Frequently Asked Questions
Chariot is a hybrid payments system: A bank-compliant, distributed ledger payments network designed to scale linearly and to provide extremely low cost, instant settlement payments.
There is no better network designed to bridge the divide between fiat and DeFi than one with the best elements of both – while also removing the most inefficient components of each system. Chariot is the best of the old and the new.
We do offer a White Label Partnership Agreement for Banking and Financial Institutions. Contact us to learn more.
Blockchain technology within Chariot Payments offers a secure and efficient way to create a tamper-proof log of transactional activity.
The conceptual framework and underlying code of blockchain is useful for several financial processes because of the potential it provides for a secure, digital alternative to traditional banking processes.
These traditional banking processes are often bureaucratic, time-consuming, paper-heavy, and expensive.
Distributed Ledger technology brings value to the transaction.
These ledgers are ideal because they cut down on operational inefficiencies (which ultimately saves both users and financial institutions money).
Distributed ledgers also provide greater security due to their decentralized nature, as well as the fact that they are immutable.
Other P2P payment applications are limited by today’s underlying payment rails. These rails were built in the early 1980’s and were not designed for a hyper-connected, globally scalable, always on (24/7/365) platform-based economies serving hundreds of millions of businesses connecting billions of accounts (social media, DeFi, etc).
Chariot moves payments from the old rails to the cloud – merging an ultra scalable distributed ledger network with the globally reaching cloud networks. Payments should not suffer from “Bank holidays” or “Banking Hours” – Chariot settles transactions instantly, moving money seamlessly without the burden of antiquated technologies.
Where Chariot is going, We don’t need Rails.
Get in Touch
We are currently seeking partners with banking and financial institutions and would love to have a conversation.
Send us a note and someone from our team will be in touch promptly.