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The Dream Pay: A Low-Fee Settlement Service Built with Blockchain Technology

Last Updated April 21, 2023 4:05 AM
Rahul Nambiampurath
Last Updated April 21, 2023 4:05 AM

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While blockchain has revolutionized the logistics and trade industries, not much has been done to effectively use it for revolutionize daily commerce. A new company, ‘Dream Nida ‘, believes it can change that with the world’s first settlement service made with the blockchain technology named “The Dream Pay”. The platform leverages two main features of blockchain technology, smart contracts and decentralization. The former not only guarantees secure autonomous transactions without a third party, but also eliminates fraud and reduces costs. In this way, most the platform’s strengths actually comes from a sound implementation of the technology.

The ability to make payments of smaller denominations, especially internationally, is yet another pain point that ‘Dream Nida’ eliminates due to its use of distributed ledger technology. In such scenarios, typical payment gateways tend to charge a rather hefty percentage of the transferred amount as a fee. Dream Nida overcomes this issue by charging a flat 0.5 percent handling fee, no matter the origin and destination of the payment. In comparison, credit card processors such as Visa and MasterCard charge between 2 and 3 percent per transaction.

Furthermore, given that all ‘Dream Pay’ transactions will be securely recorded on a blockchain, any individual or entity can audit it. In this way, the platform can guarantee complete transparency, while also ensuring that each and every payment can be accounted for.

The company has also stated that it is working on bringing a global chat function to its platform, which will be functionally similar to other messaging and payment applications like WeChat, Line and Kakao Talk. The feature will also enable ‘Dream Pay’ users to facilitate all necessary functions of the service, including payment, remittance and withdrawal to a different currency. The company has also stated that it will be using QR codes to facilitate these transfers, similar to the functionality offered by the aforementioned applications.


The settlement service uses platform specific tokens – called D-zone Coins (DZC) – in order to facilitate transfers between two parties. These tokens are developed on the Ethereum platform and as a result, are fully ERC-20 compliant. In short, D-ZoneCoin realizes high security and convenience in conjunction with the settlement service ‘The Dream Pay’. A more technical explanation of the token can be found in the white paper  published by the company.

While the presale and airdrop for D-zone Coin took place during the month of May 2018, the platform is currently hosting a public initial coin offering. The ICO is scheduled to take place in three stages, with the first two offering bonus tokens on every purchase. The second stage is already underway and expected to run until June 21, 2018. Interested investors can buy  the platform’s tokens in exchange for Ethereum at a rate of 63000 DZC per ETH until then.

For any new blockchain endeavor, sufficient liquidity for the associated token is one of the most important considerations. In that vein, ‘Dream Nida’ has announced that the D-Zone Coin will be listed on the cryptocurrency exchange COINEXCHANGE.IO  shortly after the token’s sale period ends in July 2018. This will allow existing investors to trade their holdings against a variety of other digital currencies and new users to purchase the tokens for use on the platform. Further down the road, ‘Dream Nida’ expects to onboard around fifteen thousand merchants on its platform by September of this year.