The original cryptocurrency, Bitcoin, was designed to be a trustless, peer-to-peer electronic cash system. Unfortunately, some unforeseen problems arose from Bitcoin's use and popularity. Among these problems are speed, economy, stability, and scalability, which were all compromised with the expanded use of the coin. In addition, virtually all other cryptocurrencies suffer from at least one, and usually more than one, of these deficiencies.
Only a cryptocurrency which is stable and can provide the necessary speed, scalability, and cost effectiveness elements will prove suitable for use as an everyday currency.
The primary objective of the Monetran project has been to develop a stable token which can be used in everyday commerce, including for micropayments of $5 or less. The token has been designed not only to maintain its value, but to steadily increase in value over time. It will be backed by a portfolio of tangible assets and be redeemable for a portion
of the account that reflects the number of tokens in circulation. In the future, it will entitle discounts for use on services provided by the Monetran system.
In short, this token – called Moneda – will deliver all of the features a cryptocurrency would need in order to be considered as the favored medium of exchange for Internet transactions.
Built on the incredibly fast Stellar network, Moneda will enjoy all the advantages that platform has to offer, including low cost transactions, swift and secure transfers, and conversions from one currency to another.
Future plans call for the establishment of a funds transfer network with a primary emphasis on remittances, which are at this point in time a global market worth nearly $600 billion and growing.
A web application has been designed for this venture which promises to deliver a seamless user experience in addition to speedy and economical transfers and transactions