BlockPay pre-ICO for business-ready privacy and payment tools starts tomorrow
Monday 22 August 2016
The company is crowdfunding a versatile digital currency Point Of Sale system, alongside private transactions and communication features.
Blockchain payments outfit BlockPay is crowdfunding its suite of new tools and features aimed at enabling merchants to leverage digital payments, starting with its pre-ICO tomorrow. The company’s slick and easy-to-use smartphone wallet app allows customers to pay with any one of a large number of digital currencies and tokens. For merchants, there are the benefits of boosting sales, saving time and money – since digital payments are almost instant and zero cost compared to existing systems – and participating in new Loyalty Points programs. Initial development will be completed following the pre-ICO, with a larger crowdfund scheduled for 2017.
BlockPay enables any merchant to accept one or more digital currencies, at zero cost. BlockPay not only supports popular digital currencies like Bitcoin, Ethereum, Steem, Dash and BitShares’ Smartcoins – it also allows customers to pay with gift cards all documented with the BlockPay eReceipts feature. Available in 44 languages, it can run as a standalone app, or integrated with existing Point-of-Sale systems such as Odoo, SAP, vending machines, kiosks, and so on.
Payments are fast and simple. The merchant provides the amount due to the customer, who pays using their preferred currency via a QR code or NFC. BlockPay then sends an eReceipt automatically to the customer’s phone, along with any loyalty points earned in the transaction.
BlockPay offers simple, powerful tools for merchants and customers
The same fintech/blockchain development company responsible for BlockPay, BitShares Munich, is also implementing features that will allow private communication and transactions on the Bitshares network. The Echo wallet combines Stealth crypto transactions with secure voice, video and messaging. Chat and media messages are not only encrypted but can be self-destructing, similar to Snapchat. Christoph Hering, BlockPay co-founder and CEO, comments about the significance of such an approach. ‘I am so excited about Echo because it solves two major problems of our time: Privacy and Financial freedom. First, Echo protects your personal chat, video and voice messages against hackers and censorship. Second, Echo gives you the choice to manage multiple currencies at your fingertips. Transfer takes 3 seconds or less and thanks to modern blockchain technologies Echo users can register their desired username on the blockchain with just a few simple taps.’
‘Stealth’ transactions and secure messaging go hand-in-hand with the company’s appeal to the enterprise community, since major businesses want to ensure that competitors cannot view their financial activities – something that the standard Bitcoin blockchain makes straightforward, and that could reveal vital information about suppliers, consultants, customers and employees. The same goes for high net-worth individuals and many other retail users who employ the blockchain to store and transfer value. ‘I wanted to build Echo because I see our free communication and privacy at risk,’ concludes Hering.
Pre-ICO of BlockPay to start August 23rd
The pre-ICO to crowdfund the BlockPay project will begin at noon GMT on 23 August. A larger crowdfunding effort is expected to take place early in 2017. This ICO is organized in co-operation with the decentralized exchange platform OpenLedger, its economic enterprise engine ICOO and the Danish company CCEDK ApS, which specializes in bootstrapping startups.
CCEDK will provide escrow services for the ICO, as well as issuing the asset, distributing the related BLOCKPAY tokens with the immediate option to trade it, providing media coverage, allowing an exit option during the ICO, and an ordering module allowing all interested parties to buy tokens. There are two options for token purchase:
It is possible to order and pay for BlockPay tokens directly on both these sites with BTS, BTC, ETH and SBD and as well multiple other currencies, using a ShapeShift-enabled conversion of all other currencies into BTC.
All funds can be monitored at all times on the OpenLedger dedicated escrow account ico.blockpay and all BTC in this address are held in a multi-sig escrow account only to be accessed at the end of the ICO.
The ICO will end once the 4,750,000 BlockPay tokens set aside for crowdfund have been sold.
OpenLedger is a peer-to-peer cryptocurrency platform acting as the host, framework and toolkit for constant innovation, designed for high-speed transactions, allowing users to trade assets in near-real time, securely and with ultra-low fees. OpenLedger is built on top of the MIT-licensed Graphene technology of BitShares 2.0 and acts as the foundation for the Decentralized Conglomerate: an ecosystem of interlinked and mutually-supporting companies. It is also known as the DEX – The Decentralized Exchange
CCEDK is the operational brain of the Decentralized Conglomerate (DC), providing a comprehensive solution for bootstrapping start-up services worldwide. CCEDK offers an all-in-one campaign and crowdfunding kit for start-ups, whatever their needs – including escrow services, fiat gateway, asset issuing, distribution, integration, marketing, pre-launch preparation and ICO.
This article was sponsored by Ronny Boesing and CCEDK
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