Looks nice.
But there are many competitors already. There is Pundi X solution with POS devices and they are going to deploy them soon.
What about your regulatory approvals?
We personally do not believe that there is a comparable product to BaapPay on the market. Yes, there are similarities with different projects, however, they do not offer all the functionalities into one project. One project may offer a liquidity pool, however, they might not offer fiat merchant services. Another project may offer a Appstore, however, will use a third party to process their payments, and etc. Our platform combines many aspects; Payment gateway, POS, and app store and even a cryptocurrency exchange. Also, will do not want to be dependent upon third party services, ie, processing payments under a third visa/mastercard account, as they may deny your service at any time, if some sort of issues were to arise.
Pundix looks like a really great project, however, I think you are comparing two different projects. Unlike Pundix, on our platform, our merchants do not have to use our POS system. A third party company can develop and deploy their own POS app on our system. In this situation, merchants would just use our payment gateway, devices, app store. Example. company X is a well know POS software company, they can develop and deploy their app onto our platform. Company X would not be limited to only our platform. As they may have another payment processor for their android/ ios platform. Company X now offers their customers different options and are not restricted to one payment processor. In addition, developers may port apps from android or develop specialty apps for our devices and integrate them into any POS app.
We also offer a economical device, “MPOS” which can turn your desktop, mobile or tablet into a payment terminal. Another feature is the liquidity pool, giving merchants the option to convert crypto in fiat and guaranteeing the transaction in seconds.
As for product deployment, we are not that far behind Pundi X(in terms of deploying the same type service), as our POS should be ready for public beta testing within the next couple of weeks and a full release soon after. Within 3-5 months we shall have completed the deployment architecture integration of both devices, meaning that we can plug in any payment gateway, be it ours or a third party. ( which is what i think they are deploying now). Therefore, even though we will started 4 months after them, if were were deploying the same services,(we still have the payment gateways and app store to develop) we would only be 3-5 months behind. Also, we are not sure if they are offering PCI certified devices, however, in most first world countries, ie North America, Many European countries etc. only PCI certified devices are allowed to be integrate and transmit payments. However, with that said, it still looks like a great project.
As for regulations, it is dependant upon each region and country. Each will have their own rules and regulations that must be complied with. Thus, our system will have limitations and will be developed to each region’s regulations which would be relayed according to the users IP.
