Eligma payvment system will be interesting to see in action. When will you be testing it ? And can people who participate see and test beta version before alpha is out for the public ?
We are launching test phase of developed POS payment system, together with mobile wallet app in BTC City (Ljubljana, Slovenia) in beginning of April. MVP is projected for August this year, with the first version of the Eligma platform developed by the end of the year and later expanded to other markets in accordance with roadmap you can find in our whitepaper on pages 49-51:
https://goo.gl/aqhn8m.
Simultaneously different features and modules presented will be added. Currently we are developing the data gathering services (scrappers, API connections,...) as well as machine learning algorithm for product matching and categorization. We also already have the database architecture setup. Our ultimate goal is that eventually all stores within BTC City would support Elipay. We are just about to start our testing phase and then add additional stores.
To demonstrate that Eligma is here to stay, we are proud to announce EliPay. Most of the stores we will be working with are currently operating strictly as brick-and-mortar entitites which gives us the opportunity to combine the online and offline worlds of commerce. EliPay’s primary purpose will be to enable visitors of BTC City to use cryptocurrencies in al the center’s stores. We are hoping EliPay will bring cryptocurrency to the mainstream; all retailers will receive our cryptocurrency transaction systems and consumers will be able to use a mobile app. The iOS version will be released first, and the Android version will follow in the next few months.
Consumers will need to download and install the EliPay app, register with the service, and deposit cryptocurrencies in their mobile wallets on the app. At first, BTC and Bitcoin Cash will be supported, and more cryptocurrencies will be supported in the future.
Retailers will have two options: either keep the funds in cryptocurrency, or take advantage of EliPay’s exchange feature, which will contact via API, exchange the funds into fiat, and transfer the appropriate sum into the retailer’s account.
Most funds will be kept in cold storage at a secure location, so even in the unfortunate event that the Eligma platform is compromised, all the funds will be kept safe. You can read more about our MVP's test release in BTC City here, scheduled for April 2018:
https://medium.com/eligma-blog/bitcoin-city-4c3e302f5821
