Many experts agree on the huge impact that Blockchain technology will have on financial technologies in the coming years. And yet, the technical and regulatory problems prevented the Blockchain and crypto-currencies from developing beyond the early adoption phase and touching the mainstream.
Monaize, an e-banking platform for the self-employed and small businesses. The top 30 cryptocurrency project met at Money 20/20 in June 2017 and forged a partnership. Their common vision is to bring blockchain banking closer together and help crypto-currencies reach mainstream adoption.
First Decentralized Offer of Coins in the World (dICO)
The First Innovation Resulting from the Monaize-Komodo Partnership Will be an Initial Decentralized Offer of Coins (dICO) by Exchange of Atomic Parts relying on the Jumblr and BarterDEX technology of the Komodo platform. It is possible to issue and distribute native cryptocurrencies without a trusted third party. The ICO Moniize should also push the Blockchain community into an era where ICOs will no longer have to rely on platforms like Ethereum or Waves, reducing issues such as blockchain bloat and mitigating the damage that would be suffered by hundreds of ICO projects. if a
The Monaize asset chain was created in late September with tokens bearing the symbol "MNZ". Friday, November 10 at noon. (GMT), chip sales participants will start trading Bitcoin or Komodo coins for Monaize chips. These coin exchanges will be done through Blockchains through atomic swaps with automatic order matching, using a special ICO portfolio developed by Komodo Platform. Monaize will publish additional information and a tutorial on the ICO process in the coming days.
The Electronic Bank as a Gateway to Blockchain
Often compared to similar actors in the fintech space such as N26 and Revolut, Monaize is the first "challenger bank" of its kind to own his own Blockchain. The Monaize asset chain inherits all of Komodo's features, including anonymity through unconscious evidence, as well as Bitcoin-level security, thanks to a deferred work proof protocol (dPOW). ) in which all transactions are noted.
As explained in the Monaize White Paper, applications allowing Monaize to leverage this chain of assets and others through Blockchain interoperability will innovatively include global payments, the integration of fiat-fiat cryptocurrency and KV chain storage. Monaize also plans to incorporate a cryptocurrency wallet into its banking application in the second quarter of 2018, further encouraging the adoption of crypto-currencies by the business community.
Monaize's e-banking platform for the self-employed and small businesses
Monaize has already developed an operational product and plans to launch on the French and British markets in Q4 2017. Reports suggest that 162 million people in Europe and the United States are part of the freelance economy. Self-employment is evolving rapidly with large-scale digital platforms like Uber and Deliveroo, which provide effective connections between customers and service providers. However, traditional banks have been slow to adapt their services to self-employed and small businesses because of their diverse and complex needs.
What sets Monaize apart is its technology-driven, personalized and agnostic approach. international expansion and growth by allowing different banking and financial partners to connect to the platform. For new Monaize users, a revolutionary Know Your Business (KYB) process that verifies real-time photographed documents allows customers to open an account in minutes from the comfort of their home or office at the same time. 39, help from a smartphone. Account access is granted immediately with a local IBAN and a Monaize Business MasterCard is shipped in less than five days. Personalized third-party services will also be available, including professional liability insurance, payment solutions and finance.
What are participants selling MNZ chips? rewards that are structured on user growth. Each month, the number of new Monaize business account creations is counted and an equation is used to calculate the total KMD reward for MNZ token holders. The rewards are distributed via an automatic API that explores Blockchain Monaize and automatically dispenses KMD to MNZ token holders, in proportion to the number of chips held.
MNZ token holders will participate in a banking revolution in which innovative and ethical services are finally provided to an underserved market segment. Realizing their potential to become a leading international e-banking platform for freelancers and small businesses, Monaize's international expansion strategy begins with Europe before heading to the States. United States, Asia and Africa in the coming years.
A large number of Monaize supporters have already been developed at Slack, Telegram and electronic subscriptions, and Monaize encourages those interested to join the conversation.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While our goal is to provide you with all the important information we could obtain, readers should do their own research before taking any action regarding the company and assume full responsibility for their decisions, this article is not intended can be considered as an investment advice.