Tipping has created an environment where hospitality employees feel exploited and their incomes are fragmented into digital and cash. Without a way to digitally centralize their income, their credit scores are affected, they are more vulnerable to losing track of money and can fall victim to intensifying social inequality.
An ecosystem of blockchain-backed software applications designed to simplify and enhance the tipping process in the North American market. It acts as a connectivity broker between tippers and individuals receiving tips, where each of them has a KYC-enabled account on the app, while transactions between them are secured in real-time and stored on blockchain. The payment infrastructure is agnostic, tipping and paying for services work through ApplePay, GooglePay and through integration with card providers and the solution comes with extra business benefits and features (in-app chat, reports, payroll management, alerts, etc).
Individuals become app users through a KYC-like process and their private data only belongs to them, being able to choose if & how to share this with others.
Every piece of private information and transaction data is encrypted and backed-up in real time in a decentralized network of nodes.
Ensuring that data belongs to the entity that it’s supposed to belong to and that it hasn’t been tampered with.