TokenPay CMO Steve Stanfield & CEO Derek Capo about TokenPay Merchant Platform
In this interview, TokenPay CEO Derek Capo & CMO Steve Stanfield are talking about TokenPay Merchant Platform. If you enjoy it, remember to check out our cryptocurrency wallets and decentralized exchange over at TokenPay.com.
All right, now the tokenpay merchant platform! We released a screenshot of that on Twitter and telegram. If you didn’t get to see that, it will also be in the ecosystem report. That will be published right after this call. I’ve been working with the team a lot on that platform. We’re building something that’s easy to use and it gives merchants all the tools that they need to transact in crypto. Easy to use though, where you don’t need to know like the family computer guide to set everything up.
It lets merchants actually be able to cash out to fiat. Is that correct Derek? Yes, so eventually not the first version but we’re planning by q1 to be able to convert that. Merchants will eventually be able to do that directly in the system. So it’s pretty much automatic, compared to other cryptos. If they choose to or they can go to any of the ATMs that will have tokenpay or any of those other cryptos to be able to cash out some of those coins. So yes, it’s just a process.
We’re gonna have a certain version MVP launched in December. We’re looking at third week of December, then after that it’ll be a slow gradual improvement, so that we can get all the features that we’re looking for. We will have a referral program as well with the merchants, because we want all the people, all over the world to start referring to local businesses. Eventually people will start doing downloading our mobile app which will start connecting to the merchant services and it will start creating this vortex.
I guess they call it the flywheel. If you ever research about the Amazon flywheel and how they basically bring in somebody from one avenue and eventually they get stuck and they bring in, they stay with another. It’s like, let’s say you go to Amazon and buy you know microphone and after that you realize oh! they have videos and streaming that I can also use. Oh, I noticed that there’s stuff that I could buy for bedding and sheets or whatever, right! So we look at it as one some red ship comes into an ecosystem in one way or a consumer comes in through another way, eventually that will start to really increase of growth in regards to our ecosystem.