A Resto Token? The blockchain networks of cryptocurrencies allow a multitude of innovations. And the practical use cases are multiplying accordingly. The French group Edenred intends to digitize in the form of a token the Ticket restaurant, well known to the general French public. The first tests take place on Arbitration (ARB), the second layer solution (layer 2) of the network Ethereum (ETH).
The Ticket Restaurant is modernizing on the Arbitrum blockchain
The good news is linked for the large French group Edenred. Indeed, on June 19, his EDEN shares entered the prestigious CAC40 flagship index of the Paris Stock Exchange. And this July 17, 2023, we learn that this company specializing in prepaid vouchers intends to embrace blockchain technologies carried by cryptocurrency networks.
It was our colleagues from The Big Whale who revealed the information: Edenred thus “experienced a crypto version” of his famous Ticket restaurant. According to the publication, this experimentation with a Ticket Resto tokenized – which has lasted almost 6 months since the beginning of 2023 – proved “conclusive”.
The group’s employees tested this new generation e-Ticket Restaurant. They paid for their meal with a euro stablecoin created specifically by Edenred for the needs of its tests in situ. It is used like any classic Ticket Resto: “only for food purchases, and with daily use limits”.
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Easily customizable and programmable offers
If the ecosystem ofEthereum was selected by Edenred because it represents “a market standard with many use cases”according to Thibaut Reymond, Strategic Project Manager at Edenred.
As for the second layer solution Arbitrationthis is obviously for its scalability (scalability) of the transactions that it was chosen. THE layer 2 make it possible to relieve transactions from the main network on which they are based, while benefiting from the security of the latter.
“The use of cryptos allows you to start from scratch and create the program you want. (…) We have the ability to make tailor-made and ultra-personalized offers by avoiding the essential steps for creating a program on current card networks. »
Thibaut Reymond, Strategic Project Manager at Edenred
However, there are still some friction to resolve for a broader implementation of this Ticket Resto Web3 version. THE costs of transaction would thus be “higher than those of bank cards”. Likewise, the time transaction would take longer for the user. Ethereum and its ecosystem have indeed several important steps to take in the future, before being scaled and available for such uses from tens of millions of users (multiplied by as many use cases).
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