Oney is a French-based bank with an innovative approach to payment solutions. They call themselves a “partner in the transformation of commerce.” They enable online merchants to accept payments in multiple cryptocurrencies, and consumers to pay using cryptocurrency at merchants who do not currently accept digital currency. The cryptocurrency can then be converted into the merchant’s preferred, fiat currency.

When merchants sign up for Oney, they receive an API key to include on their website or mobile app. Consumers can then pay with their Oney wallet by scanning a QR code or entering the merchant's API key number (this can be found on the dashboard).

Oney is an open-source platform that uses a proof-of-authority consensus algorithm, where each node on the network is controlled by an individual or organization. This means there are no miners in the Oney Network; instead, each node has its own unique address.

For consumers, the way Oney works is simple. When they make a purchase using Oney as their payment method, they will be given a QR code that they can then scan into their digital wallet. Once this happens, their funds will be sent directly from their wallet to the merchant’s account without going through any third-party service.