Home Coins Hedera Hashgraph (HBAR) eftpos pioneers new eCommerce micropayments resolution utilizing Hedera Hashgraph | by Hedera...

eftpos pioneers new eCommerce micropayments resolution utilizing Hedera Hashgraph | by Hedera Hashgraph Group | Hedera Hashgraph Weblog | Jul, 2020


Hedera Hashgraph Team
https://www.hedera.com/blog/eftpos-pioneers-new-ecommerce-micropayments-solution-using-hedera-hashgraph

Sydney — 22 July 2020 — eftpos is collaborating with international distributed ledger firm, Hedera Hashgraph, on a micropayments proof-of-concept that goals to create a seamless Australian fee expertise for net customers by offering an alternative choice to conventional on-line paywalls and subscriptions.

eftpos CEO, Stephen Benton, mentioned the mixing with Hedera is a part of eftpos’ digital funds innovation technique to higher meet Australians’ fee wants into the long run, and goals to reveal how micropayment transactions could possibly be used for on-line content material akin to pay per web page content material or streaming companies on a pay-per-second foundation.

Mr. Benton mentioned that within the proof of idea, eftpos will check the potential of a digital Australian greenback steady coin, enabled by the Hedera Consensus Service, permitting customers to load a pockets with a couple of {dollars} after which pay for web-based content material seamlessly.

“Because the main supplier of debit card funds in Australia, eftpos is properly positioned to offer a brand new means for Australians to work together with the net through dollar-based micropayments,” mentioned Stephen Benton, CEO of eftpos. “We’re excited to pilot Hedera Hashgraph to indicate what is feasible with an modern, improved on-line enterprise mannequin.”

At eftpos, the work can be led by Rob Allen, who has a concentrate on agile innovation and mentioned the proof of idea would assist eftpos discover different use circumstances for the know-how.

“By working with Hedera, we’re leveraging subsequent technology funds infrastructure know-how that may assist Australian dollar-based micropayments and open up totally new methods of conducting enterprise on-line. The Hedera community will allow us to get pace to market and affords us the know-how to course of quick, safe, and inexpensive micropayment transactions for all Australian retailers and customers,” Mr Allen mentioned.

Hedera Hashgraph CEO, Mance Harmon, mentioned the enterprise-grade distributed public ledger allows anybody, wherever, to construct and run quick, truthful, and safe functions on the distributed web. Working with eftpos will mark one other main milestone for Hedera in enabling decentralized funds infrastructure that removes the dependency on pricey intermediaries.

“We’re excited to work with eftpos to simplify the micropayments course of for retailers and retail audiences. eftpos has developed a compelling and spectacular proof-of-concept that showcases an alternative choice to conventional paywall options,” Harmon mentioned. “Working carefully with firms and functions like theirs, we’re assured we are able to facilitate the following chapter within the funds evolution, delivering a safe, clear, enjoying area to conduct micropayments.”

About eftpos
eftpos is Australia’s debit card system, accounting greater than 2 billion CHQ and SAV transactions in 2019 price round $130 billion. For extra info on eftpos, please go to: www.eftposaustralia.com.au

About Hedera
Hedera is a decentralized public community the place anybody can carve out a bit of our on-line world to transact, play, and socialize in a safe, trusted surroundings. Builders can construct safe, truthful, blazing-fast decentralized functions on high of the Hedera platform. Hedera is ruled by a council of world innovators together with Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, College School London (UCL), Wipro, and Zain Group.

For extra info, go to www.hedera.com, or observe us on Twitter at @hashgraph, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper may be discovered at www.hedera.com/papers.

eftpos media inquiries
Warwick Ponder
E: [email protected]
M: 0408 410 593

Hedera media enquiries

Zenobia Godschalk
E: [email protected]

Emily Kielthy
Wachsman

E: [email protected]
T: +353 87 097 2754






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