Home Payment processors How FastAF uses Web3 tools to serve merchants

How FastAF uses Web3 tools to serve merchants

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“We believe that profound change happens when you provide access to something,” said Lee Hnetinka, Founder and CEO of FastAF, at the Breakpoint event. This access can be to something economic, social or physical, and we want to give users access to a good payment and delivery service, he added. FastAF is a delivery company that wants to help merchants access a multiple network of micro fulfillment centers, thereby improving fast deliveries.

Lee explained that with a customer base that included Nike and thousands of products from multiple merchants, they discovered the global payment system was down.

Describing the challenges faced in traditional delivery and payment businesses, Lee share that delivery and payment times are high, as well as the fees and commissions paid by customers when making payments.

The second aspect he pointed out is customer acquisition which involves intimidating ads like on Instagram, but these ads do not provide businesses with loyal customers.

The CEO noted that the company, FastAF, chose blockchain solutions as a remedy for the benefits offered by blockchain.

NFTs are the future credit cards

Using a crypto payment system, such as Stripe, integrated with Solana will help with faster checkout and cheaper fees, Lee pointed out. For customer acquisition, we are introducing the use of NFTs, which we see as the future of credit cards.

He additionally has revealed that the company wants to redefine customer engagement by allowing merchants to release NFTs related to certain products, thereby excluding access to holders of those NFTs. The FastAF company will use NFTs as coupons, rewards and incentives for customers.

Choose a payment solution built by Stripe on Solana It’s important to help native Web2 users of Stripe integrate into the Web3 ecosystem, which is faster, cheaper and more efficient, Lee added.

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