SACRAMENTO, California, 24 December 2018 / PRNewswire-PRWeb / – Monarch Blockchain Corporation announced the imminent release of MonarchPay, a payment solution on the market that allows merchants to integrate cryptocurrency as a payment method for products and services.
MonarchPay will continue to implement more functionality as platform development progresses. The first of these features is the introduction of the purchase and sale of cryptocurrency within the Monarch Wallet, which will be available on the Apple App Store and Google Play by the end of December.
Monarch users will have the option of linking their bank or credit card for the purpose of buying or selling Ethereum. What distinguishes the new functionality of Monarch from similar services provided by Coinbase or the exchange of cryptocurrencies is that the decentralized ownership of the user's funds is protected and maintained. For many crypto-enthusiasts, the control of their "wallet" and their private keys is fundamental to the heart and soul of the cryptocurrency movement. Monarch supports this philosophy by allowing users to buy and sell wallet accounts directly owned and controlled by the users themselves.
The upcoming MonarchPay updates will include the purchase and sale of multiple cryptocurrencies, such as Bitcoin (BTC), Ripple (XRP), Stellar (XLM) and others. The plan for the early 2019 is to provide easy-to-use web portals for both merchants and customers. For merchants, there will be resources to add cryptocurrency as a payment method on their website. Several portal tools will help track transactions and send inbound revenue to your bank account in the form of USD. The conversion from cryptocurrency to US dollars will occur automatically, protecting traders from the volatility of cryptocurrency prices.
For customers, the platform is a simple and practical way to make practical use of their cryptocurrencies. For many, the value of a coin or token is directly related to the utility it provides. In other words, what can a user do with his cryptocurrency?
It is Monarch's job to make sure that the user can do a lot with it.
The ability to buy and sell within the Monarch app is a welcome addition to an already impressive range of features including: cryptocurrency storage, sending and receiving, transaction history, market data, portfolio monitoring , news and account management.
Learn more about Monarch products and services and subscribe to our official community channel (t.me/MonarchToken) to ask questions.
SOURCE Monarch Blockchain Corporation