ACCESS Newswire
08 Nov 2019, 09:43 GMT+10
High fees and chargebacks are a thing of the past! Monarch Wallet now allows businesses, creators and others to easily accept cryptocurrencies on custom or recurring bases while reducing fees to as low as 0.5% per transaction and eliminates chargebacks
RENO, NV / ACCESSWIRE / November 7, 2019 / Monarch (https://monarchwallet.com/), the decentralized wallet and suite of crypto services, today announced the launch of their mobile decentralized recurring crypto payments being live inside of the Monarch Wallet on Android and will soon be live on iOS. This new wallet integration allows businesses, creators, charities and other entities to accept custom or recurring crypto payments, crowdfund to easily collect donations and other types of payments, with fees well below the standard rate for current payment platforms.
At launch, the new MonarchPay integration offers the easiest way to accept custom or recurring cryptocurrency payments, solicit creative and cause-based crowdfunding, all without the 'premium' fees that can reach upwards of 12-50% on services like Patreon and Twitch. Monarch has set a new standard in the payments industry, with a 1% fee across all possible crypto payment options and soon just a 0.5% fee when using their Monarch Utility Token. Patreon currently charges between 5 and 12 percent of income earned per month on its platform, while Twitch fees go up to 50 percent.
Monarch offers benefits to any entities that wish to use crypto for recurring payments, whether those entities are businesses, creators, charities or others, without the need for much technical expertise. Among the prime benefits for Monarch users, other than those low processing fees is the 'no chargebacks' freedom inherent to crypto technology and increased transparency. All of this can also be easily managed from just one place, the Monarch Wallet-whether it's a business managing all of their plans and users subscribed to each plan, to the individual who manages their subscriptions.
'With our new app integration, we are applying the power of the blockchain to stem one of the payments industry's most onerous problems: processing fees,' said Robert Beadles, President of Monarch. 'Beyond that very real and tangible double-digit percentage revenue users won't have to pay back to a payment processor, Monarch offers greater transparency than currently available in the payments industry.'
Since first launching in 2018, Monarch has become a one-stop-shop for more than 315,000 users, bringing together the best blockchain services into one application for consumers, merchants, and partners. Monarch eliminates the need for multiple applications and improves security with a single wallet, delivering every service needed to buy, sell, trade, and manage digital assets.
Monarch is advised by Roger Ver, Bitcoin Foundation Founder and Bitcoin.com CEO; Eric Ly, Co-Founder of LinkedIn; David Zimbeck, lead developer at BitBay and creator of the first smart contracts; Damon Nam, Founder of CoinVest, and many of the most influential names in the blockchain industry. Monarch has acquired a broker-dealer license and is awaiting SEC and FINRA approval.
ABOUT MONARCH
Monarch offers mobile and desktop apps, a decentralized wallet and exchange, a portfolio tracker, and universal KYC integration. Monarch supports more than 3,000 cryptocurrencies. It allows qualified users to buy cryptocurrency with a bank or credit card, earn up to 8.1% APR interest on select cryptocurrency holdings, and switch between hot and cold wallets, all while maintaining their own private keys and seed.
Contact Info:
Name: William Lince
Email: Send Email
Organization: Monarch Blockchain Corporation
Address: 401 Ryland St. STE 200-A, Reno, Nevada 89502, United States
Phone: +1-209-625-9816
Website: https://monarchwallet.com/
SOURCE: Monarch Blockchain Corporation
Get a daily dose of Cleveland Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cleveland Star.
More InformationHONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...
WASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...
DUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
(Photo credit: Thomas Shea-Imagn Images) Brayan Rocchio lined a go-ahead, two-run double into the left field corner with two outs...
(Photo credit: Joe Camporeale-Imagn Images) Janson Junk held the Cincinnati Reds to one hit over six innings and Agustin Ramirez...
(Photo credit: Thomas Shea-Imagn Images) Brayan Rocchio lined a go-ahead, two-run double into the left-field corner with two outs...
(Photo credit: Bruce Kluckhohn-Imagn Images) Byron Buxton has solidified his status as a two-time All-Star for the Minnesota Twins....
(Photo credit: Matt Marton-Imagn Images) The Atlanta Hawks officially welcomed Kristaps Porzingis on Monday while waiving forward...
(Photo credit: Kyle Terada-Imagn Images) The New York Knicks hired two-time NBA Coach of the Year Mike Brown as their new head coach...