MobiePay AMA Recap

MobiePay AMA Recap

CryptoDiffer team

Hello, everyone!šŸ˜

We are glad to meet hereĀ 

Brandon BurgasonĀ  ( CEO at MobiePay)

CEO at MobiePay, Brandon Burgason

Hello Everyone!

Thanks for having me!

CryptoDiffer team

Q1. Can you introduce yourself to our community ?

CEO at MobiePay, Brandon Burgason

My name is Brandon Burgason and I am the Founder & CEO of Mobie. I have been building this project for 2 years with our team. I am a Serial Entrepreneur with extensive C-level experience in oil and gas, trading, fintech and financial services.

CryptoDiffer team

Q2: Can you briefly tell us what is MobiePay in 3-5 sentences?

CEO at MobiePay, Brandon Burgason

The Mobie universal payments & rewards ecosystem lets consumers make secure fiat and digital currency payments worldwide from their mobile phone in seconds. Our integrated reward and payment token, MobieCoin (MBX) connects fiat and digital currencies directly to a global retail marketplace with cashback on purchases ā€” so everyone in the Mobie ecosystem gets rewarded

CryptoDiffer team

Q3: Let`s now talk about the milestones you have achieved and about your upcoming plans?

CEO at MobiePay, Brandon Burgason

We have been building for 2 years and everything is complete. We are going through our final testing on our mobile app. We have a merchant gateway that allows for fiat and crypto payments, in app exchange, marketplace and we have US banking and custody.

We are building a token integration module that will allow for tokens to integrate with us and then allow to be used at the global retail marketplace with our large retailers.

CryptoDiffer team

Awesome, a lot of updates to come out!

Thank you for great answers!

I think it is time to start community questions round!

Cryptodiffer Community

With the current global financial turmoil, holding fiat money now seems risky. Do you believe this is the era for digital cash?

What partnership has MobiePay made with global payment processing platforms? How do you intend to grow your userbase and create awareness globally?

CEO at MobiePay, Brandon Burgason

Yes the world is changin and we have built our ecoystem to support digital and fiat to bridge the gap to this new era.Ā  We will be starting in the US but expanding globally with the intent on being a global name

Cryptodiffer Community

What makes MobiePay a better solution to real life problems?

CEO at MobiePay, Brandon Burgason

We make the user experience simple with Cypto. Biggest problem we solve is for cross border remittance. We chose stellar because of near instant settlment and nearly no cost.

Cryptodiffer Community

What technology being used to help MobiePay bring a fast transaction? If transaction is fast, so transaction fee is higher too?

CEO at MobiePay, Brandon Burgason

Stellar. 100k transaction cost 1 penny USD and settles in 2-5 seconds!

Cryptodiffer Community

Can Mobiepay do offline transaction to do payment from person to person in real life?

Can you share the calculation of Mobiepay fees in the platform?

CEO at MobiePay, Brandon Burgason

We are workin on thi for our future roadmap. The max fee or spread we will ever charge is 1%

Cryptodiffer Community

Can we use MobiePay for payment gateway on online market? And which online market we can use it currently?

CEO at MobiePay, Brandon Burgason

No market currently, but when launched you will be able to make online purchases using our plugins and gateward for ecommerce that allow you to make purchase by scanning qr code on screen

Yes, that is the plan and exactly how we built the system to support fiat and crypto.

Cryptodiffer Community

What are the major Achievement for MobiePay in this year 2020? Can you share with us the short-term goals and long-term goals of MobiePay ?

CEO at MobiePay, Brandon Burgason

Getting our US Banking and Custody integrated to allow for USD on/off ramps

Cryptodiffer Community

The KEY to the REVENUE that will power the platformā€™s future development and success is COSTUMERS. What is your REVENUE MODEL, that highly beneficial for your costumers?

CEO at MobiePay, Brandon Burgason

Unlike other projects, Mobie is a US based fintech business. We have a seasoned fintech team with 9 different revenue models. The largest one come from our IP that sets us apart from another companies

Cryptodiffer Community

1. Payments are going mobile but presently, the transfer of money is slow and very expensive. How does Mobie aim to solve this?

2. In P2P payments, what currency are users allowed to send and receive?

CEO at MobiePay, Brandon Burgason

Yes this is correct. Primary reason for using Stellar. They are fast, cheap and have a built in DEX.

Cryptodiffer Community

MobiePay will support exposure to “traditional” assets. Aren’t you afraid that with this strategy, your project will be inclined to centralization and lose its focus?

CEO at MobiePay, Brandon Burgason

This strategy is important to bridget the gap. We need to retain user base from both markets and show mainstream users how easy crypto can be with our platform. We are hyper focused on easy user experience

Cryptodiffer Community

What kind of advantages do you bring differently for enterprises and SMEs?

How will your mission progress to implement a transparent and flexible system and act with the value of investors’ hard-earned money?

CEO at MobiePay, Brandon Burgason

We bring them instant settlment, and 75%+ cheaper costs. We are also implemented a data platform that will power our promotion and marketing suite for merchants.

Cryptodiffer Community

How will MobiePay continue to promote your product in the future? Do you already have plans for other interfaces with other companies ?

CEO at MobiePay, Brandon Burgason

We have a significan affliate programs where people and businesses are strongly incentivized on brings other people and business to Mobie. User adoption is a key focus of ours

Cryptodiffer Community

Currently, If we pay through Visa or MasterCard. Then, also transactions are made within seconds and secure. Why should use MobiePay?. Phrased differently what makes MobiePay is betters than other alternative payment gateway?

CEO at MobiePay, Brandon Burgason

They are made in seconds but not settled in seconds. They alway have chargebacks and other legacy issues. With mobie, it is made and settled with merchant instantly. We convert crypto to fiat instantly for them.

Cryptodiffer Community

What are you presently focusing on in MobiePay ?Is it building and developing or getting customers and users, or partnerships?

CEO at MobiePay, Brandon Burgason

We are focused on partnerships at the moment. WIth our model, the partnerships will bring us the users. One partnership alone is estimated to bring us at least 100k users.

Cryptodiffer Community

How does MobiePay plan to dominate the blockchain market?

How MobiePay solve the liquidity problem?

CEO at MobiePay, Brandon Burgason

We plan on dominated by creating a way to crypto to be used as payments that merchants will accept. Also by our affiliate program.

Cryptodiffer Community

Where does the project name come from? What does it mean for you and why did you choose that name for your project?

CEO at MobiePay, Brandon Burgason

Since we are mostly a mobile phone based payment app, we chose Mobie as a cool way to say MOBILE

Cryptodiffer Community

Your project looks good but it confuses me that there are so many other Blockchain project. What should I pay attention in Your project to give it the importance it deserves? What are your planning to achieve with your project?

CEO at MobiePay, Brandon Burgason

Because of our partnerships. Our secret sauce is our revenue models and demographic we serve.Ā  Most all blockchain project serve crypto users. We serve mainstream and merchants as well.

Cryptodiffer Community

What is the MobiePay doing for the mass distribution of blockchain technology?

How easy is it to use MobiePay in an existing infrastructure?

CEO at MobiePay, Brandon Burgason

We have built a off chain solution that can plug and play into different blockchain and faciliate payments by integrating their native coins/tokens

Cryptodiffer Community

To be able to pay using MobiePay, it is necessary that the seller is an affiliate of the platform? Is it possible to use MobiePay anywhere as if it were a debit card that is accepted worldwide?

CEO at MobiePay, Brandon Burgason

No it is not nessary, we will have card capibilites but also intrating directly with Apple and Google Pay

Cryptodiffer Community

Do all countries currently have MobiePay service or are there restrictions for certain countries?

CEO at MobiePay, Brandon Burgason

We are a US based company so any country sanctioned by the US will not be able to use Mobie

Cryptodiffer Community

What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?

CEO at MobiePay, Brandon Burgason

We intend on using ambassadors and affilates to help raiser awareness

Cryptodiffer Community

Payment platform on blockchain is a field which is full of projects, some of them that i can tell :Coti, Zeux, Wirex, etc… They already have working products and customers base. So, to compete with them while your project is still new, what does MobeiPay have?

CEO at MobiePay, Brandon Burgason

Our secret sauce is our large retail parntershis they donā€™t have. Not to mention they have no real user adoption strategy and hight focused on crypto.

Cryptodiffer Community

As far I know that Stellar is an open-source network for currencies and payments . So Why does MobieCoin (MBX) built on Stellar Blockchain ? How Stellar better than typical blockchain-based systems ? Speed , transactions fee or more energy-efficient….?

So we now have many users that care only about the price of token, they just want to dump MobiePay Ɨ2 and move on. Now, how can you create a community that will focus on the long term goal of MobiePay and hodl their tokens, and not turn your project to a pump and dump?

CEO at MobiePay, Brandon Burgason

We chose Stellar for many reasons. 1. Speed = Stellar settles transactions in 2-5 seconds. 2. Cost = To send 100,000 transactions on Stellar only cost $.01 USD. 3. Accessibility = Stellar use Anchors that connect to the currently global banking system 4. DEX – Their decentralized distributed exchange all of peer to peer exchange of fiat and crypto assets, one of the major utilities of MBX token.

Cryptodiffer Community

Many investors hit and run in the sell and sell session after listing on the first exchange, How did $ MBX prevent early investors from selling their tokens and what benefits would $ MBX give them?

CEO at MobiePay, Brandon Burgason

Our staking will do a lot to support sell pressure. Also we expect our partnership announcements to assist.

CEO at MobiePay, Brandon Burgason

Thanks for the great questions!! Really enjoyed them. Well thought out!!

Cryptodiffer TEAM

Awesome!

Thank you. Appreciate your time, great answers.

Thank you everyone who took part today.

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