How to enhance the retail business with SCaaS

Together with Quantoz and BDO, Bank Frick has developed its own StableCoin-as-a-Service (SCaaS) solution. With SCaaS, companies that process large amounts of payments on a daily basis receive a closed payment ecosystem based on tokens and become issuers of their own stablecoin. The participants of such an ecosystem benefit from low fees and transaction costs as well as an intuitive user interface. SCaaS also offers attractive customer loyalty programs for merchants.

Retailers, e.g. in fashion, process large volumes of payments on a daily basis and operate in an industry with strong competition which has an additional impact on margins. At the same time, the B2C segment aims to retain customers as closely and as long as possible. StableCoin-as-a-Service (SCaaS) – a joint offering of Bank Frick, Quantoz and BDO – not only meets these requirements, but also makes it easier for companies to do business.

For this reason, we developed a hypothetical use case for a generic Swiss fashion retailer, who identifies the benefits of having its own stablecoin and wants to integrate it into its daily business.

In this scenario, the company plans to implement a new infrastructure for its loyalty program and recognizes that SCaaS offers a cost-effective solution that increases efficiency and functionality. The company, which has sites in several European countries, expects this move to reduce the cost, complexity and risks of day-to-day operations.

Download StableCoin as a Service fashion retailer use case
Published On: December 14th, 2020 / Categories: Publications /
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