MOBU Founder Juan Engelbrecht

Digitization is the most significant revolution in banking. The banking process is now speedier and more reliable than before. Document and record maintenance and retrieval have become considerably faster and easy. The basic banking system is also improved by digital banking.

Along with the rise of nontraditional fintech services and challenger banks, many of the most open banking services have become stand-alone solutions. Banks frequently act as a connecting point between their customers and other service providers.

While some banks and credit unions have chosen to begin this mobile-first transition with a comprehensive core conversion, others have discovered that modular banking is less expensive, faster, and easier to implement. A modular approach allows companies to adapt faster to change and implement new strategies. There are many aspects of the traditional legacy banking system that becomes obsolete and too expensive and slow to be feasible allowing opportunities for fintech’s. Something as simple as changing from a fixed interest rate to a variable rate for a traditional bank can be time consuming compared to a fintech where it is nothing more than a line of coding.

Given the restrictive nature of the banking industry, some banks believe that the concept of gamification in banking is inappropriate and non-viable. Others, however, have realised that banking should not be so strict. With this in mind, they set out to investigate the possibilities for using game mechanics in the banking industry.  A great example of gamification in banking is the usage of QR codes which benefits includes reduction in training time of merchants, easy and quick as it is contactless, linked to bank account and ensures no cloning of cards.  Unlike barcodes, Quick Response codes are 2D with information horizontally and vertically being able to read from any angle. QR codes allows for lower cost of deployment compared to POS/NFC devices and have no need to share CVV numbers.

MOBU’s CEO Juan Engelbrecht has presented in over 30 countries his approach and insights to the future of banking and digital securities and in the process shared some valuable insights on the state of the African financial services sector.  They have launched their own exchange of monetary value or digital currency to be used in several real-world businesses as a more efficient way to transact as the average cross-border transaction in Africa is around 16% in fees. MOBU intends to upgrade their currency to be 300 times faster than bitcoin and 10 times faster than SWIFT in terms of transactions per second.  MOBU is currently trading on Cielo exchange owned by one of Asia`s largest gaming companies called Asibimo.

Africa receives less than 1% of worldwide venture capital investments, which total more than $100 billion. Unbanked adults account for 34% of the adult population in Africa, accounting for a significant portion of the global unbanked population. As a result, the world's second-largest continent, which has 1.3 billion people and 950 million mobile phone subscribers, is chronically neglected. Bitcoin as a store of wealth has progressively gained favor as a result of volatile, restricted, and failing currencies, with Nigeria, Kenya, and South Africa having the third, fifth, and sixth biggest numbers of Bitcoin holders per capita, respectively.

Given its first-mover advantage MOBU not only intends to use their world class blockchain or exchange of monetary value but also integrate with the banking system in the form of new technology called RPP(Rapid Payment Program) issued by Bankserv(ACH) that allows real-time transfers between different banks at lower fees via direct debits.

Wrap-up

MOBU's goal is to become the world's cheapest payment solution, and we eagerly await their game-changing innovation. The MOBU currency has the potential to become Africa's currency because it has all of the characteristics of a perfect monetary value exchange, focusing on both high volume and low value transactions, and it is one of the few truly scalable blockchains. A secure network allowing almost real-time transacting with remarkable low fees.

MOBU - Secure, Low Transaction Fees & Fastest Blockchain

The business world might come off buttoned-down from the outside - but in reality, it's a lot more fascinating than you might acknowledge. Several entrepreneurs are known for starting from failures, budding business is nothing but a rollercoaster ride that an entrepreneur has to go through even if he enjoys it or not. Following the same path, Mr. Juan Engelbrecht the CEO of MOBU introduced a digital investment bank with an aim of affordable payments shifting its focus from security tokens.

Juan was former fund manager at Evolve with funds that had a solid track record of being in the top quartile and he furthermore was the one who went on to co-found the largest crypto mining enterprise in the Southern Hemisphere along with his partners Paul Pelser CA (SA) and Willem Marais, an American investor. Despite the volatility in the market of cryptocurrency many influencers have vanished away, but Juan was the one who stayed committed to his goal of success and served as the CFO of various organizations, demonstrating his tremendous commercial acumen.

Today, MOBU has racked up up an ample investor network and aspires to incorporate its payment system for businesses, where they can continue to support exceptional enterprises in putting forward capital in the form of stock, as there has been no substantial security token offer and the latter has proven to create more inefficiencies in capital markets than solve any problem. MOBU now subsisted as Africa’s gigantic initial coin offering undertaking. Since the crypto market is at a low point and transaction expenses are rising, the focus here is on enhancing the market’s speed, scalability and transaction fees.

The concept as a whole can be forced, but the tenets are simple. Blockchain is a type of database that stores data in the form of blocks in a unique way. In comparison to a conventional database, the data in a blockchain is organised in a different way. Whenever new data arrives, a new block is triggered, transmitting a chunk of new data that is then combined and stored. This develops a virtual chain of blocks, which is cited as a “blockchain”.

MOBU has congregated a sizable investor network and wants to integrate their payment system for businesses, where they will continue to assist exceptional businesses in raising capital in the form of stock, as there has been no major security token offering. Most ICOs had misled about their actual raise. Juan believes that security tokens are ahead of their time in Africa as of now; many innovations are required to make a stable consistency in the market as compared to a country like the US. 

 In A Nutshell

MOBU's motive is to become the world's lowest payment solution, and we eagerly await their groundbreaking innovation. The MOBU token has the potential to become Africa's currency since it possesses all of the characteristics of a perfect monetary value exchange, allowing for both high volume and low value transactions, and it is one of the few blockchains that is really scalable.

MOBU - World`s Leading Exchange of Monetary Value

MOBU introduced his way to deal with an upward direction of coordinated monetary regimes, business involving a protection issuance stage, a protection trade, and an advanced financial arrangement at the Tokyo FinTech Meetup on June 4, 2019. He also shared some considerable experiences on the condition of the monetary administration's area in Africa.

Mr. Juan Engelbrecht, launched a digital Investment bank (MOBU) with an aim of real-time low cost payments shifting its focus from security tokens. Today, MOBU has racked up a sizable investor network and aspires to incorporate its payment system for businesses, where they can continue to support exceptional enterprises in putting forward capital in the form of stock, as there has been no substantial security token offer and the latter has proven to create more inefficiencies in capital markets than solve any problem. MOBU now subsisted as Africa’s gigantic initial coin offering undertaking. Since the crypto market is at a low point and transaction expenses are rising, the focus here is on enhancing the market’s speed, scalability and transaction fees. MOBU’s CEO, Juan is estimated to have a net worth of around 30M USD which mostly comprises of cryptocurrency holdings based on latest trading prices on Cielo exchange.

 Every transaction is carried out in the form of blocks on a peer-to-peer network; direct transmission and verification are feasible, eliminating the need for mediators. Direct money transfers are possible because of the blockchain, which allows transactions that would normally take days to complete to be completed in minutes. Mobu's latest upgrade intends to handle over 1500 transactions per second and use a lightning network with no stipulation code.  MOBU`s aim it to lower complexity so that it can be mined with smart phones and save on the high electrical fees and avoid damage to the environment.

 The notion as a whole can be coerced, but the precepts are straightforward. Blockchain is an explicit type of database that uniquely caches data, in the form of blocks. When compared to a conventional database, the data in a blockchain is categorized contrarily. Whenever any contemporary data arrives, a new block is induced transmitting a chunk of new data which is further amalgamated and put into the chain. This develops a virtual chain of blocks, which is cited as a “blockchain”.

 MOBU`s focus is to become the perfect monetary exchange of value in the world while everyone looks forward to their revolutionary product. The MOBU utility token is the primary financial unit and driving force behind the whole MOBU biological system or commercial centre. The MOBU utility token is the fuel that resolves the whole ecosystem, including the following important highlights:

 ● Without marking MOBU tokens, no specialized organisation will be able to make a profit.

● An airdrop and reward scheme that returns charges to MOBU token holders would enhance client inclusion.

● To increase the scarcity, MOBU tokens will be burnt every quarter creating the opposite effect of quantitative easing.

●MOBU has been integrated into several businesses and discounts will be offered when paying in this way.

 In A Nutshell

 MOBU token is getting a hold on the consideration of merchants and has earned good tallies of holders. As the alliance is innovation based all the exchanges are done through an automated stage making it effectively accessible to its patrons. The MOBU token has the likelihood to become the currency of Africa as it has all traits of a perfect exchange of monetary value catering for high volume and low value transacting that is one of few blockchains that are actually scalable.