As we mentioned in the Beluga Pay whitepaper, Beluga Pay believes that a crypto currency exchange is an important part of being able to offer the best rates and fastest service for transfers between FIAT and cryptocurrency, and vice versa.
Having a secure and fast capability for merchants to instantly sell cryptocurrency to FIAT will be an important part of establishing point of sale devices. Some merchants do not want to risk holding cryptocurrency and Beluga Pay must be able to provide them with instant FIAT deposits in order to gain market acceptance.
We have seen other existing exchanges in South Korea realize that they are in an optimal position to transact between FIAT-Crypto currency and launch partnerships with point of sale systems to leverage this advantage.
Beluga Pay is developing a decentralized exchange with the intention of being able to provide the best rates, lowest fees for our merchants who want to exchange altcoins and cryptocurrency into FIAT, and vice versa.
For merchants, we expect the exchange to be completely behind-the-scenes process, with an instant click of a button, to reduce the potential risk of volatility with particular crypto.
We expect that Beluga Pay having its own exchange will enable us to make more seamless, secure transactions for the benefit of all merchants. https://medium.com/@BelugaPay/upcoming-airdrop-details-7b07f02d6430
So am I right that you plan to develop an exchange? Did you told this in your Whitepaper? I can't remember that I have read something like this! And if you didn't plan it, why you changed your concept?