8.5 Blockchain-Based Payment Gateway (PG) for Billiard Clubs

Overview of Billiards Hub’s Blockchain Payment System Billiards Hub is developing a blockchain-powered Payment Gateway (PG) designed for use across partner billiards clubs nationwide. This hybrid system not only diversifies the platform’s revenue streams but also enhances user convenience by enabling seamless payments using both cryptocurrencies and fiat currencies.

The payment system supports 8BALL tokens, major cryptocurrencies, and can be optionally linked to fiat currencies such as KRW or USD, offering flexible and accessible transaction options for both users and merchants.

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1. Payment Methods & Technical Features

1) Payment Methods

• Supports payments in 8BALL tokens and major cryptocurrencies

• Optional fiat integration (KRW, USD) upon request from participating venues

• Mobile-based QR code payments for frictionless transactions

• Users can scan a QR code to complete payments instantly

• Real-time transaction history accessible via the mobile app

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2) Smart Contract-Powered Settlement

• Transparent and automated payments processed through blockchain smart contracts

• All transactions are permanently recorded on-chain, ensuring immutability and security

• Enables real-time transaction monitoring and automated reconciliation between users and merchants

1) Transaction Fee Model

• A 2% fee is applied to all transactions processed through the payment gateway

• Fees are automatically settled and allocated to support the ongoing development and operations of the Billiards Hub ecosystem

• A portion of the collected fees is redistributed as rewards to 8BALL token holders

2) Merchant Benefits

• Supports integrated payments in both fiat and cryptocurrencies, expanding the customer base

• Free or discounted installation of the payment system during the onboarding phase

• Reduced transaction fees for merchants when customers pay using 8BALL tokens

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3. Nationwide Merchant Deployment & Operations Plan

1) Billiards Club POS & Mobile App Integration

• Deployment of the Billiards Hub payment system across billiards venues nationwide

  • Seamless integration with existing Point-of-Sale (POS) systems for operational convenience

  • Dedicated payment terminals provided for newly onboarded partner venues

• Mobile App Connectivity

  • A merchant admin app for venue owners to track transactions and manage settlements

  • A user-facing app enabling point accumulation, rewards tracking, and transaction history

2) Merchant Expansion Strategy

• Initial rollout focused on billiards clubs in key cities across South Korea, Vietnam, and Indonesia

• Strategic partnerships with global billiards brands and franchise operators

• Marketing and promotional support offered to venues using the Billiards Hub payment gateway

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4. Reward System – Driving User Acquisition & Engagement

1) Payment-Based Rewards

• Users receive rewards when making payments using 8BALL tokens or BHP points

• Bonus cashback is provided for payments exceeding certain thresholds

• A VIP tier system is introduced, offering fee discounts and additional incentives based on total cumulative spending

2) Incentives for Merchants & Users

• Merchants: Higher adoption of 8BALL token payments results in bonus rewards and recognition within the network

• Users: A ranking system based on total spending volume unlocks additional benefits and can be integrated with the broader A2E (Action-to-Earn) model

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5. Fast & Secure Transaction System

1) Transparency Through Smart Contracts

• All payment transactions are automatically recorded on the blockchain, ensuring immutability and resistance to tampering

• In case of disputes, automated validation via smart contracts provides a trustless resolution mechanism

• The streamlined settlement process ensures operational stability and payment reliability for partner merchants

2) Global Scalability

• Support for multiple cryptocurrencies enables seamless implementation across international markets

• Integration with local fiat currencies facilitates expansion into both online and offline payment infrastructures globally

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6. Expected Outcomes

✅ For Users

• Earn rewards when making payments with 8BALL tokens, increasing the incentive to hold and use tokens

• Convenient, fast QR code-based payment system improves overall user experience and transaction efficiency

✅ For Partner Merchants

• Drive new customer acquisition, including users from the Web3 ecosystem

• Receive additional benefits as the share of 8BALL-based transactions increases

✅ For Ecosystem Growth

• Establish an innovative model that combines traditional sports infrastructure with Web3 payment systems

• Seamlessly integrates with the P2E model, allowing users to earn from both gameplay and payments—maximizing user engagement and retention