MF Chain Aims to Leverage Merchant Payment Integration to Unite Users, Merchants and Innovators
MF Chain aims to leverage merchant payment integration to unite users, merchants and innovators, in order to provide a solution for a great number of problems in commerce. MF Chain is building a complete, open source blockchain platform with the main goal to help drive cryptocurrency adoption in the mainstream and build a platform within the community first.
Modern Finance Chain recently announced the release of the MF Chain Payment Solution MVP (Minimum Valuable Product). Hosted on the MF Chain Github, a downloadable APK for Android can be found here: https://github.com/mfchain
The APK is user-friendly, simple and sleek because the MF Chain development team wanted to ensure ease of integration and merchant adoption. Once merchants create and have their account verified, their ability to process payments and begin earning 1% crypto-back is ready to go.
Created specifically to not force users to a proprietary wallet, the payment solution integrates supported cryptocurrency wallets through API. This unique feature offers the merchant the freedom of choice and power to choose how and where to send their cryptocurrency.
Obtaining payments is just as simple. Once the final amount to be paid is ascertained, merchants just enter in the total amount (after any applicable taxes), the MF Chain app converts the cash amount entered into the correlating amount in all supported cryptocurrencies. By simply selecting the crypto the consumer wishes to use, a QR code is displayed for consumers to scan and complete the payment process.
To make sure the cash is properly converted to cryptocurrency, MF Chain has integrated a combination of exchange and aggregator APIs. Updated by the minute, this protects the merchant and consumer in this transaction. To further help mitigate price volatility, merchants can select to have cryptocurrency converted to cash. This also results in the merchant receiving cash in their bank account faster versus the traditional credit card payments that place up to a 3-day hold, simply to process the payment.
MF Chain’s MVP proves crypto as a form of payment is not only rewarding, it solves complexities in traditional commerce.
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