FinTech on the blockchain platform is disrupting the finance industry at quite a fast pace. Blockchain is best known for its distributed ledger technology to underpin digital currencies like Bitcoin. However, it has other benefits as well, like it secures the data transmission involved in payment processing, online voting, contracts execution, signing confidential documents digitally, or for verifying audit trials involved in bonds, stocks, and shares.
Monke.io is such a service that is built on the Minter blockchain platform, that enables instant transfer of coins on the network. Minter Foundation is a US-based entity that supports the development and adoption of the Minter Blockchain ecosystem. It allows the users to create and manage their own coins and then exchange them at a fair price with instant liquidity. As per the announcement made on behalf of Minke.io, this solution will allow the users to send any Minter-powered coin by using the crypto keyboard. For this, the users will not have to leave the application they were using previously. Minke.io also announced that it has applied for a review of such services in the weeks to come.
Talking about this innovative step, Monke’s creator, Mr. Alexey Sidorov, said,
Minter blockchain is lightning-fast, processing transactions in five seconds on average. Our product, however, aims to make things even faster for the end-user. Take, for example, a situation where you didn’t chip in for your friend’s housewarming gift. To fix it, you would normally have to open the wallet first, then copy-paste the address, and so on. With Monke, you can do all of that right in your group chat; the only thing you need is already there, it’s your keyboard. I also believe it’s an interesting case for a crypto project as native integration with some giant messenger could take years.