Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: silkblooms on April 11, 2021, 09:53:31 AM

Title: [PRE-ANN] BACS COIN - Decentralise Card Payments - Team Building Partnership
Post by: silkblooms on April 11, 2021, 09:53:31 AM
As the name of the coin suggests, we're looking at the feasibility of a coin, built on the Binance chain, which will decentralise card payments.

If you're a merchant then you'll know the fees you pay to companies like World Pay for their card payment solutions.  These companies make a ton of money charging merchant fees for card transactions.  

Lately I've noticed a few merchants who have stopped taking card payments to avoid their fees. Instead, they ask for BACS payments.  Understandably, it's free to accept BACS payments but it's quite cumbersome trying to add new recipients and verify.

So, there's a gap in the market for a tech that let's merchants take BACS payments with the scan of a QR code.

So, the token we wish to develop allows the blockchain to record each transaction. The merchant has an app that's integrated into the blockchain and let's them enter USD or GBP amounts. Payment is processed in BACS COIN and instantly converted to a stable coin in merchant wallet.

This is a pre announcement. We're looking to build a team of equal share partners to develop and market this token tech.