An event is a notification about any update in a process. In Qrypto, events occur when there is an update on the transactions. These real-time updates are notified to you, as a Virtual Asset Service Provider (VASP). This ensures that you are always informed about the confirmation and completion of your customers’ transactions.
The following flowchart illustrates the flow of the webhook and the actions you can take based on them.
The above flowchart is described as in the following steps:
- Your customer (User) initiates a transaction on a blockchain.
- Qrypto sends a webhook request to your webhook URL.
- You call the get transaction API to check the status of the transaction.
- You validate the API response with the webhook request data.
- If confirmed, you credit your customer’s account.