Non-Fungible Tokens as Alternative Means of User Access to Additional Services in the Blockchain Platform Payment Process

Abstract

The unprecedented development of blockchain technology has sparked a wave of innovation in payment systems areas. Blockchain offers a decentralized, secure, and transparent platform for conducting transactions. It does not have any additional intermediaries, such as banks. Blockchain provides many advantages and encourages the qualitative transformation of payment systems, offering new opportunities to create efficient and low-cost payment systems. However, blockchain-based payment systems are still in their infancy, and rooms for improvement still exist in their implementation. This paper proposes using the non-fungible token to interest customers and provide them with additional options when paying with a blockchain-based payment system.