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&nbsp;Merchant Coin (MEO), optimized for real-time Merchant transactions created for Payment&nbsp;Service Providers (PSP) and EFTPOS devices with full support for backward-compatible&nbsp;financial protocols like ISO8583 enabling crypto payments in standard terminal messages,&nbsp;using the existing terminal, and card scheme infrastructures3 for crypto payments in Hips&nbsp;Merchant Blockchain.The blockchain-based Hips Merchant ecosystem has its own currency – Merchant Coin (MEO).&nbsp;The utility and the usage of the Merchant Coin (MEO) corresponds to the amenities of the&nbsp;blockchain technology and tokenization. Merchant Coin (MEO) is designed to be a utility coin and facilitate community governance and&nbsp;incentivize the virtuous circle of Hips Merchant Ecosystem and take over the ERC20 token&nbsp;Merchant Token (MTO).

Merchant Token

Merchant Token is a DeFi payment protocol that enables POS terminals on blockchains and brings consumer protection to crypto payments

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