The uprising of crypto projects continues to rise as the space’s growth implodes beyond boundaries. Traditional investors have resorted to cryptocurrencies for investments, as enterprises offer their services in the ecosystem. This surge remains pertinent and influential in the growth of the crypto space. However, one of such ideas springing up within the digital space is the creation of the Metaverse. The Metaverse is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces. It isn’t fully existent yet, but platforms like video games offer users the experience of a metaverse. Another blockchain-themed creation is the Metaxion universe, where MetaPay is one of its fundamental units. MetaPay is crucial to Metaxion universe existence, and it is essential to know what it really entails.
The Metaverse And What It Is All About
A metaverse will allow users to work, meet, game, and socialize in 3D spaces. Before now, the idea behind a metaverse was purely fictional and existed only in the mind. However, with its real-life application in virtual video games, the concept becomes real day by day. Many organizations and enterprises continue to be a loud voice in creating a unified metaverse. Top brands like Google, Facebook, Microsoft, and Nvidia are amongst a few interested in a metaverse concept. This is because the advantages the metaverse promises organizations surpass their present business acumen. According to Facebook’s Founder- Mark Zuckerberg, he believes so much in a metaverse as it will create opportunities for people. This is why he wants to utilize the Metaverse to support remote work, creating financial opportunities in developing countries.
Zuckerberg is not alone, as CEOs of major brands globally are looking to explore the Metaverse. Unfortunately, despite this rapid interest, the concept of a metaverse is still alien to users and organizations. This is why the growth of the virtual space has continued to dwindle, despite the rising excitement and interest. Many individuals and enterprises do not understand how a metaverse is built, managed, or governed. However, as time goes on and large corporations remain interested, the concept behind a metaverse should be more transparent. However, according to experts, the growth of the Metaverse will continue as interests skyrockets. This is why large corporations want to get on the train before it’s too late.
What Is MetaPay (MPay)?
MetaPay is a payment method that will allow users to make purchases in the Metaxion universe. MPay, also known as Metapay, is the token that powers the metaverse-based payment system. It is simple to use as a payment method and only requires users to own MPay tokens. Users can utilize its dynamic virtual payment cards to conduct crypto & fiat-based purchases. To operate optimally, users need to hold Meta cards, bespoke MetaPay virtual debit cards.
MetaCards manage contactless retail and metaverse payments and transactions using supported cryptos. The metaxion universe is a different ecosystem present in the Metaverse. To make purchases on metaxion, users must first own MPay tokens. As a utility token, its function is diverse across the metaxion universe, serving users in multiple capacities. To access MetaPay virtual payment system, users can use a web browser with a bespoke terminal link. There is also an option for web extensions and built-in DApps extensible to mobile applications on Android and iOS devices.
How Does MetaPay Work?
MetaPay is a blockchain open payment and settlement system designed to meet Metaverse user needs in unimaginable ways. The virtual payment system is fast, secured, and flexible, catering to peer-to-peer and institutional-based transactions. Users will possess dynamic payment cards to fully function, which will function primarily like credit and debit cards. These cards will allow easy decentralized access to crypto payments in centralized business institutions and enterprises. It will also allow merchants and users to settle retail or metaverse financial payments and transactions.
Asides from being MPay-denominated, it will also support multiple cryptocurrencies. MetaPay also plans to integrate a borrow function via its MetaPay Save Crypto platform. This will avail users and merchants of numerous options to borrow cryptocurrency, especially stablecoins. However, this will not limit users’ experience, as they can still perform transactions and spend their existing crypto assets. This way, system users can grow their portfolios without any limit. According to the project developers, this functionality will kickstart in Q2 2022.
Features Of MetaPay
Apart from its Save Crypto platform, which will enable users to borrow cryptocurrencies for spending, Metapay’s services are extensive. The payment platform also offers users exciting products tailored specifically to improve their experience. Listed below are the other unique features of MetaPay.
MetaPay Blackhole is a decentralized protocol on the payment platform that enables users to execute private transactions. Apart from keeping transactions confidential, users can also hide wallets from the blockchain ledger while transacting anonymously. Blackhole tends to be one of the highly-needed service offerings of MetaPay, as it will excite users who appreciate anonymity.
The currency wallet allows users to preload their debit cards with various cryptocurrencies. The amount of cryptocurrency on this wallet is equivalent to the converted amount at purchase. There is no limit on the wallet, and users can preload as much as they want on it.
The platform is also fully integrated with many blockchain platforms and protocols across the crypto space. It boasts a cross-border platform that does not limit user engagements with other blockchain networks. At writing, it supports multiple cryptocurrencies and tokens like Bitcoin, Erc20, BSC, FTM, SOL, etc.
Metapay debit cards have robust security features to help users protect their funds against thefts and hacks. The debit cards are also secured and protected with custom-encrypted code to avoid loss of funds. All these measures in place are to give users assurance concerning their assets.
Reliable & Low Cost
An exciting feature of MetaPay is that MetaCard charges low fees while offering users perks like cashback rewards. However, users who want to replace their virtual cards will have to pay a fee. Alternatively, there are also options to upgrade MetaCards, which comes at a fee.
Why Use MetaPay?
MetaPay promises to equip users with a trustless, fast, seamless payment method in the metaxion universe and across the Metaverse. In the future, the platform plans to introduce staking, which will allow many users to earn rewards. A percentage of daily savings to go into staking, with a proportionate amount earned as rewards. This way, users can grow their portfolios and are still able to spend from it. The platform’s customer support service is also active 24/7 to support users with any requests, from complaints to card replacement. Metapay promises to ensure users get optimum satisfaction via its integrated system valid across the metaxion universe.
What Is MPAY Token?
MPAY is a token obtainable on the Metaxion universe and select crypto exchanges like Binance, PancakeSwap, and VinDAX. With the token, users can sell parcels and avatars purchased in metaxion and convert them into tokens. However, 5% of its sale and 3% of its purchase are for investors, proportionate to the transaction volume. Alternatively, the 50 billion tokens allocated for the team are currently locked in DXSale along with liquidity. The total supply of MPAY is one trillion coins, while 200 billion tokens have been burned. Alternatively, MetaPay token reserves 20% of its total supply for IDO, 10% for the platform, and 15% for marketing and advertising. Alternatively, it reserves 10% of the total supply for partnership, team, and community stimulus. The last 25% of the total supply is for farming rewards.
How To Buy MPAY Token
For now, users can only buy MPAY tokens from PancakeSwap and Poocoin. However, the project developers hope to integrate multiple exchanges where users can purchase the tokens in the future. To buy on Pancakeswap, please follow the simple steps below.
Download And Create A Wallet
Downloading the trust wallet is easy and fast, as it is available on Android and iOS stores. After downloading, it is vital to set up a wallet to make the purchase process seamless. This involves filling in all the necessary KYC information and verifying your identity.
Transfer The BNB balance to your wallet.
Enter the BNB section from the home screen and tap the Receive button. Copy the BNB Contract address on the screen and transfer BNB from your Binance account or another wallet.
Connect to PancakeSwap
Connect to PancakeSwap with your Trust Wallet for buying and selling transactions. In the “To” section, tap “Select a currency”. Enter the Contract address of MetaPay in the search section on the popup that opens. You can change the amount of Slippage Tolerance from the settings on the Exchange section of the home screen.
Confirm Amount And Swap
Press the “Confirm Swap” button to confirm the swap and complete the purchase on Trust Wallet.
You might also like
More from Altcoin
Which cryptos are the biggest losers during this crypto crash? Here's our top 3, taking into consideration cryptos with a …