🔰MBANK Global Business Application Value

MBANK will disrupt the existing global economic landscape, link the global currency payment form, and realize real-time second-level barrier-free transactions.

3.1 Eliminate Technical Hidden Dangers And Corruption Risks Of Centralized Payment Systems

Before the birth of METABANK, we can safely assume that all mobile payment tools around the world are centralized payment systems. It could be a business, a government or a bank that manages and maintains the system. Users have no way of knowing the level of technology and human decisions behind the centralized payment systems. This means that centralized payment systems can have security risks due to technical flaws, massive data errors due to system bugs, or property damage due to hackers. In addition, centralized management has the problem of human intervention and corruption.

MBANK is an open source, fully decentralized payment system, developed based on blockchain technology, and its NFT for payment is also issued based on blockchain smart contract. MBANK is a fully trusted, decentralized payment system. MBANK's technology comes from the community, anyone can publicly detect the flaws in its technology and fix them. The MBANK community has set up a rewards pool that will reward those community members who contribute to the MBANK ecosystem.

3.2 Applicable To Any Payment Scenario

MBANK does not restrict the use of any cryptocurrency and any fiat currency for transactions, and can pay or transfer money in any region and in any environment without affecting the will of the recipient, who can choose to accept fiat or cryptocurrency. Users using MBANK will not be restricted by country, region, payment system and receiving method. In the future, even oil, gold, and other new forms of currency will be included.

3.3 Building Big Data for Global Transactions

Due to the different managers of each payment system, data is hardly generated for sharing in order to maintain the rights and interests of the payment company or institution itself, and the data shared in the digital wallet is limited to the data on the blockchain chain, while other data remains in silos. MBANK will be open to all users, and there is no restriction on any payment scenario or currency, and the transaction data is generated based on global users. In the future, with authorization, governments and enterprises can call on it to conduct detailed analysis of the global economic form and user behavior.

3.4 Cross-currency (Cryptocurrency/Fiat Currency)

Currency exchange in seconds

There must be a corresponding currency received after a currency is paid in all payment tools. This is a pain point for both fiat payment tools and digital wallets in general. MBANK uses technology to perform real-time exchange of payment and receipt currencies, without limiting payments and receipts in different currencies (e.g. payment in cryptocurrency and receipt in fiat currency). The exchange process is handled by the system in real time, using one currency to pay for another currency underlying.

3.5 Worldwide Universal Payment Tools

MBANK is compatible with all types of payment instruments while supporting any form of fiat currency, and MBANK is a decentralized global payment instrument that will not be controlled by any system. MBANK does not impose limits on payment amounts, and users can pay any amount for any transaction.