NO COMPETITION
Market Position
With built-in support for smart contracts, Beam enables all stakeholders in the entire retail value chain to exchange data for value without having to invest in a proprietary loyalty solution or spend any money up front. And since multiple network participants are competing to unlock the value attached to smart contracts, the stakeholders will always get the best possible outcome in terms of effectiveness and cost efficiency.
In addition, the added benefit of Beam as Payment method allows customers to automatically collect cash rewards on each purchase they can use whenever and wherever they want, as well as the possibility of using another source of funding to pay for purchases.
Finally, when joining Beam, Merchants do not need to have banking licenses or deal with agreements and proprietary integrations at each point of sale. A single integration with the Beam Platform takes care of all integrations, fund flow and settlements between all parts of the network.