Since the advent of blockchain in 2008, many other technological advancements have emerged. The sole purpose of the blockchain was to eliminate the intermediaries that exist in traditional financial institutions; hence the pioneering nickname, peer-to-peer technology. Another goal of Blockchain technology was to create an environment for virtually anyone to rely on its “decentralized” base. The race has been on with no finish line in sight when it comes to blockchain possibilities. The spirits who were lucky enough to dig gold from the earth during the infamous rush are now selling the shovel to those who arrive late. This does not mean that they have stopped digging, but not with their own hands.
Manila Stock Exchange – Positioned to Penetrate the Market
After the blockchain fully took hold in the market and almost achieved the title of “trustless” infrastructure, there was a problem! Anything involving money is sure to attract thieves. The Escrow system has been in place for centuries on the blockchain, however, it is rather new and decentralized.
Satoshi Nakamoto envisioned that exchanges should not be affiliated with any authority or person, and that there should be no middleman between traders other than an Escrow.
Peer-to-peer (P2P) trading is about the exchange of valuable assets between individuals. Platforms created for P2P use are designed in such a way that individuals interact directly with each other without an intermediary. P2P trading is becoming increasingly popular and acceptable as it gives merchants the luxury of controlling price, time frame and type of payment, as well as protecting the rights of both buyer and seller using escrow.
With the widespread use of P2P, its trading volume represents a large percentage of all cryptocurrency activity, especially in emerging markets. According to Statista, statistics show that the use of peer-to-peer (P2P) payments among debit and credit card users in the United States was 61% in 2018, and in Canada, 19.7% people across the country have embraced this style and on a semi-annual basis, Nigeria’s peer-to-peer transactions are growing by 25% with $219 million in volume on two major P2P platforms (Paxful and Localbitcoins), followed by Kenya with $92 million and Ghana with $69 million as of mid-2021.
In countries like Nigeria and Kenya, consumers have opted to purchase products and services, as well as pay their debts using digital currencies. The latest statistics show that P2P commerce continues to grow across the world despite the ongoing ban in parts of Africa and China. Millions of dollars are traded daily through P2P marketplaces.
Manilla Exchange App Unveiling – Better Than You Think.
Giving more than any exchange is capable of providing, Manilla Exchange has dedicated servers in place guaranteeing lightning-fast transactions, guaranteed top-notch security and an inciting presence!
Not only loaded with a dedicated peer-to-peer interface, but Manila also offers other financial services that have no competition in the market!
The news continues after this announcement
A token issued – Boasting a governance and utility token called MNLAinternal services at the Manila Stock Exchange are performed free of charge as long as one is dealing with the MNLA token. Owning this token gives holders the right to vote on the Manila Protocol and the expansion of the ecosystem so that we have a Decentralized Autonomous Organization (DAO) Protocol where certain users decide the future of the ecosystem based on industry needs. Manila being a partner of many technology companies, it has the confidence that development decisions can only be in favor of the common goal of blockchain.
The sponsorship system on Manilla Exchange gives you the privilege to earn passively by integrating people on Manilla Exchange. A reward mechanism is in place which ensures that our users earn money by referring people so that those you refer only have to transact and you are constantly rewarded with a commission.
Users can interact with A customer service team with dedicated ideals to serve the purpose of making Manilla Exchange feel like home to users. A world-class rapid response team with 24/7 business hours, beyond the beauty of structural developments and financial solutions is hospitality and management on Manilla Exchange . User complaints don’t see the light of day after being reported!
The most central structure of Manilla Exchange is the Manilla Service Suite which brings financial services to the blockchain. Cryptocurrency exchanges in the market mainly have the Token exchanges characteristic. The flexibility attached to being able to exchange one token for another on Manila at no cost is a feature it boasts of. From its list of supported tokens, users can buy, trade and sell tokens within the app and also transfer tokens to external wallets. Of the exchanges that offer cryptocurrency trading services, only a comprehensive one Ticketing and reservation for its users despite the demand for the service. Daily from 2022, a total of 1.5 million people make reservations remotely on their mobile devices without any human interaction. This figure is expected to see a 33% increase in 2023. With a market value of $827 billion from 2022 steadily increasing by 15% per year according to statista.com, the industry has not been fully tapped. Users can use cryptocurrencies to book services (flights, events and hotels) without exposing their data to the risk of theft. Confidentiality and Freedom Alas!
The payment of Bills, utilities, airtime and data must be the hardest part of spending your salary. Not to mention the value added taxes applied. The Manilla Service Suite being a Blockchain-based application, it supports service providers ready to imbibe the culture of decentralization and bring real relief to the sick population. With a combined total market value of nearly $100 billion on a monthly basis worldwide, buying and paying bills and telecommunications is the most expensive market in the tech space. Three-quarters of this market share is usurped by traditional cash or virtual purchase, with a remaining quarter for barter trade and cryptocurrency. With all the benefits surrounding cryptocurrency, it’s not a fair share of the market, but the problem is that no one wants to claim or compete in a market they seem to have no hope of beating. It is a mistake ! Manila’s suite of services aims to also eclipse, if not eclipse, contemporary models of buying airtime and data by posing cheaper and incentivized transactions – blockchain always rewards followers! These payments are made to mimic contemporary methods with the advent of Map Manila which is compatible with POS machines and ATMs with card service providers such as MasterCard and Visa Card.
Among the many advantages of Manila, one of them is Crypto loans. Manila offers secured loans at very affordable interest rates. This allows a user to worry less about having to sell their assets at a loss to access funds. On the flip side of the exorbitant interest rates of most financial institutions these days, a user can hold the MNLA token and earn staking rewards on the Manila Staking Pool while using it as collateral to secure stablecoin loans! You earn while taking loans with very low interest rates! Manila also offers Gift Card Redemption where users can buy and gift these cards issued by local and global companies such as Amazon, Apple, Google Play, Nintendo and Xbox.
Starting from the services offered by the Manilla Exchange, it gained a reputation ready to explode at the launch by being a partner of many companies and an insane competition of many companies and blockchain projects.
About the Manila Stock Exchange
Established in 2021, The Manilla Exchange is a product of Manilla technologies, a software-focused company, developed to solve the key challenges Blockchain adopters and users face in accessing cryptocurrencies.
A major product is its P2P exchange, 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 fiat crypto traders exchange their assets with another crypto holder or fiat holder. Traders have the option of using other barter instruments for exchange than fiat. The platform aims to address issues with accessing crypto from exchanges, as most exchanges may not allow direct funding with fiat. While the service suite was developed to give a progressive use case for crypto assets.
For more information, visit https://www.manilla.exchange