4.2 Payment

After a logistics service contract is signed, the users must make payments. The payments include not only the costs accrued during logistics processes but all financial transactions that took place between the shipper and the consignee. All payments can be processed in a batch. dKargo offers users a variety of payment for their convenience. Users can select existing payment methods such as cash and credit cards along with DKA tokens, which is a cryptocurrency issued by dKargo. Those who are not familiar with cryptocurrency can still enjoy the values and benefits which dKargo provides. Furthermore, collaboration with existing payment service providers such as Kakaopay will help to lower the entry barrier and help the platform scale into the market.

Some participants on the dKargo platform may have different preferences for fiat money or DKA tokens as their payment methods. Also, the time when a contract is made and when the payment is settled may differ. To resolve any confusion that may occur due to the time differences between payment and settlement, or methods of payment, a settlement service provider is needed. Any settlement service provider with proven capability to convert fiat money and DKA tokens can participate in the platform. Further information about ‘settlement service provider’ will be explained in section 4.9 Value-Added Service Providers.