MEMKEN Gift Card w. Blockchain

MEMKEN Gift Card w. Blockchain

by Memken Ltd.

Increase Cash Flow & Customer Loyalty while Lowering Bank Fees

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Increase Cash Flow

Customer puts money on the Gift Card in advance of spending. Card ledgers are managed securely and ANONYMOUSLY on Blockchain technology.

Better Customer Loyalty

Customize your Gift Card templates under different currencies, bonus schemes and expiration dates.

Lower Bank Charges

Zero transaction fees for all Gift Card redemption. The benefit is significant for high volume and low priced products.


About MEMKEN Gift Card w. Blockchain

MEMKEN Gift card application leverages the security and anonymous advantages of Blockchain

The issuance of Gift cards in just a few clicks:

  • Select and customize your Gift card template
  • Define card value, bonus scheme and expiration date

Merchants get paid directly by the customers

On the sale of each Gift card. MEMKEN is transparent to payment. Once the customers purchase a Gift card, the merchant gets paid directly through their existing payment providers. All the transaction records will then be stored and encrypted on the Blockchain as an immutable and anonymous ledger.

Product values are updated for every use of the Gift cards

Our plugin auto-retrieves the value of the updated products including tax rate and shipping fees upon the redemption of the Gift card

Managing the Gift Card ledger on the Blockchain

The ledger of the Gift card value, transaction records, and purchasing behaviors are stored and encrypted on the Blockchain anonymously. The redemption of the Gift card by the customer is auto-verified on the Blockchain to assure they have enough card value. Merchant also has the final right to cancel or freeze the unverified user's account by our pre-defined smart contract.

Access Management: Fit for Blockchain experts or non-experts

Your end customers are transparent to the Blockchain. Purchasing or redemption of the Gift card operates in the same way as traditional Gift cards in e-shops.

Merchants of non-blockchain experts simply authorize Memken to handle the “Private Key” on behalf of blockchain interaction. Access management will operate the same as a normal login with a user name and password.

Merchants of blockchain experts will always have the right to re-generate a new Private Key and manage the data by themselves any time in the future. Your critical data is stored on immutable blockchain anonymously and retrievable for any platform.

We deploy EOS.IO as blockchain technology.

Integrates with

  • EOS Blockchain,
  • EOS Sidechain,
  • Meet.one Sidechain

See the app in action

Explore how the app works in an example store.

View example store

Support

Pricing

Free to install

Fees payable at 1% of of the gift card sold and will be capped at a maximum of US$49 monthly.

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