Blockpay is a point-of-sale system for cryptocurrencies. It is designed to be universal: supporting all digital currencies, wallets, fiat banks, and merchants. Merchants face zero fees. Customers pay a .5% fee but earn loyalty points. It already works with Odoo, which reaches 60,000 merchants.
It is one product of Bitshares Munich, which is also developing Echo (a blockchain-based messaging platform + cryptocurrency wallet) and Stealth Transactions, a feature for private accounts and transactions on the Bitshares ledger.
The overall vision of Bitshares Munich is to offer an encrypted POS system that customers can use as easily as WeChat and merchants find is easier and cheaper than credit card payments.
The company doesn’t have a whitepaper but has built five proofs-of-concept. Their youtube channel has numerous overviews and demos. The team says they have hired over 45 people around the world as they grow their sales team and they are ready for deployment. Blockpay will run on graphene, the blockchain protocol behind Bitshares.