The MTO price update as of now is $0.04592. In the previous 24 hours, its trading volume was $7,216, and its value has decreased by -0.35%. As of now, MTO's live market cap is $4,591,952, and it is ranked as the #4104 on the Coincu. MTO has a circulating supply of 100,000,000 and a maximum supply of 100,000,000.

The Significance of Merchant Token in the HIPS Merchant Protocol

The HIPS Merchant Protocol (HMP) and its associated Hips Merchant Protocol Gateway (HMP-gateway) have been developed to bring the consumer protection principles of the traditional card payment industry to blockchain platforms that facilitate smart contracts, such as Ethereum, Cardano (ADA), or Solana. However, for widespread adoption among mainstream consumers, the introduction of the Merchant Token (MTO) is vital.

Introduction of the HIPS Merchant Blockchain

The HIPS Merchant Blockchain is the native blockchain for HMP and Merchant Coin (MEO). It is specifically optimized for real-time merchant transactions and tailored for Payment Service Providers (PSP) and EFTPOS devices. Additionally, the blockchain fully supports backward compatible financial protocols like ISO8583, allowing crypto payments to be made using standard terminal messages. This means that existing terminals and card scheme infrastructures can also be utilized for crypto payments on the Hips Merchant Blockchain.