Beluga Pay: Decentralized POS for Fiat and Crypto Payments
Now that we know about all the wonders that have been happening all around, it gets quite easy for one to understand the concepts dealing with Blockchain. The blockchain world has set the bars really high and it aims to do so for the longest time possible. Blockchain and the crypto market have made life easier with their advancements and the benefits coming from them can be taken advantage of by one and all. Beluga Pay is one such innovation which aims at solving our thirst and brings a platter of happiness for everyone to be a part of.
Introduction
As we already know, there are two kinds of currencies currently pacing up and they are fiat and crypto. Beluga Pay brings up a decentralized sale system for both these running currencies. It also provides an open system for all the assets that are a part of it. This eventually helps tons of people.
This leads to keeping up safe and maintain a certain transparency when it comes to transactions.
The Working of Beluga Pay
At first, the consumer buys any product from the merchant.
Further, the consumer makes their payment by either using Fiat currency or cryptocurrency i.e. $USD or Bitcoin.
Then, the payment mode is checked, if the payment is made using a credit card (Fiat), the merchant can make use of BBI tokens so that the payment is made instantly. This saves the merchant from waiting up for two days to receive the payment.
Here is the second outlook, if the payment is done using cryptocurrency; the payment is done instantly to the merchant in the same form.
Now comes the exciting part for the consumers, the loyalty point is given to the consumers for buying the particular product or service. The merchants aren't deprived of it either and they are points are accumulated.
When the consumers and the merchants hit the bar of collecting maximum points, they get the rights to claim their points.
Well, I know what you are thinking and here is the answer to your thought. The loyalty points can be redeemed in both ways i.e. with the help of fiat or crypto.
This brings me to the thought that isn't it somewhat similar to booking a restaurant and visiting there? I find quite a relevance here, except the loyalty points part, of course.
The Products offerings from Beluga Pay
1. Beluga POS: This is a mobile application that will be able to accept cryptocurrency, debit cards, and credit cards as well. This will be most beneficial for the small merchants. Apart from that, it will also help the managers to manage the growth overall.
2. Beluga Restaurant Edition: This app will be designed to serve people i.e. serve orders, menus, and manage servers.
3. Beluga P2P: This is yet another user-friendly app that will help in making payments as well as do fund transfers amongst friends.
4. Beluga Payment Data: The BBI tokens, consumers can know about the different spending patterns happening on a regular basis.
The Token Sale
It is known to one and all by now that BBI tokens will come up with several benefits. This benefit will be available for merchants as well as holders. Some of the benefits includes Membership, Factoring, and Loyalty.
The BBI – Beluga Banking Infrastructure will be the token symbol for the token sale of Beluga. The fixed supply allotted for the purpose is 100,000,000 BBI Tokens. The pre-sale has already begun and has given the consumers a discount of 20%. However, if we talk about the ICO, it is yet to end and is likely to wrap up by 31st January 2018.
The different sectors of ICO distribution include:
- Research and Development: 55%
- Operations – 20%
- Legal – 10%
- Marketing – 10%
Benefits for BBI Token Holders
The Final Verdict
If I talk about the overall impact that Beluga left on me, I would be losing up words to appreciate this ecosystem. This is, without a doubt one of the best platforms coming up from the world of Blockchain. It helps in sorting up a lot of issues and the best part, it allows the use of both fiat as well as the crypto currencies very effectively. Beluga Pay has definitely got a sound business idea and certainly deserves a green flag.
Website: http://www.belugapay.com
Telegram: http://t.me/belugapay
Whitepaper: https://belugapay.com/assets/beluga_whitepaper_V9.4.pdf
Written by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616