How Token Redemption Works

Consumers search for goods or services through Fida and decide if they want to earn tokens on their purchase or spend tokens on the product they want to buy.

If the customer chooses to use tokens to make a purchase, on the checkout page they choose "Pay with Fida".

Their Fida tokens will convert to USDC and Fida will then charge a VCC (Virtual Corporate Card) for their purchase.

This means that the merchant gets paid in Fiat and in full when a customer wants to use tokens to purchase tickets.