Cryptocurrencies are here for the long haul. This makes a lot of consumers happy, including the team at Mobie. As a mobile payment app, Mobie has been working long and hard to perfect their ecosystem. The app includes a bankless crypto and fiat payment service, a decentralized wallet, and best of all, the ability to gain rewards from spending. Mobie’s technology-focused approach is committed to facilitating payments between consumers and merchants, all while keeping the costs to a minimum. Their long-term goal is to build out an infrastructure in the DeFi arena, which functions as a universal payment solution for all currencies, both on and off-ramp. The Mobie app is useful for both crypto-savvy and non-crypto-savvy audiences. It gives everyone an in on this booming market, which is gradually shifting to mass adoption.
The Mobie Ecosystem
Here is a breakdown of Mobie’s business model. For starters, MobiePay, is a payment gateway for users to anonymously pay for goods and services. They can be used at merchants nationwide, and consumers will have the chance to earn rewards. The reward structure on the mobile payment app is as follows:
Earn up to 6% cashback when rewards are donated to charity
Chance to earn up to 3% cashback when claiming rewards in MBX (the token at the epicenter of the Mobie ecosystem).
Opportunity to earn up to 2% in fiat cashback
In addition to using the main cryptocurrencies, MobieCoin is another option to include in your arsenal. MobieCoin (MBX) is a native utility token that spearheads spending initiatives, settlements, and a medley of rewards throughout the Mobie ecosystem. As a reward token, it allows users of the mobile payment app to use MBX as a currency.
The digital future is trending in an upward direction, allowing the split demographic of the Mobie audience to leverage their cryptocurrencies, regardless of where they are in the world.
Read more about Mobie’s ecosystem on Crypto.news!
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