INEFFICIENT PAYMENT PROCESSING

The Web2 billing, utility, and subscription industries faces significant challenges in payment processing, including manual processing, delayed payments, and high processing fees. These inefficiencies lead to increased costs, reduced customer satisfaction, and decreased revenue These can be showed in the following Skull Ape mathematical algorithm: Let's assume a payment processing system with a 2% transaction fee and a 3-day settlement period. We can represent this using the following algorithm

Payment processing fee

(PPF) = 0.02 * Transaction Value (TV)

Settlement Period (SP) = 3 days

With Skull Ape ecosystem, we can reduce the TRANSACTION FEE and SETTLEMENT PERIOD using the following mathematical algorithm:

Decentralized Payment

Processing Fee (DPPF) = 0.001 * TV

Decentralized Settlement

Period (DSP) = near real-time

SOLUTION: DECENTRALIZED PAYMENT PROCESSING

Skull Ape have a solution of Decentralized payment processing, enabled by Web3 and Blockchain technologies, offers a solution to these challenges. By utilizing Skull Ape ecosystem, businesses can facilitate efficient, low-cost transactions. Smart contracts automate payment processing, reducing manual intervention and minimizing errors. Decentralized payment networks enable real-time settlement, reducing delays and fees.

SKULL APE Mathematical Algorithm Explanation:

We can represent Skull Ape decentralized payment processing system using the following algorithm:

Decentralized Payment

Processing (DPP)

= DPPF + DSP

DPP = 0.001 * TV + near real-time