The cryptocurrency market is growing, but a lot of people still struggle when it comes to utilization of their funds. It’s because there’s no proper infrastructure which allows ordinary people to use cryptocurrencies just like their FIAT. A lot of Initial Cost Offering (ICOs) fail because there’s no infrastructure. However, with MoxyOne things will probably change.
The company is based out of Australia. It plans to solve the problem of utilization of the funds by allowing users to do transactions using a debit card which will hold their cryptocurrencies. The good thing is, any ICO/cryptocurrency can issue a debit card of their own by applying for partnership and white labeling the MoxyOne’s wallet system. It looks exciting, right? Let’s check the features to know more.
The debit card is a regular mode of transactions in many developing and developed nations. This debit card is similar to use. You can use it on any ATM in your city. However, to use it, you’ll need to set up the wallet app. In the app, you’ll need to select a default currency which will be used for all your future transactions. However, to get a physical debit card, you’ll need to pay some fees. Holders can also get the virtual debit card which can be used for online transactions or apps like Samsung pay by paying half the fees.
Artificial intelligence is taking over. Ever used the Google’s voice assistant or Amazon Echo? You might know how intelligent they are. With the MoxyAI enabled in your MoxyOne wallet, you’ll be getting the best FIAT value at that time. The AI is smart enough to understand the coin which is in higher profits or higher losses or is stable and would suggest the best one to you. Although, you can use the default coin by rejecting its suggestion while transacting. Isn’t this great?
The SPEND tokens are the support of the system. Every transaction done using the MoxyOne system would require SPEND tokens. For instance, when you plan to withdraw your Ethereum from the wallet, the first step that’ll happen is the conversion from ETH to SPEND and later SPEND to FIAT. The demand of the tokens will rise, as the market need increases you shall expect the prices to boom!
The MoxyOne’s wallet isn’t just made for the SPEND tokens. Since it shall integrate all the top coins. According to their whitepaper, the first integration will have Ethereum, SPEND, SOCIAL, and eBitcoin. However, the second integration would include Bitcoin, Tether (USDT), Monero, and ERC 20/30. The third integration should have Waves, NEO, STRATIS, and LSK. You should be able to see multiple currencies supported by it later.
The MoxyOne’s SPEND tokens won’t just be available on the MoxyOne wallet. The company is in talks with a lot of exchanges, and they’re positive about the inclusion on favorite exchanges. However, they’ll be included once the ICO comes to an end.
With MoxyOne, one could use cryptocurrencies just like their FIAT. However, they could just walk into an ATM and withdraw their cryptocurrencies into FIAT. Not only that, but they could also use it on sites which accepts a debit card. This way, you can use the amount in your MoxyOne wallet for paying bills, or by withdrawing them into cash.
The sale is strategized in the best possible way. There’s no chance that there’ll be something left. However, if the company fails to raise their target of 4,000 ETH, it’ll refund the amount after deducting the expenses. Interested in investing in MoxyOne? You should probably check their website: https://moxy.one.
Note: This press release is for an informational purpose only. Coinpedia is not responsible for the accuracy of the content provided in the article. Thereby, readers are advised to consider company’s policy & T&C before making any investment.