Consumer buys a product or consumes a service from a merchant using one of our products. For example a customer orders food in a restaurant using BELUGA’s Restaurant Edition Application.
Consumer makes payment for the product or service using Fiat Currency (ex. $USD) or Crypto currency (Bitcoin, Ether or BBI).
If the payment is made using a credit card in Fiat Currency, the merchant can decide to use BBI tokens in order to receive an Instant Merchant Deposit* instead of having to wait the traditional two working days for the settlement to occur.
If the payment is made using cryptocurrency, the settlement process is initiated and the payment to the merchant in the form of the respective cryptocurrency is transferred instantly.
Loyalty points are accumulated for consumers on every purchase of a product and service. Loyalty points for merchants are accumulated on every sale of a product and service.
Loyalty points can be redeemed when the consumer or merchant collect enough points. Loyalty points are redeemed in the form Fiat currencies or BELUGA’s BBI crypto currency or other cryptocurrency.
The ratio of points with currencies is calculated using built-in congurators and Oracles based on the market dynamics.
Alejandro Avila Borrego
Chief Executive Officer
Chief Technology Officer
Chief Data Officer
Chief Financial Offcier
Beluga Pay Advisors
Developer Advocate at Google
Francisco Diaz-Mitoma Jr.
Software architect and cofounder of Revenue.com, Bowhead Health and Playsino
Beluga Pay's predecessor Espiral is founded after it's cofounders use an ATM that charges an exorbitant 10% Commission and $15 USD in fees in Sayulita, Mexico. The founders vow to create an innovative and fair company that will serve the unbanked.
Partnership established with Mexico's largest domestically owned bank with over $70B USD in assets. Latin America's largest incubator NXTP and Naranya make a seed investment.
First live transaction processed with a smartchip mobile reader.
Over 100 merchants in mobile app private beta. This includes Pioneer - a Dupont Company (NYSE:DD) - helping farmers pay for seeds using a mobile app.
September 26, 2017
Beluga Pay's Private Sale launched. Only available to whitelisted buyers.
November 1, 2017
March 1, 2018
March 1, 2018
Public Beta for Beluga's Credit/Debit Card & Crypto POS.
March 31, 2018
April 1, 2018
Token live on major exchanges.
Trials with pipeline of European, African and Asian Bank Partners.