Whitepaper

Glossary / Definitions

• PDC - Post-dated crypto payments (powered by decentralized Gelato keeper bots)
• PDC Finance Wallet - A wallet for payments, receipts & PDC payments
• Payer - One who makes payment
• Receiver - One who receives payment
• PDC maturity date - Future date of a PDC payment.
• PDC NFT - A NFT issued by the payer to a receiver with details of the amount & maturity date (similar to a cheque)
• PDC Finance Marketplace - The receiver can list the PDC NFT in the marketplace for potential funding
• Borrower - PDC receiver upon listing their PDC NFT in the marketplace for financing
• Lender - An investor buys the PDC NFT from market place & receives the payment directly from the payer for interest.

Introduction

Cryptocurrency payments

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another… [1]

Satoshi Nakomoto started Bitcoin whitepaper with these exact same words! Today so many cryptocurrency wallets available to seamlessly make cryptocurrency payments. With the benefits of low-cost payments, super fast settlements (at least in terms of B2B payments), and stable-coin options, the mass institutional adoption of crypto payment is on the verge.

Post-dated crypto payments

Institutions use a variety of payment methods viz., spot payment, payment on credit, post-dated cheque payment, L/C, etc., Post-dated payment is a preferred mode of payment for so many companies (& in particular SMEs) across the world. While the crypto spot payment can be easily carried out by wallets like Metamask, Coinbase wallets, amongst others, scheduling a post-dated crypto payment requires a certain IT infrastructure viz., running a CRON job.

PDC Finance - What it solves?

PDC Finance abstracts away the requirement of maintaining a cumbersome IT infrastructure, leverages Gelato decentralized bots and provides a decentralized platform for institutions to make fully decentralized post-dated crypto payment.