We hosted an amazing AMA with MiPayment on the 26th of April.
And here we will put some of the best questions:
Q1. Can you please introduce yourselves as well as MiPayment?
Murtaza Khan – Co-Founder of MiPay
Scharief Salem – Lead Developer
Phil Pike – Executive Consultant
We had the idea to create MiPay as an alternative to the traditional payment processing space, transacting in crypto needs to be more readily available, cheaper and efficient so the masses can more readily adopt the technology. Also, the connection we had to MiCamp Solutions made the choice easy
Capturing sales businesses can be difficult, as very few merchants offer the ability to pay with cryptocurrencies to service a global customer base (ie. Bitcoin, Ethereum, Litecoin, Tether, Binance coin, etc.). MiPayment Merchant Payment Gateway (MMPG) is the solution to these problems. MMPG is a scalable point-of-sale system capable of accepting any cryptocurrency as a payment method from a global user base and depositing funds directly into a merchant’s wallet. MMPG utilizes secure blockchain technology to facilitate and record all transactions for affiliated merchants around the world.
This transaction data is compiled and displayed in relation to each MiPayment Token wallet, providing full transparency for both the payment processing network and each individual merchant. Not only does the MMPG provide merchants with a universal crypto point-of-sale system, but it rewards merchants with cash back for each transaction in the form of MiPayment Tokens. Cash back rewards vary corresponding to a percentage of the transaction value processed by each individual merchant. In this way, merchants are encouraged to process higher volumes through the MiPayment network, increasing adoption and driving token price. As per our road map, we are also looking forward to being one of the leading cryptocurrencies for payment processing in the Metaverse.
Q2. What are the advantages of Your project?
We envision MiPayment as being the premier and most widely accepted merchant token in crypto. We aim to also support our merchants along the way by reflections and adding value for them by transacting with us.
Main features and advantages that discern us from other projects:
- Our partnership with MiCamp – 15 billion processed and over 20k merchants already on board with this project. We will be listed on their payment gateway “MiPayment Choice” and have reached all of their processing partners. https://www.micamp.com/
- Our app will have the capabilities to accept any crypto with very low on chain fees and natively transacted.
- The app will have an invoicing function so merchants can conveniently keep track of their payments and transactions.
The app will also display the chart for MiPay as well as being the premier place to buy and sell the token, all directly within the app! - Covid relief vault – MiPay will essentially be paying merchants to transact with our service as a larger portion of reflections will go directly to approved merchant accounts.
- Using an order book system for price stability and risk reduction for investors and merchants – People sell the order book concept as a secure reward program on defi dex tokens because the price is actually stable. Binance builds their whole ecosystem around their order book exchange which enables you for a new layer of use cases. You cannot build a payment asset around an automated market maker (AMM) order book system like a DEX since the whole concept of a dex comes from LP staking and staking rewards.
Q3. please tell us about the goal you want to achieve in this year.
Major milestones to be achieved this year.
- Finish the public presale
- Commence our marketing plans which include:
Current marketing plans
The project team and consultants have a robust marketing plan ready to go, the first stage is AMAs, followed by big press in the form interviews and press releases on Bloomberg, NASDAQ, Forbes, and FOX news. Then there will be crypto focused marketing including cointelegraph etc.. . The community will grow organically with no bots or mass adds.
Future marketing plans
Add global offices and teams: As the project grows so will our need to onboard merchants and payment processors. For this phase we will be continuing the big press interviews and press releases as well and bolstering the crypto space with the same. Our number one goal is merchant onboarding and this will be the focus of our continued marketing plan.
- Complete the iOS and google play store versions of our wallet application
- Commence our Customer Acquisition strategy to expand our merchant network.
Additional Partnerships will be facilitated through:
*International multilingual team in every major geographical region of world
Regional chamber of commerce partnerships
*Additional merchant rewards for using the platform, additional reflection rewards for approved merchant wallets as well as our Post-Covid Economic Recovery Vault: This vault is dedicated to supporting businesses that have been negatively affected by the Covid19 Pandemic. This vault will be distributed to all MiPayment merchant wallets.
- We understand the need for constant growth in this sector to ensure more and more merchants and processors start using the MiPayment wallet and incorporating it into their business.
Just by being an approved merchant processor with MiPayment, they will receive an extra 1% bonus reflection – essentially we are paying/rewarding them to process with us.
We believe we have the processes in place to attract new merchants and users into our ecosystem.
We are offering businesses the opportunity to transact with crypto at a zero buy in plus added rewards for participating.
With targeted marketing, and a strategic approach we know we can continue to attract and onboard merchants from around the globe.
Q4. Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background?
The name was created as an homage to MiCamp Solutions, our initial and very supportive partner. It’s a mix of MiCamp and the payment processing infrastructure we are bringing to the crypto space. So MiPayment just made sense.
Murtaza Khan – Khan has been in the Cryptocurrency industry since 2015, being the first to put Bitcoin ATMs in the interior of British Columbia, Canada. As he grew his experience in the crypto space, Khan started mining crypto and providing liquidity to local exchanges and offering transactional services to the general public. Khan has also been a Canadian Immigration Law professional for 18 years and he saw the need for Blockchain, AI and Crypto as a solution to solve the speed and cost in the Immigration world, and created Migranet. From there, he started consulting on projects that could make real changes, and were about second chances and charity such as the Pablo Token. Under our umbrella company, The Peoples Templar, MiPayment Token project has my 7 years of experience in the blockchain, utility tokens and my full dedication to make it a leader in the payment processing industry.
Scharief Salem – Scharief brings more than 10 years experience in web technologies and digital solutions, therefore leading the development department. He has refined his skills working with different projects and local organizations and his expertise focuses on making creative ideas become attainable software solutions, providing strategic ways of bridging ideas to execution, no matter if it’s server-based or on any blockchain.
Phil Pike – Phil has been trading in the crypto space since 2017, has a Bachelor of Business Administration from Memorial University in Newfoundland Canada and has a passion for all things Crypto. He functions as the executive consultant providing support for the project in any capacity needed.
Q5. NFT is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on NFT with us? Do you think NFT will disrupt the current financial system? What is Your project’s approach to the NFT sector?
So as you all have heard by now, MiPayment is a payment processing project and does not have direct reach into the NFT development space. We do love NFT’s and will be able to transact them on the platform when our Metaverse version is developed.
And here we will put best questions from our members and MiPayment fans:
Q1. Almost 4/5 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?
This project is different from the majority of projects we see in this space, while there are a handful of gems that have real utility and an opportunity to be legit business, most are flashes in the pan – here one minute and gone the next.
MiPayment is dedicated to long term stability and growth, our partners and roadmap can attest to this. By partnering with a real world payment processor that services over 25K merchants and transacts more than 15 billion each year we believe our ambitions are clear.
MiCamp Solutions is just the first of many partnerships that will be announced in the coming months as our network continues to grow and expand globally.
So to your question, this project is dedicated to providing long term price stability and constant growth, protecting your investment and ensuring your funds are safe.
Q2. Currently, payments in cryptocurrencies are mostly not yet accepted in the world, few are available in some countries such as El Salvador,…You say that MiPayment is partnered with a U.S.-based payment processing company, so is MiPayment global or limited to the U.S.?
MiCamp is a US based company but they already have a large number of global merchants on their roster. Our ambitions are global and we plan to be in every major region of the world. So no, we are not limiting ourselves to just the US.
Q3. What’s your current roadmap status? Has #Mi_Payment been successful in reaching all your roadmap targets? Can you give us a brief roadmap update?
Our roadmap on track but it is still in the early days as we are currently in the middle of our public presale which can be found here – https://www.mipayment.io/ – The initial web based wallet has been developed and is the platform we are using to facilitate our presale. The downloadable wallet app is in development and will be available in 2-3 months time. Heavy marketing is coming soon in the form of:
Current marketing plans
The project team and consultants have a robust marketing plan ready to go, the first stage is AMAs, followed by big press in the form interviews and press releases on Bloomberg, NASDAQ, Forbes, and FOX news. Then there will be crypto focused marketing including cointelegraph etc.. . The community will grow organically with no bots or mass adds.
As for our Future marketing plans
Add global offices and teams: As the project grows so will our need to onboard merchants and payment processors. For this phase we will be continuing the big press interviews and press releases as well and bolstering the crypto space with the same. Our number one goal is merchant onboarding and this will be the focus of our continued marketing plan.
We are happy with the progress of our roadmap and are looking forward to checking off more items as we move along with this project.
Q4. From your roadmap, I saw that the MOBILE APP WALLET DEVELOPMENT is yet to be accomplished on Phase 1. Can you briefly describe what features will this mobile wallet have? and how will it be different from the common mobile crypto wallet existing?
So this mobile app differs from the traditional wallet applications and is dedicated firstly to being a merchant transactional wallet, meaning we will have invoicing functionality, in app chart to track token price, the ability to transact in any crypto from anywhere in the world, and a merchant tracking functionality that is going to really open up our merchant user base and easily let our users know where MiPay is being accepted.
This is what the app will look like post presale…
Q5. How is the MiPayment ecosystem engaging with cryptocurrency payment options considering opening a business to a GLOBAL MARKET of consumers without having the need to integrate Payment method solutions for each economic region?
This is the beauty of the wallet, we are providing access to any merchant in the world that wants to transact in cryptocurrency. All they will need to do is download our application and start accepting payments!!
Q6. I AM INTERESTED to investigation in your project. When and where can i buy your tokens? Is it already listed exchanges?
Yes and thank you for supporting the project!
Our private presale has already sold out and our public presale is now LIVE!
You can check it out here, https://mipaymentwallet.com/
Users can purchase the MiPayment Token by simply investing directly with native BTC, ETH, WAVES, BNB, BNB (BSC), USDT, USDC, USDN or with their integrated decentralized USD balance that they can top up with a credit card.
MiPayment Wallet is a web based interface for the creation of a Web 3.0 cross chain enabled decentralized wallet. The wallet users can create is stored locally encrypted on their device. A double encrypted hashed and salted wallet backup is stored on MiPayment backend. Once a user two-factor authenticates, the interface will decrypt the wallet with their password used at wallet creation and the user can directly sign blockchain transactions.
Check it out and let us know what you think!
Q7. Every project requires collaboration. So, who do you have as a partner? What are the advantages of these partnerships for both parties?
Our partner MiCamp Solutions, as discussed earlier, comes with a lot of weight in the processing industry. They process over 15 billion a year in transactions and have over 25K merchants!
This collaboration gives our project the reach we need to be successful as well as assisting us in legitimizing the project. MiPayment Token will be listed on their payment gateway call “Mipayment Choice” as the exclusive merchant rewards token.
They benefit from having a new and exciting pay option for their merchants and we benefit by having such a great partner to assist us in bringing this project to the masses!
Q8. Where I can get the latest updates or more information about the project?
- #Telegram
- #YouTube
- #Website
- #Medium
- #Discord
Can you share with us the links for your project in all of those?
Yes we have all the social channels listed here. Please follow and support as we are just starting our campaign! Thank you!
Twitter – https://twitter.com/mi_payment?s=21
IG – https://www.instagram.com/mipaymentgateway/
Facebook – https://www.facebook.com/Mi-Payment-Token-109774338193437/
Telegram – https://t.me/mipaymentofficial
Credit Card Processor (Third Party) – https://ramp.network/
Payment Processor Partner – https://www.micamp.com/
Website and Whitepaper – https://www.mipayment.io/
Wallet Application – https://mipaymentwallet.com/
Q9. Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space.
Yes, we have immense marketing on the way! Please refer to our marketing plans below. Onboarding new merchants is key to our success and growth so mainstream channels such as Bloomberg and NASDAQ will assist us in spreading the word outside of the traditional crypto investor space!
Current marketing plans
The project team and consultants have a robust marketing plan ready to go, the first stage is AMAs, followed by big press in the form interviews and press releases on Bloomberg, NASDAQ, Forbes, and FOX news. Then there will be crypto focused marketing including cointelegraph etc.. . The community will grow organically with no bots or mass adds.
As for our Future marketing plans
Add – Global offices and teams: As the project grows so will our need to onboard merchants and payment processors. For this phase we will be continuing the big press interviews and press releases as well and bolstering the crypto space with the same. Our number one goal is merchant onboarding and this will be the focus of our continued marketing plan.
Q10. Many countries where English is not the official language have energetic crypto communities, do you have local community groups, what kind of work have you done for local communities so far?
As we are a global project we will be creating various channels to reach the vast markets around the world. We value all of the investors and merchants from around the globe so this is essential in reaching our goal of making MIPayment the preferred payment platform of the crypto space. Plans are to have a multi language website in the coming weeks and also to take on teams from every region to spread the organization. That includes being partners with international chambers of commerce to attract merchants.
And this was the end of our AMA with MiPayment.
If you have any questions you can ask here:
Telegram Group: https://t.me/mipaymentofficial
ℹ️ℹ️ Useful Links ℹ️ℹ️
- Wallet App: https://mipaymentwallet.com
- Website: https://www.mipayment.io
- Twitter: https://twitter.com/mi_payment
- Discord: https://discord.gg/6RkbsNVCCA
- Facebook: https://www.facebook.com/Mi-Payment-Token-109774338193437/
- Instagram: https://www.instagram.com/mipaymentgateway/
- WhitePaper: https://www.mipayment.io/clkn/rel/a-2-lightbox.html