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Polygon: Billion-Dollar Gateway Provider to Launch on MATIC Network, Unlocking Ethereum Scaling Advantages
AsetPay, a platform that enables users to buy, sell, and store cryptos, has disclosed that it would soon integrate its Pure on the Polygon (MATIC) network.
This would enable it to use the power of blockchain and smart contracts to provide a seamless, secure, and future-proof entry pass solution. It would also be able to use Polygon’s merchant feature on its network.
According to AsetPay, its decision is a result of the need for an efficient and secure access control in the fast-changing world. In this period, the traditional methods of entry passes and identification are no longer relevant. Interestingly, the AsetPay team has come up with a solution with the development of the Next-Gen Entry Pass Technology.
Polygon is known for its robust infrastructure that ensures fast and cost-effective transactions, making it the perfect network for the Next-Gen Entry Pass. This groundbreaking integration with Polygon would open a way for AsetPay to ensure scalability, low fees, and interoperability.
Benefits of the Entry Pass Launch on Polygon
Some of the benefits and features of this integration include Immutable Identity Verification. According to AsetPay, the Entry Pass technology would leverage blockchain technology to come up with an immutable identity verification . With this, a unique identity stored securely on the blockchain would be assigned to each individual.
In this case, all risks associated with stolen physical entry passes or counterfeit would be eliminated. In addition, the Entry Pass would ensure that real-time monitoring and analytics capabilities are provided. In this key, entry patterns can be tracked and analyzed, and also identify potential security loopholes.
The Next-Gen Entry Pass would also enable smooth integration with existing infrastructure to make sure that it is adaptable to different environments. It has been designed with a user-friendly interface to ensure easy onboarding and management of access privileges
One other benefit is that it takes advantage of the smart contracts on the Polygon network to facilitate easy access control. It has been designed to automatically verify the legitimacy of an entry pass, and ensure that authorized individuals have access while denying unauthorized individuals
The Entry Pass makes it possible for organizations to effectively ensure the safety of their premises and assets
In the last 24 hours, Polygon has surged by 2.99 percent to trade at $0.904983.