BizzCoin Point of Sale (PoS) system will serve as an advanced gateway to pay for any products or services using BizzCoin tokens anytime, anywhere. This will empower every business – from mom and pop shops to SMEs to large enterprises – to use cryptocurrency without the need to pay any significant fees.
The point of sale system will potentially benefit businesses and individuals when making cross-border payments for products or services as the BizzCoin point of sale system will not only expedite the payment process but also make it cost-efficient and transparent. Furthermore, it will eliminate the need for the buyer to convert his/her national currency to the supplier’s country’s currency as BizzCoin tokens will serve as a global currency and hold the same value worldwide.
As for the working of BizzCoin point of sale system, the platform will operate as follows:
1 The merchant will have the option to input the price of the commodity
2 BizzCoin PoS will convert the merchant’s price to equivalent BizzCoin tokens, along with the transaction fee
3 The buyer will pay for the commodity using BizzCoin tokens by scanning his/her QR code
Once the merchants are paid in BizzCoin tokens, BizzCoin PoS will enable the merchants to liquidate their tokens with other cryptocurrencies in their merchant account. The BizzCoin PoS system will be linked to an exchange platform and have a wallet integrated into it, to enable seamless conversion of BizzCoin tokens to merchant’s preferred cryptocurrency.