Electroneum vs Mazalit vs Terra
What problem does this service solve?
Electroneum is launching a payment system for developing countries. The mobile app, which already has over one million registered users, gives users a small amount of their native token to increase liquidity and adoption. | Mazalit is a payment platform that allows instant mobile payments, escrow services, and other billing services within the jewelry industry. | Terra's goal is to make it easier to integrate Crypto payments with existing banking systems. |
Token Stats
Not Relevant |
Company Description
Electroneum is creating a payment system for developing countries. Their platform is designed for mass adoption and uses a mining protocol that encourages daily use. Electroneum's mobile app will provide a digital payment solution that can be more easily used for transactions in these countries. The platform has a unique mobile mining protocol that gives a small amount of their native token (ETN) to users every day. This is meant to drive user adoption and provide greater liquidity to the network. | Mazalit is developing a B2B payment platform for the diamond and jewelry industry. They hope to integrate blockchain technology to enable instant mobile payment, escrow services, and credit services. Their goal is to provide a payment service that will reduce risk and costs for the industry, while also increasing transparency, security and legitimacy with regulators. | The Terra blockchain is used to record transactions for its price-stable cryptocurrency. Terra is a South Korean company that is focused on leveraging blockchain to facilitate stablecoin payments for a variety of decentralized apps in Asia. The company has partnered with payment gateways such as CHAI and Meme Pay, to enable users to send blockchain-based payments with direct banking integrations, allowing anyone with a local bank account to instantly send stablecoin payments that are pegged 1:1 with their local currencies. |