Overview GotSOL Payment App
GotSOL is a Digital Financial Transaction System that provides an economical solution to traditional payment systems for Merchants and their Customers. We charge a Use Fee of only 1.5% of every transaction with no SOL transaction fees for anyone. All funds from sales are available to the Merchant instantly. All transactions are near instantaneous at 1 million TPS using the Solana Network and stored on their new, permissionless high-speed layer-1 Solana Blockchain.
Please disregard background footage. Production was filmed on very short notice at The Port, Miami (V1).
GOAL
Develop a Point of Sale (POS) System for US Virgin Islands merchants which focuses on their unique taxation requirements and economic environment using the Solana network to:
1) Reduce the cost and complexity of international payment processing
2) Reduce transactional fees
3) Accept crypto payments
4) Enhance security and trust in POS system
5) Provide the POS system to business owners for free to help local businesses to thrive
6) Auditable
7) Transparent and on-chain
8) Regulated
9) Anti-Money Laundering procedures in place
GotSOL Payment App Example -“Love and Light”
Bridging – Learning Curve
- By using GotSOL users (Web2 normies) don’t have to learn about gas fees.
- Wallets are easier to create/manage through GMail verse 3 years ago.
- The merchant is paying the fee in background, GotSOL retains 1.5% for the service.