In today’s booming tech age, the growth of a small business or start-up looks a lot different than it once did. Securing steady growth, which used to rely on traditional and often limiting financial models, is now an increasingly accessible opportunity for those looking to get a business off the ground or transform their customer experience or profitability.
If your small business has faced legacy banking roadblocks or reliable capital has been just out of reach, Stronghold offers a solution that can transform how you manage your payments and financial operations, and help your business use the best of blockchain technology at the same time.
The Value of Blockchain-Based Payments
At its core, Stronghold® is a payment processing network. However, its payment approach is unique compared to a typical protocol. Stronghold offers an impressive collection of advanced functionalities powered by innovative financial technology and blockchain integrations.
The Stronghold network boosts the liquidity, security, and transparency of payments, offering accessible solutions to some of the most pressing issues facing the payments sector. Payment technologies as a whole have seen significant innovation in the recent past, but most of these focus on card networks like Visa.
Stronghold's ability to integrate retail with ACH systems and payments differentiates it from other payment networks. By volume, ACH is actually the largest payment network in the United States. However, the network has enormous untapped potential, and businesses have hardly used it for retail purchases – until now. With Stronghold’s integrations, retail companies can accept orders, and with ACH, their customers can seamlessly pay for goods directly from their bank accounts. It creates boundless accessibility for merchants and customers and paves the way for simple and safe transactions.
A Network Built For Your Business
Stronghold also brings a much-needed à la carte approach to payments. Stronghold has one foot in traditional payments and one foot in blockchain, which means it can seamlessly bridge the divide between traditional and modern payment rails. Many legacy systems and banks offer only a one-size-fits-all approach and overlook modern businesses' diversity and unique needs. Legacy payment systems work well for larger companies and standard retailers but are often unsuitable for small businesses and innovative operations. Existing financial infrastructure is also filled with codified discrimination that penalizes non-traditional businesses such as alcohol retailers.
Aiming to transform this failing system, Stronghold offers bespoke payment solutions that don’t require a total overhaul of existing operations. Stronghold’s network combined legacy standards with modern infrastructure by focusing on interoperability so businesses can adopt new payment technology without facing demanding adoption challenges and high costs. Then, when a business’s needs change, Stronghold infrastructure can quickly transform along with them - it’s an ever-evolving experience.
Digital Assets - Done Differently
The Stronghold ecosystem also incorporates blockchain technology with its crypto token, SHx. SHx is designed to enable cross-ledger liquidity and is primarily used to send and receive value across Stronghold’s virtual payment network.
SHx is also the driving force behind Stronghold’s unique merchant rewards program. Members of the program receive points for every transaction dollar processed through their technology or store. For each dollar of transaction volume, Stronghold provides partners with one point. Partners can redeem the points to receive Stronghold’s SHx tokens and use tokens to increase the partnership fee payable from Stronghold or a rebate from Stronghold’s processing fees. By integrating the SHx token, a form of digital currency, Stronghold is laying the groundwork for exciting developments in the future of payments and digital currency and how it can better serve small businesses.
Stronghold is committed to transforming the way merchants interact with their payment systems and continues to innovate its ecosystem to make payments more accessible for any business ready to take the leap into a new, blockchain-based world. To learn more about Stronghold’s small business offerings, browse our available offerings.