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, 6 tweets, 2 min read Read on Twitter
One of the key 'real world applications' for us is a mobile #PoS payment system.

To make this a reality there are a few things that need to be true...(thread)
1) The currency should hold consistent value across all territories and can be transferred internationally without cost.

2) For #peer-to-peer payments, it’s free and near instantaneous.

3) Transactions take just seconds compared to hours-to-days with conventional bank accounts.
In contrast to other #cryptocurrencies, our goal is to enable the use of temtum for everyday purchases, for example at major retailers.

It uses the NFC capability on a smartphone interacting with standard POS terminals, which are in widespread use in developed economies.
KEY - The merchant is unaware that temtum is being used. (A merchant always has, if they want, the ability to receive temtum directly into their wallet, but that is not the purpose here).
We intend for any user with a @wearetemtum wallet to be able to make purchases using conventional payment networks, such as #Visa for instance, with total transparency to the vendor who will see only a fiat money transaction.
The payment process can be as fast and convenient as payments using the conventional currency.
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