**NEWS** We’ve been researching, studying, and investing to determine where the future of payments infrastructure will be best served on the blockchain. Because wherever that is... @Payometry wants to be. 1/10
@Payometry After considering the three chains we found most likely to assume some form of payments infrastructure, one project stood head and shoulders above the rest. 2/10
@Payometry We are very proud to announce that we will be joining Constellation Network's second incubator cohort, the "V2 flight program." @Conste11ation#FlightV2
Our end goal is to build several pieces of Payometry IP rooted in our proprietary data-set within the Constellation ecosystem and to provide a detailed record of our experience and observations for our friends and colleagues in the payments industry. 4/10
In the weeks and months to come, we hope to provide educational content as we move forward to understand how Constellation's unique hypergraph works and why it is unquestionably the place for payments infrastructure to reside in Web3. 5/10
We expect Constellation’s work with the United States Department of Defense, Splunk, and AWS will be intriguing to you.
6/10 #DoD#AirForce#USA 🇺🇸
We’re pretty certain that their incredible *fee-less,* plug-and-play, next-step-beyond-proof-of-stake PRO (Proof of Reputable Observation) technology is what will be of most interest to all.
We're skipping the moon 🚀🚀and heading right to the stars!✨✨✨✨✨✨✨✨✨ 7/10
@jkwade@ninamohanty@finix When a software company becomes a Payments facilitator (payfac) they’re not “bringing Payments in house” to do them for themselves.
The software company (already providing a service for merchants: like a cash register) can now also offer to the merchant card processing. 1/
@jkwade@ninamohanty@finix Now, this would mean that the merchant would stop using Stripe if that had been their processor and replace them with the software company using Finix.
But more importantly, that software company is now re-selling the payments services to the merchant using its cash register 2/
@jkwade@ninamohanty@finix The cash register company is buying those services from the acquiring bank (maybe for $0.02 + interchange) & now charging the merchant whatever rate it wants ... but less than Stripe (2.9%+$0.30 per sale.)
The cash register company now sells is software AND payments services 3/