MoxyOne: Cryptocurrency Payments Made Simpler!
Cryptocurrencies are all set to change the way our economies function. Expected to take over regular fiat currencies by 2030 – the crypto craze has been growing! Despite all this, however, cryptocurrencies are still insignificant when it comes to a real-world application. While they are being used for online shopping and investment purposes, there’s still a lack of mainstream acceptance. MoxyOne is an Australian startup which wants to empower users to use cryptocurrencies just how they use fiat money.
The MoxyOne platform helps build an infrastructure which allows digital currencies seamlessly become a part of the real-world economy. The company intends to bridge this gap between the digital and the real world with the help of their platform – which will be powered by SPEND cryptocurrency tokens. MoxyOne also intends to come out with a Debit Card which will allow the users to pay in cryptocurrencies but the merchants will receive that payment in fiat currencies.
It is a unique technology which will help bring cryptocurrency payments to the mainstream. Let us take a closer look at how MoxyOne plans to bring about this change:
How Does MoxyOne Bridge The Gap Between Fiat and Digital Currencies
MoxyOne is a platform which offers some features and services to the users. These include the likes of a MoxyOne Debit Card, as well as a wallet, an AI-based system which predicts what kind of payments are the most suitable, etc. Here’s a closer look at each of these offerings from MoxyOne
Debit Card: The MoxyOne Debit Card is the company’s primary tool for bridging the gap between the virtual and the real world. It will allow the users to pay in cryptocurrencies and it will enable the merchant to receive the money in fiat currency! This conversion happens using the SPEND tokens. Basically, ‘the swipe of the card’ here involves cryptocurrencies being converted to SPEND tokens and sent to the merchant and the SPEND tokens being converted into fiat currency and sent to the merchant’s account. These cards can also be used at ATMs to withdraw fiat cash.
SPEND Cryptocurrency Tokens: The SPEND tokens, as mentioned above, are the very crux of the operation. It is with the help of these tokens that all conversions take place. These are the primary means of payment and exchange on the MoxyOne platform and are critical for the transactions to take place.
MoxyOne Wallet: The MoxyOne Wallet is where your cryptocurrencies are stored. Before you spend your ETH tokens to make a retail purchase, you will need to have them stored in your MoxyOne wallet from where your Debit Card will access them. The system supports multiple cryptocurrency tokens.
MoxyAI: The MoxyAI system is an intelligent system which determines which currencies are the best to make the payment from. If you have multiple currencies stored in your wallet, the AI will automatically select the currency which is priced at the highest so that you get the most out of your transaction by paying the least amount of cryptocurrencies.
The MoxyOne Token Sale
The team working on MoxyOne has set up their token sale in a manner which ensures that no tokens will be left after the sale. However, they have a minimum target of 4,000 ETH. If they are unable to raise the minimum amount, all the money that investors have put in would be refunded. Moreover, users would need to undergo a KYC process before they invest into the MoxyOne ICO. Users would also get a referral link which they can share with their friends through www.hotmail.com login and earn more coins! For more details, log on to our website.