitcoin project with upgraded consensus rules.
The financial services industry will in turn leverage automation processes for a variety of tasks, such as attracting new customers, loan approval, transaction monitoring, risk management and smart contracts.
It rewards customers for every effort made towards a purchase – even if the effort does not result in an actual purchase.
