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MoTA Is Pitching Cryptocurrency Against Mobile Money via BCH

5y ago
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IMO the only real competition to cryptocurrency is Mobile Money. Hope you've heard of it?

Just look at the state of the industry report and you'll agree;
https://www.gsma.com/mobilefordevelopment/resources/state-of-the-industry-report-on-mobile-money-2019/

Our project MoTA Global (Mode of Transfer Alternative Global ) is aiming to bring blockchain technology to that niche.

We found everything we needed to roll out with BCH.

It appears we are quite a while away from an ecosystem of strictly crypto to crypto transactions only. For adoption to thrive we must build an easy bridge:

  • From fiat to crypto (address gateway bottlenecks)
  • From non-tech to tech (address crypto utility for technophobes)

MoTA Global is being designed to confront the above. To challenge mobile money by mimicking its flexibility and utility while leveraging the benefits of blockchain technology.

The only real challenges we have faced are the barrier between fiat and crypto especially in our parts i.e. payment gateways. Shaving 5-10% off value when people convert fiat to crypto kills any prospects for ordinary use. We have a solution though. But the solution will need a community.

Of course volatility remains an issue. We are therefore entertaining a stablecoin riding on BCH.

Problems we hope to resolve with our project:

  1. cost of fiat to crypto transformation and accessibility
  2. availability of crypto (table-top vendors and corner shops)
  3. utility of crypto (shift from a speculative tool to a remittance and micro tx tool)
  4. access to technophobes & unconnected/offline persons & communities (not everyone can or want to use a technology or a wallet or has access to internet)
  5. Restriction and borders (yes the tech is borderless but access to crypto is not)

BCH has already laid the ground work by creating nearly all the tools needed for this. But this cannot be pulled off with only tools. Strategy and Network are fundamental to getting this to work. In other words, we have the tools and the strategy, now we need the people.

Any tips on how we can get the BCH community behind us?

Telegram https://t.me/motaglobal
Twitter https://twitter.com/MotaGlobal

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5y ago
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