Bravo is a Platform for Contactless Payments

in #blockchain6 years ago

Mobile money transfer presents itself as an alternative to cash and credit card payments. Mobile payment infrastructure is comprised of mobile wallets and payment applications designed by banking institutions or commerce companies. Blockchain solution is gaining prominence as a blueprint for building applications for contactless payments. In this light, Bravo launches a new platform for conducting anonymous payments both with cryptocurrency and fiat.

https://bvo.trybravo.com

Application of the hybrid Bravo blockchain protocol

Bravo fully relies on a scalable hybrid blockchain. That is, the execution time for the payment services will be minimized even with a significant amount of data to be processed. In addition, Bravo will allow its users to switch to anonymous blockchain with incognito payments. When privacy and anonymity are necessary, Bravo will provide completely untraceable transactions. To achieve this, Bravo will use a specific algorithm driven by the Bravo Private Coin. The system will convert stakeholder's coins into the private ones, transfer them to the receiver's wallet and convert them back to the Bravo coins automatically.

Given that one of the biggest challenges in the integration of blockchain into any segment related to data processing is scalability, Bravo will build its system upon the hybrid technology as the optimal blockchain architecture. Bravo's hybrid platform exploits the PoS algorithm for anonymous transactions and the FBA consensus algorithm on a public blockchain.

Bravo blockchain components will include the API and SDKs, Bravo Wallet that can be used for cold storage as well, micro-merchant tools for performers that include options to issue tickets for events, and other equipments.

The technology for habitual payments

The solution provided is primarily focused on the entertainment and gratuity industries. Such targeting stems from the fact, that Bravo initially served a musical market segment and has therefore a strong presence in the industry where the company has been popularizing contactless payment methods for purchasing event tickets, video streaming tipping and even street performers tipping. This is particularly relevant with regard to widespread adoption of streaming video. As it can be seen, consumer tipping amounts occupy an essential share in the market. Moreover, monetization method has become more popular in the recent years. Therefore, the choice of the segment has been justified by necessity.

https://bvo.trybravo.com

Token Sale Plan

Public main sale has started on August 13 and will close on November 30, 2018.

Bravo's hybrid blockchain technology can provide additional functionalities for interested parties. This may result in integration with other applications, for which Bravo can deliver suitable development infrastructure or function as part of the whole system being connected. Nevertheless, a key focus area of Bravo is payments. In this context, Bravo differs from their competitors through a so-called Incognito Payments Protocol. Using a combination of public and private blockchains, Bravo will provide its users with the full control over their digital assets and the way they are willing to pay for a service. It is also a unique elaboration in term of the tipping segment it has been in particular designed for.

Links:

Website: https://bvo.trybravo.com
WhitePaper: https://bvo.trybravo.com/BRAVO_Whitepaper_V1.pdf
Telegram: https://t.me/BRAVOPay
Facebook: https://www.facebook.com/bravopay/
Twitter: https://twitter.com/Bravo_Pay
Medium: https://medium.com/@BRAVOPay
ANN: https://bitcointalk.org/index.php?topic=4862980.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049

Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.

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WARNING! The comment below by @wandoc leads to a known phishing site that could steal your account.
Do not open links from users you do not trust. Do not provide your private keys to any third party websites.

Nice. Thanks for the information. Following.

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