Hey guys, here's some updates on our project (June-September 2018).
Product updates:
1) Launched multicurrency wallet for
Android and
iOS.
Currently there are not that much good wallets on the market that have all of the features that traditional wallets in financial industry have. It seems like developers in the blockchain industry are developing tools for themselves, not for the average people. We believe that's a major issue and we plan to change it. In 2 months we already have more functionality that most of the wallets on the market: multicurrency support, biometric login, instant payments via mQR (Merchant QR), sms notifications for merchants after successful transaction.
2) Created mQR, a new interface for accepting cryptocurrency.
One of the biggest challenges in the blockchain industry is that you never know which of the products can become viral and big. That's why we test different interfaces for both merchants and customers and track which work the best for certain region and/or culture. For instance, most of the Asian market is using solutions like WeChat Pay, Alipay and Paytm. They got accustomed to payments via QR codes and that is a good thing.
One of our target markets is South Korea, which is why we created a product that will have similar experience to the products I mentioned above. However there's a slight difference in the payment flow in mQR. The client is the one who initiates the transaction and chooses in which cryptocurrency he/she wants to pay. In this case, the customer needs to have more knowledge about crypto than the merchant. We believe that is a good approach because most of the merchants don't really want to deal with all of the technical challenges and educate their staff. The only thing the merchant will need to know is that he/she will be notified with push notification or sms on their phone.
Here's a sample of mQR in action:
This product can suit local markets and people who have no smartphones, laptops or even POS systems.
3) Had a complete redesign of our
website.
4) Created a new product architecture based on EOS blockchain.
This will allow to scale our system, make it faster, open source most of the core components and smart contracts, make our solution more modular. This is a very strategic move and will take 2-3 months of development.
The reason why we choose EOS is because it is fast, scalable, has no fees, has accounts, an advanced permission management system, smart contracts and other awesome features that perfectly suit our vision and requirements. On top of that, there's no other blockchain in production that can compete with EOS at the moment.
5) Launched a
plugin for WooCommerce.
6) Launched a new Merchant App for
Android and
iOS.
Merchant App is a simple tool that will help merchants to track their transactions and generate invoices. We want to create a seamless experience with this app so that merchant doesn't have to use a Web Control Panel. Obviously we can't move all of the features into the mobile but the bare minimum that will help merchants to manage cryptocurrency payments. The app can be helpful if you don't want to make integration with your POS system or you don't have one.
7) Integrated with
Iiko POS.
Other updates:
1) Launched the first
B2B solution for one of our clients.
2) Expanded our client base to Amsterdam and Spain.
3) Started to work on legal framework in Russia.
4)
Signed a deal with
American Nightlife Association in US.
Will help to start the operations in US and expand our merchant list up to 30,000 merchants.
5)
Partnered with Bitfury to provide LightningNetwork transactions.
6) Presented our product in Seoul, San Francisco, Singapore, Russia, Malaysia, Latvia, Georgia, Amsterdam, Vietnam, Ukraine.