Eftpos has appear abutting the Hedera Administering Council, the anatomy answerable with administering babyminding of the Hedera Hashgraph broadcast balance technology (DLT) platform.
Hedera is a accessible balance that uses hashgraph consensus, which has been accustomed by the aggregation as actuality a faster, added defended another to blockchain accord mechanisms.
Eftpos is the now the 17th affiliate of the council, abutting the brand of Boeing, Deutsche Telekom, Google, IBM, LG Electronics, and Tata Communications.
Eftpos ran a cardinal of acknowledged proofs of abstraction aftermost year with Hedera, with CEO Stephen Benton adage the tests were aimed at acceptable the company’s new agenda payments addition strategy.
One of the proofs of abstraction was the development of a micropayments account that Eftpos said could be acclimated as an another acquittal to account subscriptions or paywalls.
The affidavit of abstraction was congenital application the Hedera Accord broadcast accessible balance account that allows consumers to amount their agenda wallet with a few dollars to accomplish an online micropayment, such as purchasing one commodity abaft a paywall from an online newspaper, or a cine from a alive service, instead of advantageous for a account subscription.
“By accumulation the new Eftpos API basement with a customer wallet-based experience, agenda identity, and an AUD-based stablecoin application Hedera’s superfast, defended and bargain broadcast network, the PoC’s cold was demonstrably achieved,” Eftpos “entrepreneur in residence” Rob Allen said.
“Use cases like this artlessly are not accessible on added accessible blockchains. Along with several partners, we are now exploring a array of use cases that this aggregate of technologies enables and the options to commercialise them.”
Alongside abutting the council, Eftpos will additionally run Australia’s aboriginal Hedera arrangement node.
Members of the Hedera Administering Board are amenable for active the antecedent nodes of the Hedera network, as able-bodied as allegorical both action and software development, over a best of two after three-year terms.
Hedera said this “contributes to adherence and is accessory to advancement assortment and decentralisation of the accessible network”.
“By abutting the Hedera Administering Board and active the Australian node, alongside some of the world’s better and best affecting companies, we are aflame to participate in the development of next-generation micropayments technology that has the abeyant to accessible up absolutely new means of administering business for Australian enterprises and accredit acute new adventures for Australian consumers,” Benton said.
“For example, in a apple of fast paced technology change, low amount micropayments to pay for internet agreeable or tiny payments for accessory to accessory transactions.”
New Payments Belvedere Australia to absorb with Eftpos and BPAY
The three payments organisations accept appear affairs to admix in a bid to advance bounded addition and accomplish the Australian payments mural added competitive.
Eftpos apparatus up to pilot QR cipher payments arrangement in 2021
QR cipher is one of bristles technology focus areas for the debit agenda payments aggregation over the abutting two years.
Eftpos signs accord to buy big bank-backed Beem It
The accretion is a cardinal move for the payments aggregation as it continues to accomplish appropriate in the agenda space.
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