Learn more about BelugaPay at: https://www.belugapay.com
Join the BelugaPay community at: https://t.me/belugapay
This video is sponsored by BelugaPay.
https://www.belugapay.com/faq.jsp
What’s with the logo? It’s like a Dolphin tail. Does it mean that once you use BelugaPay you feel like you’ve been slapped in the face with a wet fish?
Fish clip:
I don’t think that was the intention of the graphic designer who made it no.
On a serious note they named their company after the Beluga whale because they are building their company culture around the traits of the Beluga Whale.
I read up on Beluga whales during my research and the biggest similarity I saw between the Beluga Whales and Beluga Pay is that they organise into pods yet sometimes an individual whale can travel hundreds of miles away.
When I read this it reminded me of how BelugaPay have their main office and the most staff in their Mexico office, but have remote team members in many other parts of the world.
What I took from that is while these remote workers are distant, they are not see as any less part of the Beluga family.
BelugaPay itself was actually established way back in 2014 as a regular point of sale system, that’s the system merchants use when they interact with a customer.
The Problem
https://www.belugapay.com/products.jsp
If you are a merchant running a business you want as few software systems as possible because, while you can connect different software systems together it can become difficult to manage.
This applies to the world of cryptocurrencies right now because many merchants have their existing point of sale system and then they may have a separate system dedicated to accepting cryptocurrency payments.
The Solution
https://www.belugapay.com/index.jsp
BelugaPay offers an all in one solution so whichever way your customers want to pay, you have it all in one integrated system.
And more than that, BelugaPay isn’t like BitPay who offer the ability to add Bitcoin as a payment method on your checkout, BelugaPay is a complete point of sale system.
The difference is that BitPay and similar systems just process payments, while point of sale systems like BelugaPay are complete systems that handle payments, keep track of inventory, help manage long term relationships with customers and analyse all your sales data to make decisions.
And BelugaPay is designed to be mobile so it can run on a smartphone, a tablet or a laptop, making it suitable for everything from fuel stations to restaurants.
Here’s an example of someone paying with crypto at a service station:
That video shows the lady opening up the Beluga app to pay however I don’t think they will be necessary. She should just be able to send Ethereum from whatever wallet she has.
The merchant would be using the Beluga app for sure, but the customer wouldn’t have to.
The Product
[show home page section BELUGA PAY is Already Live!!]
https://www.belugapay.com/index.jsp
Based on their whitepaper and their promotional material I got the impression that their product is aimed at developing countries that have mostly cash economies.
They quote some data about how the number of transactions a person does increases significantly once they get the ability to do digital payments, even a credit card.
https://www.belugapay.com/products.jsp
They also have a specialist product for restaurants that goes even further than a point of sale system allowing you to order from a tablet on your table and having that order get printed out in the kitchen.
The Token
[home page section BBI Token utility diagram]
If you hold BBI tokens you receive a share of the transaction fees that are processed through the system.
0.5% of all transactions go to token holders. I assume that’s 0.5% of all volume through the system and not 0.5% of fees collected.
That got my attention so let’s dig into the revenue share a bit here.
https://www.belugapay.com/assets/beluga_whitepaper_v10.2.pdf
On page 20 of their whitepaper they estimate $50m worth of payments will be processed in 2018 and $400m will be processed in 2019.
Worst case scenario say they sell out all 100 million tokens.
Returns formula:
https://docs.google.com/spreadsheets/d/1O2RGXK0d-HAb5IZp7s5ZOFMwZhddrR4GFmqnzCzBarg/edit#gid=0
The grey fields contain formulas but you can play with all the other figures.
Based on these calculations you’re not likely to get rich from the cashflow, but none of this is financial advice anyway.
I’m just sharing my observations with you.
Other things you can do with the token are…
So the membership and gas use cases are for merchants, the loyalty rewards are the customers and the fees are for the investors.
The Token Sale
As stated on the front page of the whitepaper the token sale is not available to citizens of the United States, Canada, Singapore or China.
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This is excellent! We need more and better choices to convert crypto to USD and vice-versa! The more options available, the faster this space will gain acceptance and grow!
Thanks a lot for sharing all this information with us all, well done!
This is pretty darn cool and a revolution in itself if it is to be functioning off of different Bitcoins & Ethereum. My first questions would have to be: Does it get slowed down at the same pace the Bitcoin & Ethereum environments slow down to everyone now knows as sluggish performances or does it have a base connection allowing it to bypass this major problem both cryptocurrencies are suffering from?
Many tools of this nature are becoming urgent and almost necessary as the merging of fiat and cryptocurrencies is happening at an accelerated rate.
Thanks for sharing this with us all! Namaste :)
Great ICO, 99.9% chance for profit and does good for the ecosystem! :) Seems like the team is working and are serious about it. Also Latin America is a huge market to be capturing!
Very good to know and excellent point relating to South America onboarding into the cryptocurrency train. Namaste :)
DigiByte handles 560 transactions per second today and doubles every two years. Transactions cost $0.005.
https://digibyte.io/portfolio-3
Pretty cool... Thanks for sharing. Glad to read it has some scalability too... this little chart is pretty telling:
Namaste :)
That’s the useful and high quality comment .
Thanks a lot, it is much appreciated. Glad it might help many... hopefully even more people, if the answer comes our way! Let's see... Namaste :)
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Isn't it more expensive to pay through crypto then through VISA?
Absolutely not! To top it all, the little it cost one to use the transaction of the network goes right back into our pockets as we are all the share holders of the network itself! ;)
Namaste :)
No it doesn't, with Bitcoin the miners profit for example...
I was talking about the Bitshares platform, not Bitcoin, if you follow the thread we had left earlier... Maybe you meant to leave the message to @nutela just above my last comment?
Namaste :)
Nice review!
Nice article. Im skipping ads for beluga on youtube last couple weeks so I finaly got to find what it is :D
Btw. that logo looks very similar to the logo I made for whaleshares about 6 months ago..
Hello, @marketingmonk! I'm just wondering if you're the one who really chatted me on Steemit Chat. Was that you?
welcome to steemit @marysent !
Thank you! :)
No that was not me
really thank you very much for this information.
I was just thinking about a good and permanent way to withdraw some of my BTC in Cash,, and this could be my final and best solution.
Thats some future sh*t right there! Thumbs up!
I like this a lot. Paypal 2.0 . Keith Wareing was also promoting it. it's a little bit overpriced for an ICO, about $2.5 a coin but worth a 0.5 eth punt.
I agree , new emerging ICO tokens are on their way to coinmarket
@marketingmonk : thanks for such a informative post.
My question is normally, it takes more that 15 minutes for a transaction in Ethereum and more in Bitcoin to get validated and added in next block. Then, how is it possible that the payment done by this app gets reflected immediately?
Hey & Thanks for the nice read.
First of all It is nice to see genuine writers on Cryptos writing detailed in depth stuff.
That's what I try to do and hopefully there are more of us that can provide rich content on cryptocurrency so genuine readers can start coming to Steemit and start to read our stuff.
So this gives me a lot of encouragement to see other knowledgeable writers who want to write a long post on a specific token.
I had briefly looked into Belugay Pay but now I am going to do more research on this after few interesting things in the Article caught my attention.
I would like for someone to discuss more about who the competitors are for Belugay. Anyone ?
seems new ICO token is about to enter the cryptocurrency
how do you predict the development of bitcoin in 2018 in the future.
whether the price will go up or down? @marketingmonk
Found your post interesting to read. I can't wait to see your post soon. Good Luck with the upcoming update.This article is really very interesting and effective.
Impressive!Thanks for the post @marketingmonk
LOOK AT HERE IN SOUTH AMERICA USE THIS SYSTEM TO PAY WITH CRYPTO CURRENCY AS I HAVE TO MOVE FOR THE UNITED STATES TO SPEND WHAT I GAIN IN STEEMIT JEJEJE
Wow just amazing video I like it post and nice car thank you for sharing 👍👏
So helpful thank you for sharing
I am amazed to you, you are very fantastic in making a post, hopefully triumph in the work .. Thank you
If I win a day, I will use all my crypto money. :)
youre post are very good
The project looks good and also have known advisors
very gool
great blog very informative thanks
such a blog contains much information curry on that kind of blog
Thank you very much for sharing this information... @marketingmonk
Hi Chris! Long-time viewer of your Youtube channel here! Thanks for all the hard work!
I am running a campaign to get STEEM listed on Binance exchange, because they are running another community coin of the month vote. I'm sure you realize the positive implications of what getting listed on Binance entails!
Unfortunately, I'm only a low level Steemian so my means to get my post visible and garner any kind of support, or get through to those people at the top who can submit the application, is very limited.
I was hoping that you would be so kind to take a look at my campaign post over here and if you support the idea, perhaps consider giving it your support. With your help, perhaps I can get viewed by others who may be able to help with the campaign. Without it, my post may instead be drowned and forgotten, and nothing will come of it. Hope you can help! If you have any contacts on Steemit with others that can offer assistance, that would be awesome as well of course!
Thanks in advance!
need for good research ico
crypto currency is a future of which peolpes investing in this currency.
Hi @marketingmonk,
The pace with which globe is getting progress is something like steemit was really needed. As far as the technique and quality manegemnt is concerned here on steemit something like BELUGA PAY was much needed.
This product is something extraordinary which maintains each and everything both generally and particularly.
I hope it will also try to manage all the ups and downs happen with BTC and Ethereum.
Your research and keen look on cryptocurrencies is remarkable.
Please keep sharing such great innovations in future as well.
My Support and Best wishes are always with you :)
That's a really nice product. I'm not speaking if the token which is a nice addition but what I really like are the following 2 points:
Wonderful post! You have just shared a very informative post that will benefit a lot of steemians. Thank you very much. I follow and upvote you.
I like it, nice post and thank you
Another day another option to ponder... Calgon take me away !
I think this is great.
I've been an Internet Marketer since 2008, and as such I'm always looking to get on board with the latest tech.
A lot of marketers are already accepting crypto payments for their digital products and services, and I think that most marketers and online vendors will have to accept it in the near future to avoid missing out on sales & revenue.
There are only a few options for vendors to easily accept crypto payments right now, and BelugaPay seems to be cutting edge because as you pointed out, it isn't just a processor, but a complete POS system.
I noticed you pointed out that the token sale is not available to US citizens, but how about the POS service itself?
So beluga pay will work like merchant,INTERESTING!!!
Thanks a lot for sharing all this information with us all,good job :)
excelente vlog
I've heard of people buying homes with crypto. Can you do an article on large crypto purchases? Thank you!
@marketingmonk wow awesome post , i love bitcoins
good information dear @marketingmonk
Hi @makertingmonk,
There is someone at steem.chat using your name and asking for people to send steems to bitrex to help you. I think you should know about . Thx . Steem on .
Solving the biggest issue with Crypto! Go ahead, I think any level of success will cause this ICO to win! :) Investing! :)
good post friend, good way to make payments in your country: D I am from Venezuela greetings
Amazing post @marketingmonk thanks for sharing
good
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 246.13 SBD, based on the pending payout at the time the data was extracted.
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Excellent post
Thanks for sharing this information. I wish you success.
good post!!!