Article Summary, Automatically Generated By AI
Summary of Merchant Token
- HIPS Merchant Protocol (HMP) introduces consumer protection concepts from traditional card payments to blockchain with smart contracts (e.g., Ethereum, Cardano, Solana).
- HMP-gateway and Merchant Token (MTO) enable crypto payments with mainstream consumer acceptance.
- HIPS Merchant Blockchain is the native blockchain for HMP and Merchant Coin (MEO), optimized for real-time transactions.
- Supports Payment Service Providers (PSP) and EFTPOS devices with backward compatible financial protocols (ISO8583).
- Enables crypto payments in standard terminal messages using existing terminal and card scheme infrastructures.
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Introducing Merchant Token: Empowering the Future of Commerce
HIPS Merchant Protocol (HMP), comprising the Hips Merchant Protocol Gateway (HMP-gateway) and the governing Merchant Token (MTO), presents a comprehensive solution that seamlessly integrates consumer protection concepts from traditional card payment industries into any blockchain platform supporting smart contracts, such as Ethereum, Cardano (ADA), or Solana. We firmly believe that this innovation is the missing link for crypto payments to achieve widespread market penetration and mainstream consumer acceptance. The HIPS Merchant Blockchain, native to HMP, is optimized for real-time merchant transactions, specifically designed for Payment Service Providers (PSP) and EFTPOS devices, with full backward compatibility for established financial protocols like ISO8583. This enables seamless crypto payments through standard terminal messages, leveraging existing terminal and card scheme infrastructures within the Hips Merchant Blockchain ecosystem.