Processing digital asset payments on AWS
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This AWS blog post discusses a serverless solution for processing digital asset payments on blockchain networks, focusing on stablecoin transactions across Ethereum-compatible networks.
- Benefits of blockchain-based payments include reduced processing costs, faster settlement, global reach, and transaction transparency
- Solution consists of three core components: invoice generator, automated payment detection, and fund reconciliation
- Key features include:
- Deterministic invoice generation with unique payment addresses
- Secure key management using AWS Secrets Manager
- Real-time balance verification and payment tracking
- Automatic fund sweeping to treasury wallet
- Utilizes AWS services like Lambda, DynamoDB, API Gateway, and SNS to create a scalable payment system
The solution provides a secure, efficient method for businesses to process digital asset payments with reduced costs and increased operational flexibility.
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