Implementing Cryptocurrency Payments with Ethereum

Graph number 1: Payment process 1
  1. A user places the order on the merchant’s website
  2. The payment service generates the payment address and presents it to the user
  3. The user sends a payment from his crypto wallet directly to the blockchain node
  4. Then the payment service has to monitor the blockchain node for incoming payments. Payment and order have to match.
Graph number 2: Merchant withdraw from many accounts
Graph number 3: Historical prices for Ether transfers
Graph number 4: Merchant withdraw from smart contract

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