NetMind AI, the AI solutions platform, has partnered with FrogPay AI, an AI-based payment solution provider. NetMind AI’s Power features and AI solutions will assist FrogPay AI in enhancing cryptocurrency transactions and AI-based funds dispute management.
NetMind AI is an AI solutions provider company at the top of its league. It offers high-tech solutions to consumers and enterprises throughout the world. This company is dedicated to delivering new and valuable ideas and concepts to the marketplace. NetMind’s team of experts consists of professionals in big data analytics, machine learning, and natural language processing. It allows users to work on very large-scale networks for collaboration and training, as well as the development of deep learning models and AI applications.
About FrogPay & Its Solutions
FrogPay is intended to fill this void in the cryptocurrency space. Therefore, it has sought to incorporate account abstraction and decentralized dispute resolution in the hope of building confidence in users’ transactions with others.
Crypto transactions are non-reversible. You cannot get a refund from the recipient. If the recipient’s address is incorrect, the funds are lost forever. FrogPay solutions solve these problems by introducing a new protocol that boosts security and allows users to solve disputes safely.
Conventional financial services provide several types of consumer protection, such as chargebacks and dispute services by payment processors or banks. The crypto ecosystem does not have such mechanisms.
Once a transaction is completed, users cannot easily appeal or nullify it, for instance, in cases of fraud or wrong transfers. This absence of a safety net only compounds trust issues and prevents the adoption of cryptocurrencies in more risky transactions or even for daily shopping.
How the integration of NetMind will contribute to FrogPay AI
NetMind Power is an advanced distributed computing system that takes advantage of idle GPU processing power around the globe (compensating those who share it) to offer a relatively inexpensive and easy way for individuals and SMBs to access AI computations, thus making it de-centralized.
FrogPay is improving blockchain payment solutions with features such as crypto transaction refunds and AI-based dispute resolution mechanisms. NetMind AI will help FrogPay accelerate transaction speed and dispute resolutions on the platform through AI and give the user a smooth interface.
Source: https://blockchainreporter.net/netmind-ai-frogpay-partner-to-optimize-blockchain-payments-ai-dispute-resolution-solutions/