Transfr — A decentralized Point of Sale application.
Our goal is simple- we would like to bring Cryptocurrency adoption to the retail market while helping business owners and consumers bypass all of the hurdles of accepting and using Crypto for payments.
Currently there are a few challenges that limit business owners and consumers from using Cryptocurrency in their day-to-day transactions. We’ll break them down below.
Speed — Waiting 4–6 hours for confirmations is more than enough to for the average consumer to use an alternative. We are currently brainstorming solutions that will allow specific transactions to be processed faster.
Volatility — As a consumer or business, accepting or spending currencies that can fluctuate any second can be scary. Fortunately we will be supporting USDT, which is a stablecoin (1 USDT = $1).
How does it work? Streamlining the process is key to getting adoption for Cryptocurrency. Research shows that mobile Point of Sale apps — known as mPOS — are the fastest growing segment of the PoS market. For this reason we have decided to initially launch with both mobile and web apps utilizing QR codes
Simply set up your Transfr account, add your products and start selling. To help you get up and running as quickly as possible we will provide tools to import your product catalogue. Once an item is added to the checkout, select your payment method (BTC, LTC, ETH) and let your customer scan the QR code.
We will not be taking any additional fees or service charges. The applications will be free to use and download. Transfr is still very early in development so keep an eye out for updates. You can view our application mockups here.
