Rainy day crowdfunder Haftoo chooses Plaza’s fast, efficient payments solution

A cryptocurrency crowdfunder for those who require temporary debt-free financial relief, Haftoo, has chosen to build out its decentralised application (dApp) based on Plaza’s MerchantChain.

Critical to its model, Haftoo plans to issue a fixed-value crypto based on the MerchantChain Transaction Coin Standard.

Plaza CEO & Chief Architect Kevin Johnson

Plaza CEO & Chief Architect Kevin Johnson, who is also Chief Architect for Haftoo, said: “Haftoo has to employ a fixed-value cryptocurrency to ensure that the funds raised for an urgent bill payment will indeed cover the bill.

“Furthermore, Haftoo recognises how the Plaza MerchantChain offers the transaction speed and efficiency required for small transactions.”

The brainchild of Michael Sinclair, who is also Plaza’s Chief Marketing Officer, Haftoo aims to relieve short-term financial distress experienced by ordinary people from time-to-time.

Haftoo CEO Michael Sinclair

Mr Sinclair said: “Haftoo allows people to secure debt-free financial assistance from friends and strangers without burdening any one person.

“Every Haftoo donation from one individual to another is only US$1 — no more or less.

“Thanks to the Plaza MerchantChain, Haftoo will be able to swiftly and cheaply process many small transactions of a dollar each to deliver financial relief to those who need it.

“This would be impossible on first- and second-generation blockchains like Bitcoin or Ethereum.”

Last week Plaza announced a partnership with KureCoin.

More about Haftoo in the video below:

Plaza has launched a pre-ICO sale in partnership with KickICO. Purchase of PLAZA using KICK on KickICO attract an ADDITIONAL 10% bonus, which means a 35% total bonus. Ends September 12, 2018.

About Plaza

Plaza occupies the intersection of lifestyle and technology.

We are developing the Total bCommerce™ solution, which includes the fast and future-proof MerchantChain™ , the MerchantChain Transaction Coin Standard™, and the Freedom Lifestyle™.

MerchantChain is a blockchain-infused commerce (bCommerce) infrastructure upon which others can build decentralised applications

The MerchantChain Transaction Coin Standard provides valuation stability and certainty for everyday transactions.

Freedom Lifestyle is a suite of product search & payment tools that offer:

  • The ability to quickly and conveniently browse the best shopping deals across the whole internet, anytime, and from anywhere;
  • The privacy, savings, and security of cryptocurrency payments; and
  • The sensible flexibility to enjoy the products of any vendor using non-cash payment methods everyone is familiar with.

Follow the links below to find out more:

Website: plaza.systems

White Paper: plaza.systems/whitepaper

Yellow Paper: plaza.systems/yellowpaper

More news & opinion from Plaza: medium.com/plaza-systems