TillBilly, the world’s first Blockchain-based integrated Point of Sale (POS) terminal for contactless Payments, Digital Receipts and Reward Points, has announced the launch of its Initial Coin Offering (ICO), as per the recent press release.
TillBilly provides merchants a “tap and go” point of sale terminal from which customers can purchase product via cards capable of holding either money or TillBilly’s BILL cryptocurrency. In addition, the platform also issues automated digital receipts to customers’ mobile devices, as well as provides centralizes loyalty programs anchored on a single management system.
As noted in the platform’s release, TillBilly helps firms minimize cost as the platform charges 50 to 80 percent less when it comes to transaction fees, compared to most credit and debit card transactions. According to TillBilly CEO and founder Sarthak Moghe:
“TillBilly will not only make checking out of your favorite coffee shop or clothes store a whole lot easier, quicker and transparent, but it will also empower retailers with an assured settlement value in fiat currency, and cost-effective promotions that result in higher conversions and better customer experience.“
The platform’s slated ICO launch will release 186 million tokens through private, public-presale, and public sale.