HootDex is much more than a decentralized digital asset swapping system. There are many features in development that will increase the scalability and utilization of HootDex once integrated.
One of the features in development to be integrated is the XMG Digital Payment Portal. This will be a scalable layer-2 system that is built on the Pecu Novus Blockchain which will complete transactions on-chain in microseconds with very minimal fees attached. The hope is to eventually bring it to a zero cost basis for merchants and consumers as it relates to digital asset payments.
The XMG Payment Portal will allow merchants to directly connect with consumers without any third party involvement. It will provide transparency that would eradicate fraud for those using the system, fraud that you would see with traditional credit card systems.
Another platform being integrated is the Fortis AuctionBlock, a marketplace for NFTs and digital items of all types. This integration allows for HootDex to expand what it offers its members.
The XMG Payment Portal would integrate traditional and new methods for e-commerce in order to provide swift and secure transactions across not only Web3 but also Web2 systems. It would allow for Pecu Novus’ smart contracts and the MVault’s escrow system to be integrated.
Eventually the potential for the payment portal to provide cross-chain solutions is there and it will further expand the utilization of these platforms across many systems. The MegaHoot innovation will create a vast layer-2 ecosystem that is functional, scalable, secure, swift and Peer to Peer.
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