SecuX Technology Inc., a blockchain security company, foresees the emerging of cryptocurrency payment and the requirement to let various Brick-and-Mortar retailers accept different cryptocurrency tokens through multiple wallet apps and a single device.
Although cryptocurrency can be transferred from one account to another via a pair of mobile wallet app in the P2P scenario, however, this approach is not appropriate in the most retail environment.
Using smartphone as a payment terminal
The first one is a White-label APP that can connect to most existing and emerging cryptocurrencies
For example, for merchants with more than one service staff, using a smartphone as a payment terminal means to install the merchant’s payment account private key into a shared mobile phone accessible by many service staff, and it’s a big threat to payment security. Another example is the existing vending machines or laundry machines.
There are millions of automatic service machines that accept coin and paper today, but it is not possible to install a smartphone inside every machine. SecuX cryptocurrency payment solution includes three components. The first one is a White-label APP that can connect to most existing and emerging cryptocurrencies.
Military-Grade security element chip
The second one is payment terminal/module which can operate standalone without an internet connection or connect to any legacy POS system or installed in existing self-service machines or vending machines. The third one is an optional hardware wallet with a military-grade security element chip inside.
SecuX invites worldwide frontier partners including financial institutions, payment service providers, retailers who have physical shops and chain stores, alliances who issue crypto-coin/token and business circle to SecuX booths at CES. Visitors will see how SecuX bring partners to connect crypto payment with the user owned POS system in the way of faster, lower cost, and more convenient for user experience.