DUBLIN, Ireland – April 2, 2021 – HIPS Payment Group Ltd., a provider of innovative and cost-effective e-commerce and mobile payment solutions, today announced that their highly anticipated project, MTO, has launched, alongside their Merchant Protocol (HMP) and the Hips Merchant Protocol Gateway (HMP-gateway).
HIPS Merchant Protocol (HMP), the Hips Merchant Protocol Gateway (HMP-gateway) and the governing Merchant Token (MTO) is a solution that introduces consumer protection concepts for the traditional card payment industry.
“We believe that the consumer-oriented features of MTO are the missing piece for digital payments to have a market penetration and mass-adoption among mainstream consumers,” says John Cavebring, CEO of Hips.
A widely adopted, completely on-chain Merchant Payment Protocol would need to have comparable transaction throughput like US exchanges such as the NYSE from an underlying platform in order to scale.
With near real-time transaction speeds, the platform is designed for merchant transactions regardless if they are mobile, instore or ecommerce and utilizes the interchange concept from the payment card industry, HIPS provides a solution for improved payments to gain worldwide global consumer adoption.
The platform launchpad is live from 1 of April 2021 to 30th of June 2021 and can be found at merchanttoken.org
More information can be found at merchanttoken.org or hips.com
About HIPS Payment Group Ltd (hips.com).
HIPS Payment Group Ltd. is a provider of innovative and cost-effective e-commerce and mobile payment solutions. Built on cutting edge technology, Hips is disrupting the finance industry with its Payment gateway for Point of Sale, e-commerce and m- commerce, a fully integrated, digital financial commerce platform with full reconciliation and financing support.
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