There is a growing demand for cryptocurrencies to become usable in the real world. MoxyOne having realized the need for this service, is working on developing a financial infrastructure that solves this issue. The solution will be a white labeling service that allows companies to become partners and gives them access to the MoxyOne infrastructure.
It is the first Australian company to offer these services to any ICO that wishes to issue debit cards to their users. Development of the system will begin testing in Australia (purchases via EFTPOS) and will expand globally within the next few years.
The Raiden Network will power the MoxyOne system with its super fast micropayments channel. This allows the MoxyOne system to communicate with user wallets and allows for speedy transactions to occur. Gladius’ DDoS protection will also be utilized to protect the system.
MoxyOne will be listed on Cryptopia (an official exchange partner) at the end of the token sale. Other exchanges, such as IDEX and other free or pay-to-play exchanges will also list SPEND in the near future. Additionally, Social (Decentralised Social Networking Platform) is the first white label partner to offer its token holders a “Social” debit card to be used on its platform.
Liquidity providers (individuals or companies that will provide equivalent fiat for the amount of purchase by a user) are vital to the operation of the MoxyOne system. They are based in countries around the world which will make foreign exchange fees a thing of the past. Cryptocurrencies and fiat will be exchanged at the domestic exchange rate which is great for global users.
MoxyOne’s token is called SPEND and it will be used on the MoxyOne platform as service fees. It may also be utilized by SPEND token holders to make purchases (even where cryptocurrencies are not accepted). Users will have access to a MoxyOne wallet and debit card and will be able to make withdrawals from compatible ATMs. A wallet prototype is being developed by the MoxyOne team and may be released prior to the token sale in early 2018.
The pre-sale will begin on 8th February 2018 at 01:00 GMT and ends on 10th March 2018 at 01:00 GMT. The main token sale event will run from 14th March 2018 at 01:00 GMT to 14th April 2018 at 01:00 GMT.
Token Sale Information:
Images courtesy of MoxyOne
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