Monetha is a company based on mobile payment processing, and its blockchain is a smart contract with a decentralized trust and reputation system. Monethas mission is to become a strong force in global commerce, providing all users worldwide with a reliable, transparent, and decentralized payment gateway. Monethas services offer a faster, safer, cheaper, and more decentralized way of payment as an alternative to the existing systems used by most retailers and merchants today. This payment system of Monetha is seen as a combination of PayPal and Trustpilot, currently running on the Ethereum blockchain. The Monetha (MTH) token serves as a digital asset, used for shopping discounts. It can also be used for partnerships with payment service providers and loyalty programs.

1. Project Introduction

Monethas mission is to become a strong force in global commerce, providing all users worldwide with a reliable, transparent, and decentralized payment gateway. Monethas services offer a faster, safer, cheaper, and more decentralized way of payment as an alternative to the existing systems used by most retailers and merchants today. This payment system of Monetha is seen as a combination of PayPal and Trustpilot, currently running on the Ethereum blockchain.

Project Features

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

Speed increased by 10000 times
Most people do not realize the number of steps involved in a common VISA or MasterCard transaction. When you receive a "transaction accepted" notification, it is merely the beginning of a series of intermediated transfers that take days before the system finally settles into your bank account. Time is money, and Monetha can complete transactions within seconds. No middlemen, just you and the consumer.

Decentralized Integrity and Reputation
We are developing a business where, with the support of the Ethereum blockchain, Monetha can make business transparent and honest. Monethas decentralized integrity and reputation system can minimize the possibility of unreliable businesses for both merchants and customers.

Unprecedented high-speed payments
Traditional payment systems require up to 16 different steps to process a single transaction, at considerable cost. In todays world, such cumbersome operations are unnecessary. Monetha can replace them with one step and one charge.

Use Cases
E-commerce: Expand your store by allowing consumers to pay with Ethereum tokens.
In-app payments: Allow consumers to pay for subscriptions and other in-app services.
Retail: Approximately $50 billion worth of cryptocurrency is unutilized globally; be the first to tap into this vast opportunity.

2. Review

Monetha is a payment solution for global e-commerce. Its global distributed reputation solution will enable the interoperability of merchant and user credibility across different e-commerce platforms, with its payments realized through Ethereums smart contract technology.

Monethas Decentralized Trust and Reputation System (DTRS) uses smart contracts perfectly integrated with the payment processor, seamlessly complementing Monethas payment processor. It allows buyers to see reliable and transparent reviews made by previous customers.

The information required to ensure trust between buyer and seller (such as warranties) will be recorded on the block. Smart contracts will automatically adjust the trust ratings of all parties based on an algorithm assessing the quality of the transaction. Creating a decentralized trust commerce is revolutionary. Based on the information saved during the transaction, customers and merchants will be able to raise/settle claims, rate each other, view ratings, etc. Then, the history is recorded onto the immutable Ethereum block for others to make informed business decisions.

Relevant Links:

https://www.monetha.io/
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