Customer Testimonials

B2B Payments

Challenges

  • High transaction fees
  • Slow processing
  • Need to quickly identify fraud

Solution

  • Blinktrade provides platform for instant transactions on blockchain
  • BlockCypher quickly identifies fraud and transactions likely to confirm

Benefits

  • Users receive credit to trade immediately
  • Faster deposits
  • 33% in cost savings due to automation
  • Fraud identified
Case Study

P2P Payments

Challenges

  • High transaction fees
  • No single P2P platform
  • Lack of good testing environment

Solution

  • Abra enables P2P payment anywhere in world
  • BlockCypher provides notifications (e.g. for payments) and test environment

Benefits

  • Users protected from market volatility
  • Faster deposits
  • 30% development cost savings from using BlockCypher’s test environment and notifications
Case Study

Identity Management

Challenges

  • High cost of fraud ($B)
  • Privacy
  • Ease-of-use

Solution

  • User manages identity (e.g.biometrics) on Shocard mobile app
  • BlockCypher publishes identity to blockchain

Benefits

  • 6 months saved in ramp up time
  • 35% costs saved in development
  • Increased scalability and reliability
  • Improved code maintenance
Case Study

Faster Payments and Rewards

Leading Global Payments Processor

Challenges

  • Legacy infrastructure
  • Anti-fraud catch up
  • Lack of preventative, monitoring systems
  • Expensive, slow onboarding

Solution

  • Faster, more secure and user-friendly digital payments
  • BlockCypher Ethereum APIs used to process payments, fraud checks

Benefits

  • $5.2M in fraud prevention
  • $2.2M in salary savings
  • 35% faster time to market
  • Improved code maintenance
Case Study

Cybersecurity

US Department of Homeland Security

Challenges

  • Hackers increasingly take over desktop and mobile devices
  • Ransomware $1B crime in 2016

Solution

  • Real-time analytics to prevent fraud
  • Monitoring to detect fraud patterns
  • Advanced visualizations for analysts

Benefits

  • Prevent fraud
  • Reduce false positives
  • Identify sources of fraud
BlockCypher logo

Software Used

White Paper

Payroll

Challenges

  • Long wait times 15+ days
  • High transaction fees 10+%

Solution

  • Bitwage provides platform for payroll and invoicing
  • BlockCypher validates addresses, identifies transactions likely to confirm

Benefits

  • Faster time to market
  • Payments within 2 days
  • 30+% in cost savings due to automation
  • Faster clearing and settlement
Case Study

FX and Mobile Money Accounts

Challenges

  • High FX costs for African currencies
  • Mobile money accounts, rather than bank accounts are used for payment

Solution

  • Bitpesa converts a company’s currency into local currency, on mobile phones
  • BlockCypher provides payment confirmations on the blockchain

Benefits

  • Reduced development time
  • Increased scalability and reliability
  • Improved code maintenance
Case Study

Fighting New Types of Fraud

Leading Global Payments Processor

Challenges

  • New account fraud increased 113%, now 20% of all fraud
  • 72% of loyalty program managers experiences issues related to fraud

Solution

  • Prevent fraud
  • Reduce false positives
  • Protect company reputation
  • Increase understanding of buying patterns

Benefits

  • Real-time analytics to prevent fraud
  • Monitoring to detect fraud patterns
  • Advanced visualizations for analysts
BlockCypher logo

Software Used

White Paper

For more in depth case study

* Use case interest: - B2B Payments

Featured Customer Stories

Detailed case studies and white papers available upon request: contact@blockcypher.com

Client Spotlight

Our Partners

We're Social

…and we're hiring!