Manilla Finance – The Next Big Thing in Blockchain, almost ready for launch
The 21stSt The 20th century is described by many researchers as the golden age, where all aspects of today’s society are driven by technology. Distributed Ledger Technology, which many describe as the pioneer of the 22nd centuryn.d century, has provided a way in which an economy can exist without the need for trust. As a result of the increasing competition within the blockchain ecosystem, it has forced various exchanges in the space to innovate as their designs are now geared towards user comfort and usability. The cryptocurrency market is known for its volatility, therefore it is important for anyone participating in the market to trade with uninterrupted and real-time data to stay on top of trade execution. And that is precisely why Manilla Finance is building a platform that includes a P2P exchange and a utility bill payment platform.
P2P platforms are the embodiment of decentralization as they involve traders trading directly with each other without the need for a centralized third party to facilitate the transactions. When Bitcoin first launched, the only way to have Bitcoin in your wallet was through the P2P market in China before the development of centralized exchanges and other ways to enter the market.
P2P trading is becoming more popular and acceptable as it gives traders the luxury of controlling pricing, payment time and type, as well as protecting buyer and seller rights using escrow. Due to the widespread use of P2P, trading volume accounts for a significant percentage of all cryptocurrency activity, especially in emerging markets.
According to Chainalysis’ latest report on cryptocurrency adoption, worldwide adoption of the asset class jumped 880% with P2P platforms driving cryptocurrency adoption in emerging markets. The report explicitly stated that P2P trading volume accounts for a significant percentage of all cryptocurrency activity in the world.
In countries such as Nigeria and Kenya, consumers have become known to purchase goods and services as well as pay debts using digital currencies. The latest statistics show that P2P BTC trading continues to grow worldwide despite the ongoing ban in some parts of Africa and China. Millions of dollars are traded in the P2P markets monthly.
According to Chainalysis, “Several emerging market countries, including Kenya, Nigeria, Vietnam and Venezuela rank high on our index largely because they have huge transaction volumes on peer-to-peer (P2P) platforms when adjusted for PPP per capita. and Internet-using population. Our interviews with experts in these countries revealed that many citizens use P2P cryptocurrency exchanges as their primary entry into cryptocurrency, often because they do not have access to centralized exchanges.”
Packed with the information above, what we have done is to develop a most needed P2P exchange that allows trading of both tier 1 as well as top performing DEFI tokens. The platform also showcases the robust Manilla Service Suite with conventional fintech capabilities bridging the blockchain and enabling users to pay for their daily utility bills using their preferred cryptocurrency – i.e. a one-box P2P exchange and payment solution !
Development started in April 2021 and with the support of global leading technology partners, the team is working around the clock to complete a flawless MVP that will be ready for the market in a couple of months. It is also important to note that the seed round fundraising launched to raise funds for rapid development was fully subscribed – a clear indication that investors are hugely interested in the project.
Unveiling the innovative Manilla application
Manilla Finance is poised to be the world’s most robust multipurpose application specially designed for anyone and everyone, regardless of their trading skill level. This exchange gives traders the luxury of buying, selling and exchanging digital assets on the go, hassle-free and at the best prices among peers. It will likely be the first platform to also connect traditional fintech services to the blockchain in a progressive effort to build real utility for the top digital currencies as well as the Manilla native token, MNLA.
The trading portal is wired in such a way that ensures it stands out differently compared to the already existing traditional P2P exchanges we see today. With a sleek and user-friendly interface, Manilla has positioned itself to be a top platform for beginners, who find it difficult to understand the complexities of blockchain technology. The Manilla platform, like all other conventional P2P trading platforms, involves users interacting directly with each other, but with the integration of certain protocols built into decentralized and centralized exchanges – exchange protocol, staking protocols supported by a native utility token (MNLA), a modest and sustainable high yield investment program for those who intend to stake their tokens for the long term and a lending protocol.
Manilla has so much more to offer than any other P2P exchange today, as it offers multi-device compatibility, escrow services that lock the funds until both parties agree on the exchange, dedicated servers in place that ensure lightning-fast transactions, and a guaranteed top-level security audit in check to secure against possible loopholes and protect assets even if you earn 25% bonus as a user from the referral program whether you trade or not.
Our services do not end because, unlike the conventional P2P exchange, the transformation with Manilla is an important milestone in this area. With the invention of Manila Service Suite which consists of an endless list of features to facilitate daily financial drives from as little as buying airtime, data, paying electricity bills, to booking flights, ticketing to spot loans, selling gift cards and high return bets. limit for users of the platform as there is so much more to enjoy. The Manilla platform also has a reward system that incentivizes investors who stake the MNLA token for 365 days with 40% of all profits generated for that fiscal year. The long-term commitment also automatically grants investors access to a DAO for open governance of the Manilla ecosystem.
The web-based application for Android and iOS will launch in 44 countries, including the UK, Australia and Canada. Manilla Finance brings us together and with this invention we are able to tick off some disadvantages in the space. As the launch approaches, we invite all traders and blockchain enthusiasts to join our growing community at Twitter & Telegram.
About Manila Finance
Established in 2021, Manilla Finance is a product of Manilla Technologies Ltd, a Web3 software powered company, developed to solve the major challenges faced by Blockchain adopters and users to seamlessly access cryptocurrencies. The company houses a massive group of Web3 developers drawn from West Africa, South Asia and North America.
Manilla’s star product is the Manilla Finance application which houses the P2P portal – an exchange method that allows traders to trade directly with each other without the need for a centralized third party to facilitate transactions. This means that crypto fiat traders exchange their assets with another crypto or fiat holder. Traders have the flexibility to use other instruments of exchange for exchange than fiat. The platform aims to solve the challenges of accessing crypto from exchanges, as most exchanges may not allow direct funding with fiat. While the Service Suite was developed to provide a progressive application and utility to crypto assets.
For more information on this highly innovative and scalable project, visit Manilla Finance’s official website
