SNAPPY

Snappy payments is based on a set of protocols that allow for decentralized collateral management, fast payment approvals and trustless dispute resolution. Merchants can now accept payments even before the corresponding transactions are logged on the distributed ledger, thus decoupling the payment process from the transfer of funds on the blockchain. Small-size collaterals guarantee that payments succeed every time and are managed independently by the Snappy smartcontract. The smartcontract operares autonomously and does not place any trust on the system operator or any other third-parties (e.g., Oracles).

Also known as: Snappy Labs