- Answer supports decentralized finance (DeFi) craze with customer defense through smart contracts.
DUBLIN, Ireland (April 1, 2021) – HIPS Payment Group Ltd., a supplier of ground breaking and charge-efficient e-commerce and cellular payment alternatives, today declared that their really expected cryptocurrency, Merchant Token (MTO), has introduced, along with their Merchant Protocol (HMP) and the Hips Merchant Protocol Gateway (HMP-gateway).
HIPS Merchant Protocol (HMP), the Hips Merchant Protocol Gateway (HMP- gateway), and the governing Merchant Token (MTO) is a alternative that introduces consumer security ideas from the regular card payment industry to any blockchain with support for smart contracts like Ethereum, Cardano (ADA), or Solana.
“We believe that that the buyer-oriented attributes of the MTO are the lacking piece for crypto payments to have market place penetration and mass-adoption amid mainstream individuals, states John Cavebring, CEO of Hips.
Service provider Token (MTO) is Hips Merchant Protocol’s (HMP) native protocol token, at this time issued on Ethereum following ERC-20 conventional. HMP will escrow ERC20 tokens in Ethereum’s blockchain as a start out, but the protocol will work likewise on other supported blockchains like Cardano amongst other people.
“HIPS Merchant Blockchain is the native blockchain for HMP and Merchant Coin (MEO), which is the on-block indigenous currency on the Hips Merchant Blockchain, and is optimized for true-time service provider transactions created for Payment Provider Vendors (PSP) and EFTPOS devices,” additional Cavebring.
A extensively adopted, entirely on-chain Merchant Payment Protocol would need to have equivalent transaction throughput like US exchanges such as the NYSE from an underlying blockchain in purchase to scale.
“HIPS Merchant Blockchain’s around real-time transaction speeds are a extensive enhancement to the latest blockchain reaction. Hips Service provider Protocol is not only built for Ethereum but also on Solana, a blazingly rapid public blockchain that can assist over 50,000 transactions for every next, has block instances of 400 milliseconds and a transaction value of about $.00001,” notes Cavebring.
With around real-time transaction speeds, in addition, that the Hips Service provider Blockchain is intended for merchant transactions regardless if they are mobile, instore or ecommerce and makes use of the interchange concept from the payment card marketplace, HIPS delivers a resolution for crypto payments to acquire globally global buyer adoption.
The ICO (first coin giving) launchpad is live from 1 of April 2021 to 30th of June 2021 and can be identified at merchanttoken.org
A lot more details about Merchant Token and the ICO can be observed at merchanttoken.org or hips.com.
About HIPS Payment Team Ltd (hips.com)
HIPS Payment Group Ltd. is a company of ground breaking and value-efficient e-commerce and cell payment solutions. Constructed on reducing-edge know-how, Hips is disrupting the finance marketplace with its Payment gateway for Position of Sale, e-commerce, and m-commerce, a thoroughly integrated, electronic fiscal commerce platform with complete reconciliation and funding help.
Get hold of: Tricia Buenvenida, +1 (949) 416-0057