Monetha is a mobile payment processing company based on its blockchain, a smart contract with a decentralized trust and reputation system. Monetha's mission is to become a powerful force in global commerce, providing a reliable, transparent and decentralized payment gateway for all users around the world. Monetha's service provides a faster, safer, cheaper and more decentralized payment alternative to the existing systems used by most retailers and merchants today. Monetha's payment system, which is seen as a combination of PayPal and Trustpilot, currently runs on the Ethereum blockchain. Monetha (MTH) tokens are used as digital assets for shopping discounts. It can also be used to form partnerships with payment service providers, loyalty programs.

1. Project introduction

Monetha's mission is to be a powerful force in global commerce, providing a reliable, transparent and decentralized payment gateway for all users around the world. Monetha's service provides a faster, safer, cheaper and more decentralized payment alternative to the existing systems used by most retailers and merchants today. Monetha's payment system, which is seen as a combination of PayPal and Trustpilot, currently runs on the Ethereum blockchain.

Project Features

5 times cost savings on average
Traditional payment gateways generally charge up to 15 different types of fees, ranging from 2% to 6% in transaction fees. But using the Ethereum blockchain, "Monetha" has only one transaction step and only one fee: a 1.5% transaction fee.

10,000 times faster
Most people are unaware of the steps involved in a common VISA or MasterCard transaction. When you get the "transaction accepted" notification, it's just the beginning of a series of intermediate transfers that will take several days before the system enters your bank account to finally complete the transaction. Time is money, and Monetha can quickly complete transactions in seconds. There are no middlemen, just you and the consumer.

Decentralized Integrity and Reputation
We are developing a business where Monetha makes business transparent and honest, powered by the Ethereum blockchain. Monetha's decentralized integrity and reputation system minimizes the possibility of unreliable business for merchants and customers.

Unprecedented high-speed payments
Traditional payment systems require as many as 16 different steps to process just one transaction, which is also very costly. In today's world, such cumbersome operations are unnecessary. Monetha can replace that with one step, one charge.

Scenario
E-Commerce: Expand your store by allowing customers to pay with Ethereum tokens.
In-App Payments: Allow consumers to pay for subscriptions and other in-app services.
Retail: About $50 billion worth of untapped cryptocurrencies worldwide, be the first to tap this huge business opportunity.

2. Comment

Monetha is a payment solution for global e-commerce. Its global distributed reputation solution will realize the intercommunication of the reputation of merchants and users on different e-commerce platforms, and its payment is realized through the smart contract technology of Ethereum.

Monetha's decentralized trust and reputation system DTRS uses smart contracts that integrate seamlessly with payment processors, seamlessly with Monetha's payment processors. Let buyers see reliable and transparent reviews made by previous customers.

Information needed to ensure a trust relationship between buyers and sellers, such as warranties, will be recorded on the block. The smart contract will automatically modify the trust ratings of the parties based on an algorithm that assesses the quality of the transaction. Creating a decentralized trust business is revolutionary. Based on the information saved during the transaction, customers and merchants will be able to file/settle claims, rate each other, view ratings, etc. The history is then recorded to immutable Ethereum blocks so others can make informed business decisions.

Related Links:

https://www.monetha.io/
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http://www.bite5. com/index.php/viewnews-738