With Burst you can create amazing things and solve common problems
The simplest of all payment systems
Unless a payment needs to be associated with automatic invoices, accepting money is as simple as sending some BURST – just display an address or QR code. This simple setup is within reach of almost all users and can fulfill the needs of many clients. From an accounting perspective, it’s especially suitable for reducing overhead and adding transparency.
Many third party APIs
There are many third party payment processing services that provide APIs; you don’t need to store BURSTs on your server and handle the security that this implies. Additionally, most of these APIs allow you to process invoices and exchange your BURSTs into your local currency at competitive costs.
You can be your own bank
If you don’t use any third party APIs, you can integrate a Burst node directly into your applications allowing you to become your own bank and payment processor. With all the responsibilities that this implies, you can build amazing systems that process Burst transactions however you would like.
Burst addresses for tracking
Burst addresses can be easily monitored for tracking payments. Each movement on the blockchain has a unique transaction identifier (TX and timestamp). In addition, a message up to 1000 characters long can be attached to each payment (encrypted or public). Burst offers you the basic components on the blockchain to enable simple or complex integration with your application.
Most of the security is on the client side
Most security is provided by the protocol, eliminating the need for PCI compliance. Fraud prevention can be simplified to the point of monitoring a single variable: the confirmation score. In addition, the security of your Burst is all about securing your wallet and using HTTPS or other secure protocols to send payment requests to customers.
A new world of possibilities
Burst allows you to design new and creative online services that couldn’t exist before due to financial limitations. This includes tipping systems, automated payment solutions, distributed crowdfunding services, time locked payment management, public asset tracking, low-trust escrow services, micropayment channels, and more.