AMA with MixPay Protocol (part 1)
Simon Alagbe
Insurance Claims Handler | Account Handler | Expert in Motor Claims, Customer Service & Client Management
MixPay - a decentralized web3 cross-chain payment protocol, which connects different chains, different tokens, different wallets, and exchanges, whether it is an on-chain wallet (MetaMask, Trust Wallet) or a centralized wallet (Blockchain.com, BlockFi), or exchanges (Binance, Coinbase) was invited to an AMA on EDNS Domains telegram channel. Here are the excerpts of the main points of discussion.
EDNS Admin: The AMA starts in 4 minutes, everyone.
Remember community the chat will be muted so that we can have a conducive environment for the AMA.
Hi everyone thanks all for attending this AMA, I am your Host and moderator for today's AMA
Welcome Grank from MixPay Protocol team to our community.
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Grank:?Hello everyone. Grank from MixPay
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EDNS Admin: Grank, EDNS will integrate MixPay as a crypto payment method in the foreseeable future. You said your project is a decentralized web3 payment protocol. Please introduce your project background.
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Grank @MixPay: Thanks for your invitation to your community. Our team feels honoured to cooperate with the EDNS team.
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Grank @MixPay:?Our team was founded in 2017. Over the past five years, we have been deeply involved in the financial field. We have accumulated a lot of experience in risk control/product development.
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Grank @MixPay: Our products include cryptocurrency trading, staking, scheduled investment, wealth management, and lending, etc.
The payment product MixPay was developed last year and launched in March of this year.
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Grank @MixPay:?MixPay is a flexible/powerful encrypted payment protocol that can aggregate all payment methods, channels, public chains, and currencies to provide the best payment solution for web3 project parties and more scenarios.
Our official website: https://mixpay.me/
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EDNS Admin:?Nice, great vision and a solid protocol, now let's move on to the next question.
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EDNS Admin: Payment is a track that requires long-term investment. Why do you want to make a payment agreement? What role does Mixpay play in the Web3 field?
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Grank @MixPay:?On October 31, 2008, Satoshi Nakamoto released the Bitcoin white paper "A Peer-to-Peer Electronic Cash System". 14 years later, Bitcoin has become more influential, but it has not gained popularity as a payment tool. Instead, it has become the “digital gold”.
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Grank @MixPay:?We know that cryptocurrency is used widely as a store of value, as well as in DeFi, NFT, Metaverse, etc.
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Grank @MixPay: But We strongly believe that the widest use of cryptocurrency should be in the field of payment, which was also the original intention of Satoshi Nakamoto behind designing Bitcoin.
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Grank @MixPay: There are several obstacles to the large-scale use of cryptocurrency for payment, such as:
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Grank @MixPay:
- The transaction speed is slow, and the cost is high.
- Prices fluctuate greatly, and goods or services are usually denominated in stable Fiat currencies.
- There are even fewer merchants that support crypto payments.
- Different countries have different regulations related to cryptocurrencies.
Please watch out for part 2 of this article
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EDNS Contact Information:
Website:?https://www.edns.domains/
Facebook:?https://www.facebook.com/ednsdomains
Twitter:?https://twitter.com/ednsdomains
Telegram:?https://t.me/edns_community
Opensea: https://opensea.io/collection/edns/