MooPay — Making it easier for anyone, anywhere to receive payments
Source: MooPay Website
As we progress from Web 2.0 to Web 3.0, many of the layers are being replaced by blockchain and smart contracts. As we understand it, the reason why MooPay exists is due to the team’s own frustrations with using cryptocurrencies and losing funds due to forgetting the passwords or seed phrase.
What MooPay offers is a payments platform where transactions are simple, ubiquitous, fast, and low cost because they envision a world where payments are democratized and need not require heavy paperwork or complex setups. They do so by offering a non-custodial solution where no coding is required and chargebacks will be a thing of the past. For those who know coding and want to further customize the solution, this is also possible as MooPay will also release their APIs and SDKs for you to do so.
MooPay accepts close to 100 different cryptocurrencies and also works across multiple chains. It is EVM-compatible and also supports NFTs. You will retain full control of funds that belong to you, plus they promise instant settlement due to its non-custodial nature. And it also comes with detailed insights and reporting — perfect for any freelancer or business owner to check the books whenever you need to do so.
With MooPay, it is almost effortless to collect funds regardless of the nature of your business. You can set up subscriptions for a recurring payment, embed a ‘payment’ button on your website, send a payment link via email, SMS or any messenger app — MooPay makes it easy for you to get paid anywhere, any time and from any one. MooPay is also working on a whole bunch of integrations with frequently used e-commerce sites.
Source: MooPay Website
The MooPay ecosystem will also consist of MooPay Swap, which is its native cross-chain swap protocol used during settlements, and the MooPay Token ($MOO) which will be used to run the entire ecosystem. If you hold $MOO, you will be incentivized with staking rewards and you’ll also enjoy reduced fees on transactions. There will also be cashbacks and other benefits yet to be announced. In addition, you will also receive a share of the total fee generated. Token holders also carry the power to vote and decide the future course of the development for MooPay.
In November 2021, MooPay was also awarded a $50,000 grant from the NEAR Foundation demonstrating the vast potential of the MooPay platform. MooPay also graduated from NEAR Accelerator as one of the top 3 winners for projects building on the NEAR blockchain.
The MooPay team is serious about making payments as easy as possible for everybody and they have a working product demo, which you can watch here or even better still, try it out for yourself on their testnet demo here. According to their road map, the $MOO token launch is expected to be in Q2 2022. Be sure to follow them on their official channels below to be updated on the latest with MooPay.
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