Source : Introducing BaapPay
The reality is that most businesses today do not have the necessary tools needed to seamlessly accept both fiat and cryptocurrency. Nor are business willing to accept the volatile of the crypto market, which can leave businesses at risk when accepting cryptocurrency. However, BaapPay changes that!
BaapPay is a multi-layered platform which features a payment gateway, point of sale software, and their very own BaapWorld app store.They believe that as cryptocurrency adoption further penetrates businesses and the lives of consumers, there will be a point where; buying, selling, and trading cryptocurrency will be a part of everyday living.
“I’m a huge blockchain and crypto-enthusiast, cryptocurrency investor, and entrepreneur, and it was my fundamental understanding of current solutions that led me to realize the gap between what’s available and what business owners need in order to make incorporating both fiat and crypto in their day-to-day operations reasonable.” said Sukhpreet Singh, CEO of BaapPay, “BaapPay was created out that of that necessity.”
The payment platform is built to work with existing credit card infrastructure; including credit/debit cards and will employ payment processing protocols and flows for cryptocurrency similar to traditional electronic payment systems. Their belief is that this approach should enable easier and faster adoption of cryptocurrency as a mainstream payment platform, which in turn gives the merchants a higher level of convenience to accept any method of payment that is presented to them by the customer.
Looking further into the platform, BaapPay’s payment gateway functions like PayPal’s online interface, however, integrating fiat and crypto. It also allows users to have access to two wallets, a BaapPay cloud based wallet and a private wallet, where only the user has access to the private keys. Merchants who choose to adopt the platform at their physical locations will have the option of using the “SPOS”, a smart payment terminal which is a android-based 5.5-inch capacitive touch screen terminal with GPS, Bluetooth, barcode scanner, and a host of other features. This terminal can be integrated with the Baap point of sale software, which instantly processing both crypto and fiat payments, converting between currencies, and tracking the flow of crypto through their business as it relates to sales, accounting, inventory, and employee activity.
As for their App store, developers can build their very own applications that integrate Baap smart terminal, by using their available SDK – apps which can be uploaded to the Android-based BaapWorld app store. Because a large part of the business model is focused on mass adoption, BaapPay wants to ensure that their platform is as easy to use, flexible, and adaptable as possible, and encourage innovation within the BaapPay community.
Pre-sale: March 1 – March 20
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
Source : Introducing BaapPay