Merchant Token is a DeFi payment protocol that enables POS terminals on blockchains and brings consumer protection to crypto payments. HIPS Merchant Blockchain built on Hyperledger is the native blockchain for HMP and Merchant Coin (MEO), optimized for real-time Merchant transactions created for Payment Service Providers (PSP) and EFTPOS devices with full support for backward-compatible financial protocols like ISO8583 enabling crypto payments in standard terminal messages, using the existing terminal, and card scheme infrastructures3 for crypto payments in Hips Merchant Blockchain.

The blockchain-based Hips Merchant ecosystem has its own currency – Merchant Coin (MEO). The utility and the usage of the Merchant Coin (MEO) corresponds to the amenities of the blockchain technology and tokenization. Merchant Coin (MEO) is designed to be a utility coin and facilitate community governance and incentivize the virtuous circle of Hips Merchant Ecosystem and take over the ERC20 token Merchant Token (MTO).