Monetha aims to offer a seamless mobile payment service using Ethereum infrastructure. The fact that they use the blockchain database compared to their counterparts in the market will serve faster, more reliable and more affordable costs.
Monetha, the company is a young company founded in January, In line with their goals, they have completed the necessary developments until May 2017 and have brought the project up to the level of ICO (innocent coin offering).
With Moneta being a system that directly connects buyers and sellers without being bound to a central authority, sending and receiving will take place very quickly.
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Monetha's sending speed will be 10,000 x faster than the standard visa and mastercard process, according to company founder Andrej Ruckij and IT official Justas Picelis.
Monetha, like a typical crypto currency, does not have a decentralized authority on the backplane, so it can directly handle buyers and sellers, so it can handle transactions as quickly as possible.
Especially Ecommerce is confident they will bring a different perspective to the Payment World. Another reason for this is that you should pay e-commerce sites with ethereum. They seem to have a potential for Ethereum and have a project for it.
Another feature of Monetha is that the commissions in between are even more appropriate. Stating that currently available systems have cut off between 2% and 10% on average, officials say that this commission will be 1.5% in monetha. Monetha altcoin
They are very aggressive about safety with the reason that they are using the ethereum infrastructure. It is designed so that all transactions will be logically transparent to the user and monetha will minimize the trust problem between traders and buyers.
Since every process that takes place in Monetha is designed to be processed into an EtherEm block chain, buyers or sellers can claim, file, rate and view events.