New Tron (TRX) Payment Platform Under Development - To Bring TRX Directly To Stores

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New Tron (TRX) Payment Platform Under Development - To Bring TRX Directly To Stores

Posted on October 11th, 2018 in Altcoin by Ryan Warner

A new payment system for Tron is under development, allowing stores worldwide to accept TRX.

The platform, which is called Poppy, will run on the popular cloud-based point-of-sale system Clover that stores currently use to accept Credit/Debit card transactions and gift cards. Retailers who download the Poppy app will be able to accept Tron (TRX) and other Tron tokens for transactions.

TronCards will be used to accept payments with Poppy, which look and feel like debit/credit cards but also serve as a wallet and payment method for Tron and Tron tokens. Generic Tron wallets are also supported.

Sesameseed is developing Poppy, a crowdsourced Tron-based DApp accelerator community.

Sesameseed stated

“Since their development, the ability to pay for everyday purchases quickly and effortlessly has been the goal of many cryptocurrencies. To this day, there are few to none that have succeeded at allowing them to freely transact in the world. Merchants and retailers continue to be unable to accept cryptocurrency payments in-store or online.”

“Poppy is designed to solve that issue by bridging both crypto and fiat payments, utilizing TRX and other TRON tokens with additional Visa, MasterCard and cash payment support, offering a diverse functionality in terms of its payment and redemption platform. With its innovative utilization of Clover POS, TRON Blockchain, TronCard, and Seedit, Poppy will give merchants and retailers the freedom to execute cryptocurrency transactions quickly and efficiently all over the world and online.”

Clover doesn't allow the creation or sale of cryptocurrencies, but Sesameseed says they allow the creation of third-party apps that facilitate cryptocurrency transactions. 

According to Sessameseed's contact with Clover

“…the use of the TronCard itself, how the funding of this card will not be done at the terminal, rather through an associated application, we are ok to create an application that performs the transaction so long as we do not perform the fiat->virtual currency transaction (operate as an exchange).”

The project is seeking to raise $240,00 from the Tron and Sesameseed communities in order to create the point-of-sale system and TronCard.