Introduction
How many people do you know who use digital payments for every purchase they make in a day? Well, It depends on the region you live in. If you are a resident of a developed country then digital payment is nothing new for you but, if you are resident of a developing country, Even though you want to use digital payment then most of the time vendor is not ready for it. Billions of people possess mobile in the developing countries but the rate of digital payment is still very low. The financial inclusion is the only answer to the problems.
There are many countries where integration of digital technology with traditional system is very slow. According to World Bank report, more than 3 billion people are without a bank account. They do not have the financial security provided by the banks and their services. These are the people from low-income groups who need to be brought under the nets of banking and digital payments. They are food vendors, gas stations, small business owners etc. They are to be included in the digital revolution to improve the statistics. They represent 6.5 trillion $ in transactions daily. They are the lifeline of our daily needs. They are an important piece which needs to take care of before anyone.
There is no method to incentivise them towards using the digital system and this hinders the progress of digital payments. Also, there are a few problems with the current digital payments systems too which encourages merchants to avoid it. The charges involved, connectivity problems, lack of required digital infrastructure, and long application process.
We need an efficient, transparent, and open platform which encourages merchants to use digital payments and incentivises them for it. This platform will work wonders for developing countries where mobile penetration has been huge. We can take advantage of such high mobile penetrations by providing a mobile-based application for banking and payments without the involvement of any third party.
Solution
BELUGA offers an application which can be easily downloaded in the mobile for different purposes. It provides a platform where traditional payment system has been integrated with the cryptocurrency. Currently, there are many middlemen present in the payment ecosystem such as acquirers, issuers, gateways, card networks, and ISOs.
The BELUGA platform brings all the parties on a single ecosystem which streamlines the process of the digital payment system. There are different BELUGA platform editions available for different purposes. A few of them are mentioned below.
· BELUGA Point of Sale: It is for small business owners and merchants. They can do their digital transactions using BELUGA PoS platform.
· BELUGA Restaurant Edition: It can be accessed by the restaurants and hotel owners for their digital payment system.
· BELUGA Peer –to- Peer Payment: This platform is for digital payment between any two persons without the involvement of third parties.
· BELUGA Payment DATA suite Platform: This edition provides a meeting point for fiat currency and the cryptocurrency. It also acts as an exchange point for different kinds of currency owners.
There are various steps involved in the process of working of BELUGA platform but all of the above-mentioned platforms run on the BELUGA blockchain.
ICO Information
Their ICO campaign starts on 14th December 2017 and will end on January 31, 2018. Their token is available under the ticker BBI (Beluga Banking Infrastructure). It is the ERC-20 standard. Their pre-sale is open now which started on 14th November 2017 and end on 14th December 2017. They have developed a future roadmap for their fund allocation. They wish to utilize the fund for research and development of their platform. It will also be used for future expansion of the platform.
Team
They are blockchain evangelist, expert bankers, software developers, blockchain developers, communication specialist, product designers, and Expert business managers. Their only mission is to include everyone in the digital payment circle.
Why Should You Invest
Unlike other crypto startups, their FIAT and crypto credit card products are live and support traditional payment system. They have a partnership with top financial institutions. BELUGA wishes to gain local support and enter the global market through this BBI token sale.
Their proven expertise in this domain is evident from the product portfolio. Time has come to be part of the system which includes everyone and from everywhere and completes the idea of the global village in the 21st century.
Visit:
Website: https://belugapay.com/
Whitepaper: https://belugapay.com/assets/beluga_whitepaper_v10.2.pdf
Authored by: Etheran
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1108165