Why MobiePay Is Ultimate Mobile Crypto Payment App
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3 Monaten ago
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MobiePay is establishing partnerships with over 350 retailers in the United States, such as Amazon, Trader Joes, Landry’s Restaurants, and IKEA, and have over 100,000 users ready to onboard during their public launch.
It might sound hyperbolic to say that MobiePay has it all, but it would do the project a disservice to say that it doesn’t. The universal payments and rewards ecosystem that MobiePay has created takes on an industry that has largely benefitted from unilateral control over retailers and consumers alike.
While it may seem to be a touch dramatic, payment processors and banks have somewhat abused high-risk industries such as cannabis, construction, moving, and more, and routinely charge insane rates for regular retailers – card minimums become understandable when your payment processor takes 3-15% of your receipts. Paying with crypto in and of itself isn’t without major problems, either. Most merchants won’t accept crypto due to volatility, and user experience is usually a nightmare on both ends.
MobiePay is developing an app that allows users to spend or send cryptocurrency or fiat using their wallet, exchange, and merchant gateway. The project has three key product offerings: Mobie, their mainstream consumer banking app; MobieX, the digital assets and exchange app; and MobiePay, their e-commerce point of sale and merchant gateway. These functions should all come together to form a remarkable ecosystem that benefits everyone in the transaction process.
Right Now, Paying with Crypto Comes at a Price, but It Doesn’t Have To
This whole concept may sound familiar – there have been a variety of cryptocurrency projects that attempted to take on the key issues of payment processing using crypto and blockchain. While projects such as BitPay, which recently teamed up with Mastercard to release a new prepaid card, have helped establish the concept of crypto payments in the mainstream, there are still some serious needs to be met.
The global payments system is slowly transforming into one that is largely cashless. Digital payments are a $4.4 trillion industry globally, with mobile payments expected to grow almost 23% by next year. While Apple Pay has provided a normalized method of paying with touchless contact at many local stores, it’s much more common to see restaurant patrons in Asia pulling up a QR code to foot the bill. North America has been relatively slow in adopting this convenient technology.
When users join MobiePay, they will have practically unparalleled access to financial tools that benefit both crypto experts and newbies. Between the ATM/Debit Card that is partnering the likes of Visa or Mastercard, a virtual bank account, and the ability to convert crypto to fiat instantly, there’s an impressive suite of offerings. Money transmittance and cross-border payments can help with the unbanked, especially in countries such as Mexico and South America where mobile payments are more common.
MobieCoin (MBX), the project’s native token built on the Stellar blockchain, is designed to assist the transfer of any fiat and cryptocurrency directly to the marketplace. Stellar is widely regarded to be one of the best public platforms for crypto payment systems as they connect to the world’s traditional banking infrastructure.
MobiePay Is Working with Some of America’s Biggest Retailers Across a Variety of Industries
MobiePay is also being built to have features that include being able to mass send money such as for instant payroll, cashback, and rewards for using the MobiePay app, an in-app e-commerce marketplace, currency conversions, and somehow, much more. For both the crypto enthusiast and the general consumer, this app should change the way large and smaller businesses gain access to fair and versatile payment solutions.
MobiePay is establishing partnerships with over 350 retailers in the United States, such as Amazon, Trader Joes, Landry’s Restaurants, and IKEA, and have over 100,000 users ready to onboard during their public launch. Currently, users can try out their banking and custody for consumers and businesses, merchant checkout, and their in-app currency exchange. Once their beta version launches early next year, you will be encouraged to use the mobile wallet and banking integration.
Mobie’s cryptocurrency launch partners will include some of the biggest names in the game, such as PrimeTrust, BitMinutes, and Stellar. It’s exciting to see a payment solution that is thinking about the needs of businesses that have traditionally been overlooked. MobiePay is aiming to be a simple one-stop-shop for all cryptocurrency payment processing needs.
Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.
Altcoin Rally Dimming Bitcoin’s Shine, Polkadot Gains 34% in One Week
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4 Minuten ago
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Dezember 29, 2020
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Polkadot (DOT) saw daily gains of 22.5% wrapping up an impressive week with an almost 34% rise in its value.
Bitcoin bullish run looks to have come to a halt amidst an altcoin rally which has seen relatively lower coins put up impressive performances in the past few weeks. Bitcoin dominance is gradually fading as many experts believe the biggest digital coin is backing down as some top altcoin are showing strong “moves” or signals.
Bitcoin hit an all-time high over the weekend, the third time its price has done so in just over 2 months. The price of the biggest digital coin touched $28,400 on December 27, before a lightning drop took it to $27,000 just hours of that incredible feat.
Bitcoin failed to hold onto the $27,000 mark as its price further dropped to $26,000 a day after and is now testing lower levels centered on $26,000 as immediate support. Reports from crypto exchanges revealed BTC/USD trading at lows of $25,830 during the early hours of December 29.
While Bitcoin has seen red over a couple of days, some altcoins are putting up impressive numbers, giving off signals of a strong altcoin rally. Despite XRP’s current issues, the altcoin market is showing glimpses of its glory days as some digital coins are poised to see major gains over the next couple of weeks. Ethereum (ETH) is at the forefront of the rally, with its price climbing above $700for the first time since May 2018.
Polkadot (DOT) also saw daily gains of 22.5% wrapping up an impressive week with an almost 34% rise in its value. The coin is now the seventh-largest token by market cap. Kusama (KSM), a cousin of Polkadot, also saw its price gain 46% last week, pushing its price from $43.1 to $63. The digital token is currently trading at $56 but experts are adamant a breakout above $65 is possible as the token has rebounded off the 20-day exponential moving average ($50.90)
Speaking on the possibility of a long term altcoin rally, analyst Van de Poppe stated that altcoins are next in line to see greens. He added that the next “impulse wave” on Bitcoin next year should be able to take the market to $40,000 or $50,000, but until then, the possibility of a continuance altcoin rally is very much likely.
Although many factors could be in play with regards to the latest Bitcoin price dip, it’s recent fallout with Ripple’s XRP leads the way. Ripple was hit with a lawsuit from the United States Security and Exchange Commission (SEC) and subsequently suffered drops that left its price in a pit. XRP, the fourth-largest cryptocurrency by market cap, is now trading at $0.20 as news broke that Coinbase, a major US cryptocurrency exchange has decided to suspend its trading from next month.
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Crypto fanatic, writer and researcher. Thinks that Blockchain is second to a digital camera on the list of greatest inventions.
XRP Crashes Below $0.25 as Coinbase Announces XRP Trading Suspension
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7 Stunden ago
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Dezember 29, 2020
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Some of the popular crypto exchanges have announced XRP trading suspension following the SEC lawsuit. This is seriously going to hurt XRP investors’ interest over a long period of time.
XRP investors have met with an unfortunate fate. It has been a rocky ride for XRP investors as the cryptocurrency has been heading south after the SEC lawsuit. From its monthly high of $0.66 on December 1st, XRP has reduced to only 1/3rd of the price. At press time, XRP is trading 20% trading at $0.22 with a market cap of $10.3 billion. The latest price crash comes amid crypto exchange Coinbase announcing its plan to suspend XRP trading starting January 19, 2020.
Coinbase Chief Legal Officer Paul Grewar writes that the latest suspension comes amid the SEC lawsuit against Ripple Labs. Also, in the official announcement, Grewar writes:
“We have made the decision to suspend the XRP trading pairs on our platform. Trading will move into limit only starting December 28, 2020 at 2:30 PM PST, and will be fully suspended on Tuesday, January 19, 2021, at 10 a.m. PST. The trading suspension will not affect customers’ access to XRP wallets which will remain available for deposit and withdraw functionality after the trading suspension. We will continue to support XRP on Coinbase Custody and Coinbase Wallet”.
Coinbase joins Bitstamp as one of the top crypto exchanges to suspend XRP trading in recent times. There have been several other exchanges that have announced XRP trading suspension in recent times. Following the Coinbase announcement today, another major crypto exchange Crypto.com also announced its decision to delist the crypto asset.
$XRP will be delisted from the https://t.co/vCNztABJoG App in the U.S. effective Jan 19th, 2021 at 10am UTC.
The Road to XRP Recovery Isn’t an Easy One with Measures by Coinbase and Others
It looks like XRP’s road to recovery ain’t going to be an easy one! Over the last few years, the SEC has conducted a crackdown on several such crypto projects. Speaking to CoinTelegraph, Bybit CEO Ben Zhou said:
“SEC and Ripple will have their day in court with due process of law, so we shall not prejudge the case in the court of public opinion. It is of course likely that the case will take up much of Ripple’s attention and resources. […] We hope a clear precedent and framework emerge from these proceedings.”
Furthermore, the SEC has accused Ripple of selling unregistered XRP securities under Section 5 of the Securities Act of 1993. Also, the case will proceed further in the New York Federal Court. Todd Crosland, CEO of cryptocurrency exchange CoinZoom said that the lawsuit will have a long-lasting impact on XRP price.
XRP which has already been a laggard performer over the last two years will continue trading at lower levels even further. While institutional players have been betting big on crypto, they will refrain from having any exposure to XRP.
“Lack of institutional support will hurt liquidity. Institutions will not bet against the SEC, and will be unloading their positions and will avoid taking new positions in XRP until the lawsuit is resolved,” said Crosland.
The only hope for XRP currently is the appointment of new crypto-friendly SEC chairman Elad Roisman. Soon after filing the lawsuit complaint, previous SEC chairman Jay Clayton submitted his resignation. However, we don’t expect things to improve anytime soon.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Bullish and Bearish Bitcoin Price Predictions for 2021
Published
22 Stunden ago
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Dezember 28, 2020
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Despite bullish predictions for 2021, some experts believe that Bitcoin is not worth the hype and is poised to decline.
As the year runs out and Bitcoin records continuous new-highs, some crypto experts have revealed their 2021 price predictions on the top digital asset. With a market capitalization of over $501 billion, Bitcoin is currently down 2.64% after reaching its ATH and is trading at $2.877.
According to a finder.com survey concluded before BTC reached the $20,000 milestone, several crypto experts are confident that the king coin will continue to surge through mid-2021. Specifically, 58% of 47 experts said that the ongoing Bitcoin rally would continue till the first half of 2021.
2021 Bitcoin Price Predictions
In addition, the survey revealed that panelists are confident that the price of Bitcoin would have grown two times by the end of the coming year. However, 52% of the panelists believe that Bitcoin will record a shard loss after significant increases in 2021.
Per 2021 Bitcoin price predictions, the survey respondents said BTC would reach an average price of $51,951 per token. In November, Citibank analyst Tom Fitzpatrick noted that Bitcoin would hit $318,000.
Furthermore, Bloomberg analyst Mike McGlone predicted that Bitcoin would trade at $170,000 by 2022. In an interview with Bloomberg Television, he said:
“The key thing about Bitcoin this year is very simple- it just added a one to the front of the number. Remember, it was around $7,000 at the end of last year. What I’m worried about- if you look at the past performance, which is potentially indicative of the future, next year or two could add a zero to the back of the number.”
Earlier this year, Morgan Creek CEO Mark Yusko said that Bitcoin could trade at $100,000 in 2021 or 2022. In the interview, the CEO added that BTC could also climb $400 to $500k.
Despite several bullish predictions, detractors believe that Bitcoin is not worth the hype and is poised to decline.
On the 17th of December, Andrew Ross Sorkin said during his CNBC morning program that his price target for BTC is Zero. He added:
“Sometimes there’s something so absurd that you hardly know where to begin to make the argument.”
Bitcoin Records Continuous Highs
After Bitcoin reached a new all-time high on Christmas day, the top crypto asset has continued to pull in further gains. As of the 25th of December, Bitcoin had grown about five times since the year began and crossed $25,000. About 24 hours later, the price of Bitcoin jumped over $26,000.
On the 27th of December, Bitcoin became the first financial service to record over $500 billion in market valuation. BTC surged 10% on the day, climbing its most recent all-time high of $27,806 with 71% market dominance.
Crossing over $500 billion market capitalization, reports revealed that Bitcoin had surpassed several Wall Street financial firms. The financial giants include MasterCard Inc (NYSE: MA), JPMorgan Chase & Co (NYSE: JPM), Visa Inc (NYSE: V), PayPal Holdings Inc (NASDAQ: PYPL), and more.
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Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.
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