The world's richest man, Musk, believes that payment is an important application innovation. After acquiring Twitter (now renamed X), X recently obtained licenses from 13 states in the United States. Is the X version of WeChat Pay far away?
Musk's ambition may also include building a global payment network. This requires obtaining corresponding payment licenses and compliance qualifications in various countries and regions. Current signs indicate that Sentz payment will become Musk's strategic tool for achieving global cross-border payments.
Payment is the lifeblood of economic activities. It connects buyers and sellers, enabling the exchange and circulation of value. It plays a vital role in the operation and development of individuals, enterprises and even the entire society.
In the Internet era, PayPal established a global payment network: supporting online payments in more than 190 countries and regions around the world and more than 20 currencies, becoming the global cross-border payment overlord in the Internet era.
With the development of blockchain financial technology, PayPal will usher in disruptive market competitors. First, let’s analyze PayPal’s profit model. These profits are the cost of users, which brings a lot of financial losses to merchants and individual payments:
1. Transaction Fees:
Merchant Service Fee: When a merchant accepts payments through PayPal, PayPal charges a percentage of the transaction fee. This fee is usually based on a percentage of the transaction amount plus a fixed fee.
Cross-border transaction fees: For cross-border transactions that involve currency conversion, PayPal charges additional foreign exchange fees.
International transaction collection fee rate in Mainland China: fixed fee + 4.4% handling fee;
Mainland China international transaction payment rate: 2% of the total transaction amount; small payment fees are higher: fixed fee + 6% handling fee
2. Withdrawal and transfer fees:
When users transfer funds from their PayPal account to a bank account or other payment instrument, withdrawal fees may apply.
Additional fees may also apply for certain types of transfers, such as instant transfers or large value transfers.
There are also fees for withdrawals and transfers, which cost $35 per transaction, which is also very costly.
3. Value-added service fees:
Premium and Business accounts may require monthly or annual service fees for additional features and services.
PayPal also offers some value-added services such as bill payment, credit card processing, shopping cart integration, etc. These services may require additional fees.
4. Foreign exchange income:
When processing cross-border transactions, PayPal can earn the difference by buying and selling foreign exchange, with a fee of 2.5%.
The above four fees that make PayPal agents profitable will all impose high payment costs on merchants and individual agents. PayPal has become a casino rake model, making sure profits without losing money.
Fortunately, in the blockchain era, the cost of financial services will drop sharply and even approach zero. The focus is on the fundamental transformation of the profit model.
The birth of Sentz is a revolutionary development in global cross-border payments. PayPal relies on commissions to make profits, and the costs are incurred by users;
Sentz has gained popularity around the world by relying on a payment model that makes it possible to send and receive text messages to anyone around the world (basically) for free.
Through the innovative invention of the eUSD electronic dollar, Sentz payments enable payments within 5 seconds, with a fixed fee of $0.0025 per payment. MOB is the fuel of eUSD. Holding $MOB tokens allows users to use Sentz services while also enjoying the benefits brought by the growth in demand for MOB tokens caused by platform development. Development no longer relies on plundering users’ funds, but It is through joint participation in platform construction and enjoying the dividends of development together. This is the power of the token economy.
Sentz and Signal are two big companies that have brought in over 100 million users.
Binance, Coinbase, FTX, and other top investment institutions have invested in MOBILECOIN and firmly believe that Sentz payment is the future of global cross-border payments.
PayPal makes money and profits by charging high fees, while Sentz wins the market by providing cheap, instant and secure services.
Sentz does not rely on high fees to obtain profits, but relies on usage demand to consume Mob tokens, bringing about exponential growth in mob prices to obtain returns for investors, development teams, users and stakeholders.
In this battle between blockchain technology and traditional finance, with the dimensionality reduction of the model, an excellent payment tool like Sentz is destined to win the battle.
The wind from the Atlantic brought Columbus to America and discovered the New World. The $MOB coin of blockchain allows Sentz to deliver cross-border payment services to every corner of the world.
Payment is a trillion-dollar market. When Sentz becomes the core of financial blood, everything is possible for Mob, and the payment overlord is in its pocket.
The Sentz team has close ties with Musk (find the answer yourself).
When chat software was unsafe, Musk once recommended Signal;
When cross-border payment costs are too high, don’t be surprised when Musk recommends using Sentz. Any disruptive and innovative product is worth recommending to everyone.
To sum up: PayPal is a highway robbery; Sentz is a freeloader!
The most important thing is to sit tight and hold on to MOB. The Sentz rocket fueled by MoB built by CEO Sara will take you to the planet of wealth and freedom, which is where everyone dreams.
Note: The cost for institutions to acquire mob is more than $2. Hoarding mob now is to cut off the institutions' leeks. Grab a 100x coin and change your fate. $BTC $XRP $MOB
