Today, When I searching for new potential ICO, I found Monetha. So In this article, I will discuss new crypto coin Monetha.

What is Monetha?

According to their whitepaper, ” Monetha is creating a universal decentralized trust and reputation solution working flawlessly together with mobile payments processing on the Ethereum blockchain leveraging smart contract technology.”

Put in simple terms, Monetha is a payment processor which will allow for financial transactions to occur on the blockchain. What I found is It’s a kind of like a cryptocurrency-based Paypal. So, As we know its a payment processor, It’s fields is E-commerce

Now

How Big Is The Market for Monetha

E-commerce worldwide sales in 2014 were USD 1.33 trillion and are projected to increase to USD 4.058 trillion by 2020.

E-commerce share of retail sales is expected to increase from 7.4% in 2015 to 14.6% in 2020. Furthermore, according to Statista, the number of people buying goods or services online will increase from 1.46 billion in 2015 to above 2 billion in 2020.

We can see, there is a massive market in which Monetha will be operating and, above all, the market is expanding at an incredible rate and will continue to do so for coming years.

What Problems Are & How Monetha Solving Those?

Monetha claim that there are 3 major problems within the industry currently:

1. Expensive and Long Payment Processes
2. Trust and Reputation Issues – Centralised systems cannot be fully trusted
3. The majority of merchants are unable to accept Ether

But Think The first one is the Actually and a huge problem. And others 2 are just shit.

1. Expensive and Long Payment Processes

The 1st problem listed here is legitimately a huge issue within the industry and, it is for this reason that Monetha is attempting to fix a real and huge problem. For this reason, I will be discussing this issue and how Monetha will address it in depth.

Trust and Reputation Issues

I don’t personally believe that the PUBLIC really have a problem trusting centralized companies like Paypal though and therefore the 2nd issue Monetha are attempting to solve isn’t really there in the first place.

Merchants can’t accept Ether

In their white paper, They state

Merchants cannot accept payments in Ether, which has reached a market cap of USD 36bn as of June 14th. Moreover, a totally new digital asset class is being created: tokens of products that are built on the Ethereum platform.

But, We know any payment processor can accept Ethereum and other cryptocurrencies as well. No one can stop them.Therefore, Monetha holds no real advantage in this aspect

Now, Is the 1 real problem that Monetha is solving big enough to justify an investment from us?

My answer is Hell Yeah. This is a million dollar problem.

Read The full Story Here at CoinGyan

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