Starting Bitwave Payments Network

🚀 Getting Started with Bitwave Payments

Welcome to Bitwave Payments—your streamlined gateway to digital asset payables. Follow these quick-start instructions to get your first payment processed.

✅ Prerequisites
• Access to the Bitwave platform
• A self-custodial wallet (e.g., Metamask) loaded with ETH or USDC on the Base network

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🛠️ Step-by-Step Setup

1. Log In
   Access your Bitwave Org (e.g., Sales Payment Demo Org). Need access? Contact your admin.

2. Connect Wallet
   Use the top-right “Connect Wallet” button. Ensure you’re on the Base network.

3. Add a Payment Method
   Go to Payment Methods → Add Payment Method:
   • Select a subsidiary (optional for now)
   • Assign a name (required)
   • Ignore Coinbase Prime (fix in progress)
   • Click Save

4. Create & Pay Bills
   Go to the Bills section:
   • Search for test bills (e.g., your name in CAPS)
   • Select 2–3 bills
   • Click Create Batch → Pay Batch

5. System Validations
   • KYT/AML checks
   • Address whitelisting
   • Exchange rate check (for volatile tokens)

6. Confirm with Metamask
   Approve the transaction when prompted.

7. Track Payment Status
   Visit Payment Batches. The status will update to Completed once confirmed.

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🔐 Whitelisting Vendor Addresses

Strengthen security with pre-approved payment flows.

Steps:
1. Go to Network Configs
2. Select a supported network:
Ethereum, Base, Polygon, Stellar
Deploy two smart contracts:
• Payment batching
• Vendor whitelist
3. Add authorized signers
4. Navigate to Vendors → select a vendor → manage addresses
5. Initiate penny test via email
6. After validation, push to whitelist
(Optionally add to Coinbase Prime address book)

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🧩 Configuring Payment Methods

Bitwave supports multiple wallet types:
• 🔓 Self-custodial (e.g., Metamask)
• 🏦 Custodial (e.g., Coinbase Prime)

To Add a Method:
1. Navigate to Payment Methods
2. Click Add Payment Method
3. Select wallet type
4. Provide a name & subsidiary (if needed)
5. Click Save

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💸 Performing a Payment

Workflow:
1. Create a batch of bills
2. Click Pay Batch
3. The system checks:
• Bill eligibility
• Address whitelist status
• KYT/AML compliance
• Real-time exchange rate
4. Metamask prompt appears → click Approve
5. Monitor the real-time status updates

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🧠 Thought Leadership & Vertical Insights
• 🧾 Multi-step approvals and wallet-per-subsidiary strategies prevent intercompany errors.
• 🔐 Whitelist-first payments reduce risk—consider the Bybit hack as a cautionary tale.
• 🏛️ Coinbase Prime enables robust approval chains and institutional-grade compliance.
• 🧮 On-chain whitelist audits enhance transparency for Treasury/Security teams.
• 📉 Reduce gas costs with Bitwave’s pathfinding logic (token + network optimization).
• ⛓️ Set spending caps not for convenience, but for long-term security.
• 🧬 Bitwave’s ERP-agnostic architecture scales from lean startups to global enterprises.

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