MobiePay, a popular service that aims to bridge the gap between blockchain and the mainstream, has recently announced a major change of its brand. The project has now changed its name to Mobie Network.
Initially, the project started off as MobiePay, in order for people to know what type of project the team is developing and what kind of service they plan to offer. However, as the development continued, the project decided to broaden the scope of different technologies and products that it aims to build and offer.
But, with all the new products in the pipeline, the name MobiePay no longer does it justice, indicating that the project offers less than what it actually has. As a result, its team decided to rebrand into Mobie Network, which is expected to help with more utility within their platform.
The change will also help build the Mobie ecosystem into a proper network, instead of being simply a payment/banking functionality. On top of that, the project will also enhance its products with other on-chain and off-chain products.
The project’s ultimate goal is to turn its Mobie Network into a hub for all of the crypto-specific innovation that is encompassed under the Mobie umbrella. This is meant to include everything, from MobieSwap, Mobie Bridge, the token side of the app, staking and rewards functionalities, the tokenized community, and more.
What Innovations are Coming with Mobie Network?
Mobie Network will also build mainstream products with blockchain by bridging the gap between user experience and this emerging technology. One way to do it is to provide a more personalized payment experience. Specifically, the project will offer a personal and business finance app that will be available on the web and mobile alike. Next, they aim to offer an efficient and dependable gateway for crypto and fiat currencies alike.
This will allow them to handle anything, from checkouts to transfers. Mobie Network also plans to get involved in gaming payments. Crypto and gaming have been a great match for years now, and Mobie Network can contribute to that relationship further by bringing innovative payments, data, and sophisticated analytics.
Speaking of analytics, the firm is bringing consumer and market insights to those who need it, and in doing so, it can help drive loyalty and conversions for retailers in any industry.
Finally, with the NFT sector exploding in 2021, it is not surprising that Mobie Network is eyeing that space as well. In terms of NFTs, it will support users with creation, purchasing, storing, or swapping them, with all of the transactions being effortless, efficient, and with a seamless interface.
Of course, the network will continue to allow users to spend, send, earn, or give cash or cryptocurrencies instantly. There is a clear advantage to being able to do all of this from one spot. However, Mobie Network is going even further than that now, offering users to use crypto for everyday purchases, it offers incentives for adoption and growth through cashback and affiliate revenue, and it simplifies payments for the merchants, making it easier for them to start accepting cryptocurrencies.
In doing so, merchants stand to become a part of an extremely popular emerging crypto industry and increase the number of customers through inclusiveness.
Conclusion
All in all, MobiePay was an important chapter in the project’s history, but now it is time to take the next step, and Mobie Network is the working name for this new segment of the company’s history.