RE: BlockPay featured in Forbes, spearheads business-ready blockchain tools
Hi, rok sivante nice to meet you. Let me answer your questions as good as possible.
Yes, you are right, merchants hate the price volatility of Bitcoin and want to get a stable currency that does not kill their margins. That is why we convert all income currencies like Bitcoin, Ethereum, Litecoin, Dash etc. all into BitUSD. Actually, the Merchant has a choice of +5 receiving currencies ( USD, EUR, CAD, CNY, ARS). We are working on providing a 1:1 payout from BitUSD to USD too. So that the merchant is as secure as possible. That is a great selling point for our terminals.
Fees
We charge a flat .5% fee to the consumer, and it works like a small tax. So when you want to pay for a bottle of water 1,5 USD + 0.05% fee. We additionally have to pay a small Blockchain network fee of max $0.04 for miners etc. We even have a few merchants who will cover the fees themselves so decrease the friction with the consumers.
Marketing
We have set up an international BlockPay Ambassador Team currently +50 people in +28 countries to promote and represent BlockPay. We have people in France, England, Germany, Spain, USA, Canada, Venezuela, Brazil, China, India, Australia, New Zealand and much more. Read more about our Ambassadors Program here https://blockpay.ch/community/blockpay-ambassador/
Additionally, we are working with several OEM partners and Point-Of-Sales software systems to integrate BlockPay natively. You will find BlockPay soon in Supermarkets, Restaurants, Retail stores, Vending machines, Travel agencies, Bars and much more. Watch out for our logo :)
Awesome! Glad to hear you're on top of it. :-)
To confirm: it is a 0.5% or 0.05% fee? (As had written both in the same paragraph?)