A new Tron payment system is in the works, designed to allow stores around the world to accept TRX.
The platform is called Poppy, and it runs on Clover – the popular cloud-based point-of-sale software that stores use to accept forms of payment like Visa and Mastercard. Clover users who download the Poppy app will be able to transact with Tron (TRX) and other Tron tokens.
Poppy will accept payment with TronCards, which have the look and feel of a credit card but can be used as a wallet and as a payment method for TRX and other Tron tokens. Generic Tron wallets are also supported.
Poppy is under development by Sesameseed, a crowdsourced Tron-based DApp accelerator whose community votes on which DApps should receive funding.
According to Sesameseed,
“Since their development, the ability to pay for everyday purchases quickly and effortlessly has been the goal of many cryptocurrencies. To this day, there are few to none that have succeeded at allowing them to freely transact in the world. Merchants and retailers continue to be unable to accept cryptocurrency payments in-store or online.”
“Poppy is designed to solve that issue by bridging both crypto and fiat payments, utilizing TRX and other TRON tokens with additional Visa, MasterCard and cash payment support, offering a diverse functionality in terms of its payment and redemption platform. With its innovative utilization of Clover POS, TRON Blockchain, TronCard, and Seedit, Poppy will give merchants and retailers the freedom to execute cryptocurrency transactions quickly and efficiently all over the world and online.”
Although Clover doesn’t allow “the creation or sale” of cryptocurrencies, Sesameseed says they allow third-party developers to create apps that can facilitate crypto transactions by providing prepaid cards, payroll cards, mobile wallets and similar products.
Sesameseed says that based on its contact with Clover,
“…the use of the TronCard itself, how the funding of this card will not be done at the terminal, rather through an associated application, we are ok to create an application that performs the transaction so long as we do not perform the fiat->virtual currency transaction (operate as an exchange).”