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💡What is ctrlX?

Here at ctrlX, our mission revolves around resolving the absence an autonomous and secure payment system between the two parties. Streaming payment technology is an independent and reliable system.

ctrlX is a web3 application based on a decentralized token streaming protocol available on the Polygon blockchain and cryptocurrencies such as MATIC. This proven, secure, and cost-effective solution comes with no concealed risks. Utilizing streaming payment technology, we have created an effective, straightforward, and protected tool that allows you to avoid trust-related concerns while saving both time and money.

What’s the Problem?

In the 21st century, concerns regarding trust and security are becoming more acute. With the evolution of the Internet, we have become more informed, demanding and attentive to details. This trend has not bypassed the financial sphere. Our faith in banks and financial institutions has notably diminished.

Currently, there is no mechanism that allows for a secure settlement between two parties without involving a third party, which acts as a guarantor for the fulfillment of all stated obligations. The only way to ensure the security of settlements is to use banking technologies, which leads to restrictions and additional requirements. Moreover, any banking system depends on numerous external and internal factors, which can affect settlements between the parties.

Our Objective

Here at ctrlX, our mission revolves around resolving the absence an autonomous and secure payment system between the two parties. Our goal is to offer a simple tool to address everyday issues for users globally.

We have built upon streaming payment technology, which involves a continuous per-second transfer of money (tokens) from a sender’s account to a receiver’s account. The payment amount is locked on the sender's account giving the recipient a payment guarantee. When the stream starts, both the sender and the recipient are certain that payments are happening and can monitor them in real time.

The technology of streaming payments is revolutionary:

  • It is possible to halt the process at any time, with the recipient receiving payment for the time spent, and the sender retaining the remaining funds.

  • If the recipient urgently requires funds, it is possible to withdraw a portion of the funds available at that moment.

  • The money stream is transparent, guaranteeing the sender’s funds for the recipient’s services.

This implies that streaming payment technology is an independent and reliable system. It's just you, your funds, and the recipient — free from dependency on the political circumstances, any bank, or even each other.

Currently, banking systems have not implemented streaming payment technology that would guarantee compliance with these conditions. However, all of this can be achieved using blockchain technologies like ctrlX.

That’s why we have created a straightforward and user-friendly application with adaptable settings that will require minimal input from you to achieve desired outcomes. Join ctrlX and see for yourself!

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