Blockchain-Based Payment Options to Minimize Bank Fees

Overview

This project aims to leverage blockchain technology to provide alternative payment options that minimize bank fees traditionally associated with transactions. By utilizing blockchain, the goal is to offer a decentralized, secure, and cost-effective method for financial transactions.

Features

Decentralized Transactions: Utilize blockchain networks to facilitate peer-to-peer transactions without relying on traditional banking intermediaries.
Cost Efficiency: Reduce transaction costs by eliminating or minimizing fees typically charged by banks and financial institutions.
Security: Leverage blockchain's cryptographic security features to ensure the integrity and confidentiality of transactions.
Transparency: Provide transparent transaction records that are publicly accessible on the blockchain ledger.
Global Accessibility: Enable seamless cross-border transactions without the complexities and fees associated with international transfers.

Setup Instructions

Prerequisites

Node.js and npm installed
Hardhat or other Ethereum development environment
Infura or other Ethereum node provider API key

Installation

Clone the repository:

git clone https://github.com/Mlouak/blockchain-payment.git
cd blockchain-payment