Just as Stripe (or PayPal) is a Payment Facilitator, a ComFac is a Commerce Facilitator.
What does a ComFac do exactly?
The first empowerment comes from being able to connect with everyone. A ComFac is an interconnected network platform for any business or industry. As a ComFac platform for B2B2C networks, it allows members to find each other and learn about each other and to eventually do business together. In this sense, a ComFac enables business connections.
A ComFac also enables transactions, which means it allows seamless payments in any currency, as needed by members of the network. This functionality makes a ComFac a FinTech platform that enables native commerce.
Speaking of native commerce, all these transactions happen within a market and a ComFac platform creates a natural native market within the community of members. This native market is a seamlessly integrated aspect of membership, and is what qualifies the business network to be a market network, connecting not just market participants, but other markets into an interconnected marketplace.
A ComFac not just connects entities to each other, and enables transactions between them, but also enables tracking referrals that lead to those transactions. It can even automatically pay out commissions based on profit generated by the market transactions.
