The Debit Payments industry is worth trillions of dollars. Interestingly, the industry is growing at a tremendous pace, as the world’s economies keep shifting from cash systems to card payment systems.
And since retail customers are driving the growth experienced in the industry, companies are gearing up massive windfall in the industry.
TillBilly will be well equipped to disrupt the current balance since most players in the industry use the mainstream POS system for the facilitation of car payments. The company is bringing an innovative approach to the system.
Instead of a POS system backed by mainstream currency, TillBilly’s POS system will be powered by blockchain technology. That’s the first time it’s happening in the industry.
With this unique approach, the company intends to streamline the card payment process and make blockchain a widely accepted technology within the industry.
The idea is to lead in the innovation of blockchain debit payments. It will serve a wide network of customers and merchants all over the world. However, the only major problem is whether the project could be able to scale through within the highly competitive and monopolized debit payment industry.
TillBilly is a digital payment solution based on blockchain technology. It has a unique POS hardware that empowers everyday shoppers to make card payments. Customers or shoppers can make payments, get digital receipts and get loyalty rewards. Also, shoppers do not have to deal with the price volatility or complexities associated with cryptocurrencies.
With the help of TillBilly, customers can bypass payment gateways and card processing companies who charge high fees for their transactions. Also, it offers better protection of the identity of customers and shoppers, which reduces the amount of fraud in card payment systems.
TillBilly provides a plethora of options for customers and shoppers to fund their wallets through its innovative NCF terminals.
With TillBilly’s involvement, the difficulties of cryptocurrencies and blockchain are hidden from merchants and shoppers. Shoppers don’t need to worry about these complexities, because the platform has taken care of all the hassles involved in card payment systems. The TillBilly system reduces transaction fees and removes intermediaries. Its terminals will offer support for the Stellar SLM and the proprietary BILL tokens.
The pre-sale of the TillBilly began on September 1, 2018, and ended on October 15, 2018. Its ICO for the token started on November 1, 2018, and ended on December 15, 2018, with a total ICO supply of 1 billion. The token is registered in Australia with limited countries in the United States and China. TillBilly uses the IOE platform and accepts XLM as its ICO token currency. The token distribution for the utility is as follows:
TillBilly hopes to allocate the ICO funds for the project in the following order:
Network growth (475), post-ICO Obligations (13%), Escrow pool (33%), and funders entitlement (7%).
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| Start | November 1, 2019 |
|---|---|
| End | January 31, 2020 |
| Expired | |
| Token | BILL |
| Soft cap | $11 500 000 |
| Hard cap | $115 500 000 |
| Minimum investment | 1 BILL |
| Accepting | XLM |
The project has a strong team of experienced personnel in the debit payment industry. That’s one area where they could use to gain a competitive edge. The concept is also a nice one, as the project will be the first of its kind in the industry. The team members have also been open with information regarding the project. In this type of project, investors need to have confidence in the execution and continuity of the project. That’s what the team members have been projecting. With what is on the ground and the current level of awareness on the token, the project could be a successful one.
Annie Kay February 25, 2020 Reply
I would have ignored TillBilly if they had built their debit payment platform on the Ethereum blockchain, which has massive scalability issues. The fact that the team went with the Stellar blockchain had really influenced my stance on this startup since it serves as an indication that the team understands the burning issues, associated with the blockchain, and applies the most appropriate tech solution.
Taylor Mason December 19, 2019 Reply
