Native blockchain for Hips Merchant Protocol and Merchant Coin (MEO) built on Hyperledger
The ERC20 Merchant Token (MTO) will be 1:1 convertible to Merchant Coin (MEO) when the Hips Merchant Blockchain’s Mainnet opens.
Real-time Merchant transactions with very low transaction fees
Created for Payment Service Providers (PSP) and EFTPOS devices
Full support for backward compatible financial protocols like ISO8583 enabling crypto payments in standard terminal messages, using the existing terminal, and card scheme infrastructures for crypto payments in Hips Merchant Blockchain.
HIPS Payment Group (hips.com) is the company group behind the protocol and processes to date payments for over 200,000 merchants globally. Hips core product is a payment platform for ISV’s, acquirers and payment service providers (PSPs) “customers.” Every customer of Hips represents thousands of merchants and millions of consumers.
Hips will use 25% of the issued tokens to secure strategic partnerships and secure adoption among its customers and partners leading PSPs in a country to Tier 1 banks.
The strategic partnerships will aim to mass educate millions of consumers and merchants and make it seamless to implement and use the Merchant Protocol for merchants.