Merchant protocol launched one of the biggest ICOs
There are so many tokens launched daily that it’s hard to decide which one may have more potential. Every platform claims to have the best solutions and highest returns. However, some tokens make such an impact that they are impossible to miss. Merchant Token (MTO) is one of them. Its ICO is one of the biggest in history.
HIPS Merchant Protocol (HMP), along with its governing token MTO and the Hips Merchant Protocol Gateway, also called HMP-gateway, are all parts of a solution that introduces consumer protection concepts to any blockchain with support for smart contracts like Cardano (ADA), Ethereum, or Solana, from the traditional card payment industry.
The company believes that protection concepts are the missing piece for crypto payments. They need it to gain broader acceptance among mainstream consumers. So, it decided to work on the problem.
HIPS Merchant Blockchain is the native blockchain for Merchant Coin (MEO) and HMP. It is specifically optimized for real-time Merchant transactions created for EFTPOS devices and Payment Service Provider. Furthermore, it has full support for the majority of backward-compatible financial protocols, such as ISO8583. Thus, it uses the existing terminals to enable cryptocurrency payments in standard terminal messages.
What about Merchant Blockchain?
Hips Merchant Protocol native blockchain is built on Hyperledger. Merchant Coin operates on it as well. When the Hips Merchant Blockchain’s Mainnet opens, MTO will be 1:1 convertible to Merchant Coin (MEO). Real-time Merchant transactions offer very low transaction fees.
Merchant already introduced consumer protection concepts, taking them from the traditional card payment industry and changing to use for any blockchain with support for smart contracts.
Furthermore, Merchant Protocol introduced the Automatic Dispute Management (ADM) concept. This concept based on merchant reputation has real potential. There is also the new Community Dispute Management (CDM) concept. The latter allows token owners to increase token holdings by performing various work.
The company group behind the protocol – HIPS Payment Group, processes to date payments for over 200,000 merchants around the world. Hips’ main product is a payment platform for ISV’s, though. Hips’ every customer represents millions of consumers and thousands of merchants.
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