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VitePay Transaction Process

  1. 1.
    merchants create transactions via API, each TX has a unique Vite address created as an "escrow" or "middleman" address.
  2. 2.
    user can be directed to a unique payment portal with payment instructions and a countdown timer
  3. 3.
    user must send correct amount to the middleman address before the transaction expires
  4. 4.
    once enough confirmations on middleman address, TX is considered processed and funds are send to the merchant's address (no need to wait for confirmations on this end)