What is MobiePay?
MobiePay™ is the universal payment ecosystem for consumers to spend or transfer fiat and digital currency instantly from their mobile phone to merchants or other users. Mobie is designed to reduce the friction in the payment process and supports cash back programs on purchases. MobieCoin™ is an integrated reward and payment token that connects all fiat & major cryptocurrencies directly to the global retail marketplace. Mobie intends to bridge the gap between cryptocurrency and local currencies enabling an easy and new revolutionary payment standard.
Mobie’s mission is to create a reliable and accessible alternative to the existing banking and payment infrastructure. The Mobie system should allow you to utilize your smart device as a digital wallet that can be used globally at any point of sale. It will provide a very familiar place to store your money safely and then access it instantly for convenient transactions. It will also facilitate purchases with any smart device, so you will be able to immediately spend cash or crypto using the Mobie token.
Existing payment systems are expensive and inefficient for retailers and service providers. As international commerce has evolved, existing payment mechanisms have not correspondingly kept pace. Credit and debit cards, virtual currencies and blockchain protocols have yet to provide a streamlined and universal solution for payment processing. MobiePay is being developed to bridge the gap and connect to the other 99% by providing an easily adopted interface for a simple and rewarding end-user experience. Mobie will start by using off-chain payment technology while building on the chain in the background.