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BackBit can drive gaming down a new revenue model, with publishers, owners, unit owners and any other required payees having a secure constant stream of revenue from point of sale.
- Unique revenue stream concept incentivises developers to release exclusive, definitive up to date and unique additions to titles for this platform, if a game goes stale, so does the revenue for all parties, therefore it’s mutually beneficial to all that content is fresh and exclusive.
- Fully customisable setup for bars, public areas etc, want a full arcade setup? Why not! No space or money for a full size arcade cabinet? No problem, tailor-able setups could implement ordinary HDTVs, with no cash boxes or huge clunky machines required.
- True in home arcade experience, opens up a new revenue model for games, tailor-able revenue could allow for an ‘at home version’ using smaller payment to the network owner and publisher, with the house profits removed.
Plus the key universal benefits of the BackBit concept
- Seemless escrow.
- Zero maintenance from point of transaction owner, content is updated and managed from a centralised network.
- Publisher / affiliate / gaming IP owner / house / partner/ etc all receive an immediate and consistent revenue stream. Payouts are infinitely configurable, percentage, how many payees, time of payment, size of payment, all on a set and forget basis. Yet tailor-able whenever the need arises.
- All parties receiving revenue are fully and easily audit-able (all transactions are public on the blockchain as long as you know the payment address) making tax and revenue calculation trivial.
- No cash stored at point of transaction, no cash to steal, empty or sort.
- No credit card details are shared.
- No, or incredibly low fees.
- Immediate payment to unit owner, or centralised unit owner headquarters, great for businesses with multiple machines or multiple locations, or both. Simply put an organisation with 100 machines over 100 locations could all be paying into one centralised audit-able wallet, instantly.
- No unauthorised charge-backs possible (eg after content is used)
- User definable cashout options available, any mix of BTC/Fiat payment possible.
- Separate payment devices (such as a phone) make payment inherently 2 factor secure due to the unique QR code per transaction, coupled with the secondary layer of security by using an unrelated secure payment device.