MFCHAIN: THE MOST ADVANCED FINANCE CHAIN

cryptotraderrr (45)in #crypto • 6 years ago (edited)

MFCHAIN: AN ALTERNATE TO EXISTING SYSTEM

It’s the nature of human beings to always search for better and better things. If we talk about technology, it keeps on developing time to time. Every new day is emerging with latest technological system. In recent decades finance was considered as the most advanced finance system. Today people are able to buy and sell things all over the world. They don’t have any need to physical place to get desired things. However, it’s not the end. There are still more problems that have to be resolved and it needs most advanced technological system.
MFCHAIN is offering complete trading solution by using Blockchain technology. MFCHAIN is going to be the very first platform that will give rewards to for purchases or for using MFCHAIN payment system for processing.
MFCHAIN intends to offer number of solutions like private Blockchain, multi-programming language, multi-blockchain integration, verified digital identity and many more.

THE REASONS OF MY SUPPORT FOR MFCHAIN

In the current system, the users are encountering lots of problems. The most common problem is high transaction fee and sometimes it becomes so high that an average user can’t afford to use. That means if the issue gets resolved, there is huge potential in this sector and is able to attract large number of customers from all over the world.
Reward and discount system is another method to attract the huge number of users. If we look at history, we can clearly see the statistics that credit card holders were given lots of rewards and it became the main reason of the success of the credit card usage but still there are some flaws. The fee depends on several factors like payment gateway, credit card issuer, the merchants here also act as intermediary consumers. So, the merchants are left with two choices whether to transfer the load to customer or bear the loss themselves.
Chargeback is another problem. According to a survey, chargeback loss was about 6.7 billion $ in 2016.This problem makes the whole system vague. There are lots of chances of fraud. The merchants have to bear big loss. Sometimes the losses are transferred are transferred to consumers in different forms. So, anxiety exits on both sides. There is big question mark at the transparency of the system.

MFCHAIN has offered solution to all these problems.

Its unique cost-effective cryptocurrency payment system allows the users to purchase services from merchants. Its sustainable system gives reward to both consumers and the merchants.
Here is description how merchnats will be rewarded.

Merchants will be provided 1 percent of rebate cryptocurrency volume. They will be paid in form of MFX tokens. MFCHAIN will continue its rebate program about next five years. Additional rewards will also be given. The consumers and the merchants will be able to get multiple rewards from single transaction.MFX tokens will be replaced with MFF tokens within the launch of MF Mainnet.

Consumers will be rewarded in several ways. Here is description how consumers will be rewarded.

They would be able to spend their cryptocurrency at their favorite merchant. When consumer will spend MFX tokens at merchant by using mfchain platform, the consumer will be given 1 percent of rebate directly in his wallet. There will be freedom for the users to spend cryptocurrency without any involvement of cryptocurrency exchange. Multi-currency payment options will be available. Fiat conversion options will be available. There will be no chargebacks. There will be no interchange fee. Users will be able to access new markets and above all there will be no high-risk merchants.Here is description how consumers will be rewarded.

MFCHAIN is using smart contracts supported by multi-languages. The most significant feature of MFCHAIN is that its integrating multi-blockchains to handle big transactions and this makes mfchain system fast, reliable and easy to use.
MFCHAIN platform is able to compete the existing system and is best alternate. Surely it will soon be able to attract large number of customers within the platform.

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