MECO Pay Initial Whitepaper release

The cultural shift away from physical credit cards is also tied to technologies that eliminate the need to even carry plastic (traditional debit cards): Apple’s ApplePay makes a fingerprint into a payment method, as do “express pay” options for point-of-sale transactions. Altogether, these technologies enable a vision of a future with far less fraud and more time spent on the important revenue-generating activities that drive business forward.

The power dynamics in the payments industry are changing as businesses and consumers shift dollars from cash and checks to digital payment methods. Cards dominate the in-store retail channel, but mobile wallets like Apple Pay are seeing a rapid uptick in usage and paving the way for the future of payments.

Introduce

Virtual terminal; Payment process A virtual terminal is a software application for merchants which allows them to accept payment with a payment card (account), without requiring the physical presence of the card. They are known as “virtual” terminals in contrast to the physical payment terminals used to process payments.

UML diagram showing virtual wallet functionality:

Overview

Virtual payment terminals offer a flexible, secure, reliable, and cost-effective way to accept credit cards. Since the payment is virtual, it's highly secure and protects the business issuing it; These solutions allow users to make quick and easy payments through their phones without the hassle of passing around a company card. You’ll also never have to search for your misplaced debit cards. The mobile element of virtual cards makes online shopping easier and more convenient than ever for businesses while protecting their information.

MECOPay (Virtual Payments)

MECO Pay, Virtual payment system will enable users, customers, merchants make retail and metaverse payments globally, utilizing dynamic payment cards to conduct cryptocurrency and fiat linked transactions. (The terminal exists virtually; it lives online, not on your countertop. To access it, simply pull up a web browser,type in the web address of the terminal and you’re in.)

MECOPay fills the void as a blockchain open payment and settlement system designed to meet the needs of Metaverse users for fast, secured, flexible peer to peer or institutional transactions. Virtual dynamic payment cards will allow easy decentralized access to crypto payments even in centralized business operations, allowing merchants, users to settle retail or metaverse financial payments, transactions using supported cryptocurrencies.

MECO Pay virtual payments terminal will be accessed by web extensions and built decentralized applications extending to mobile applications.

MECO Pay Save Crypto and Blackhole

MECO Pay payments system application will integrate a borrow function, This way users and merchants can find options to borrow cryptocurrency (stablecoins) and still be able to perform transactions, spend the actual value of their crypto assets. This will enable the system users to grow their portfolio while still able to spend!. MECO Pay will complete this functionality, second quarter, 2022.

Blackhole:

MECO Pay “Blackhole” will enable private transactions. This decentralized protocol will keep transactions private, allowing users to hide wallets from the blockchain ledger while sending or receiving, making enabled transactions autonomous.

Virtual Payment MetaCards

Users can register and own virtual debit cards to manage contactless retail and metaverse payments and transactions using supported cryptos. Operational Roadmap, Phase I Fourth quarter, 2021

➔ Concept development: Whitepaper initial release Tokenomics organized Roadmap devised Website design and implementation

➔ MET token, Creation: Tokens deployment Contract audit GitHub (contract codes) released

➔ Community establishment: Team KYC Patrons, customers (user base) Social campaigns Media publications User generating bounties AMAs and Public awareness

➔ Token adoption: Pre token sale liquidity provision Market making campaigns AMM listing Market portfolios listings

➔ Application model and integrations: White-paper conclusive release Service integrations, Web App

First quarter, 2022

➔ Utilization Audit report Application full release Market making campaigns Service integrations New market listings

Second quarter, 2022

Advance services: Save Crypto, Blackhole Mobile application

Global market campaigns Roadmap Phase II development.