A number one Australian debit card community is utilizing Hedera Hashgraph to trial a micropayments system that would rival conventional on-line st
A number one Australian debit card community is utilizing Hedera Hashgraph to trial a micropayments system that would rival conventional on-line strategies.
In an unique press assertion shared with CoinDesk on Wednesday, Eftpos Australia CEO Stephen Benton mentioned the collaboration between the 2 corporations is a key a part of Eftpos’ digital funds technique.
Eftpos is Australia’s main debit card funds system having clocked greater than 2 billion transactions in 2019, price round AU$130 billion (US$92.eight billion).
The technique is trying to showcase using micropayments for on-line items and companies together with pay-per-page content material and streaming platforms on a pay-per-second mannequin.
Benton additionally mentioned Eftpos would “take a look at the aptitude” of an Australian digital stablecoin leveraged off the Hedera Consensus Service API.
The venture might be led by Eftpos entrepreneur-in-residence Robert Allen who will give attention to funds innovation.
Allen mentioned the proof-of-concept would help Eftpos in exploring extra use instances for distributed ledger know-how by leveraging “next-generation funds infrastructure” that might be able to “help Australian dollar-based micropayments.”
Hedera welcomes the collaboration particularly since its native token HBAR fell flat of expectations on preliminary launch in September 2019, dropping from a excessive of $0.36 cents to round $0.03 in a bit over two weeks.
HBAR has since steadied itself and is up 1.34% over a 24-hour interval to round $0.04, in response to crypto knowledge analytics agency Messari.
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