Centralized intermediaries, like Visa, Mastercard, and Amex, earn more than 2% of the transaction plus a fixed inquiry fee of 20 to 35 cents.
These costs are money out of your pocket. That doesn’t sit right with us. On Logos, you can make 10,000 transactions for less than a dollar.
Your security is critically important to us, so we’ve mathematically proven that Logos can not be hacked. Logos transactions do not expose any personal data, unlike credit card companies. Logos is push based, meaning that your payment data cannot be stolen like a card number.
We get payments. As in handling 17,000 transactions per second — and that is just the first prototype, tested in real-life conditions. That’s more than Visa, Mastercard, and Amex process each second on average. We provide the scale for any application.
Real time speed
With a faster than an average of two-second confirmation time, Logos makes transactions in real time.
Around 1.7 billion people around the globe, including 27% of the population in the US, are under- or un-banked, and don’t have access to credit cards, debit cards, or other forms of payment.
Logos is democratizing finance — anyone with a smartphone can use Logos to securely store and transact their money.