PrepayWay is a blockchain ecosystem that aims to simplify and streamlines international collaboration, contracting, and payments for companies across multiple industries. Global commerce is burdened by unreliable and largely manual paper-based processes characterized by a lack of transparency and an absence of secure, trusted information. As a result, suppliers, buyers, and transporters involved in international transactions suffer cash flow delays, payment disputes, and difficulty in maintaining liquidity. However, the advent of blockchain technology can eliminate these difficulties, ensuring the validity and security of transactions involved in the global movement of goods and delivery of services. Moreover, by automating payment methods such as letters of credit, it can eliminate inefficiencies, streamline business processes, reduce operational complexity, and reduce transaction costs.

InBit is an Ethereum-based token that fuels the PrepayWay ecosystem. It is the mechanism by which a user may obtain access to the Ecosystem’s services, it is required to activate each PrepayWay smart-contract.