TillBilly launches ICO for blockchain POS solution
TillBilly, a provider of a blockchain point-of-sale solution, has launched its initial coin offering. The company uses blockchain technology to integrate contactless payments, digital receipts and reward points into a single POS system, according to a press release.
TillBilly offers merchants a POS terminal, their customers can purchase goods using cards loaded with cash or TillBilly's BILL cryptocurrency. The platform also automatically sends digital receipts to customers' phones and centralizes loyalty programs into a single management system.
According to the release, the platform helps companies cut down on costs, since they pay 50 to 80 percent less than for other credit or debit card transactions. Also, a portion of the transaction fee is shared with the consumer.
"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 results in higher conversions and better customer experience," TillBilly CEO and founder Sarthak Moghe said in the release.
TillBilly will run private, public-presale and public sale actions for the ICO, with approximately 186 million tokens up for grabs, according to the release.