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Author: Admin | 2025-04-28
Can start with existing interfaces, such as cards, for simple use cases and can upgrade to standards-based APIs to power more complex use cases.Inspiring the next financial services innovationsA range of app developers — including Coala Pay, Inveniam, Fresh Supply Co., Senken and Vayana, among others — are already turning their attention to MTN, channeling blockchain’s power to transform everything from loan disbursement to carbon credits.For example, the property transaction company Coadjute is moving the escrow process to the MTN blockchain, creating a transparent infrastructure for the transfer of funds. In any real estate sale, waiting for paperwork to clear can take weeks. Meanwhile, the down payment is trapped in escrow, where neither the buyer nor the seller can earn interest from it. The Coadjute app allows the buyer to put a hold on money in their bank account; a smart contract then automatically releases the payment once conditions are met.Coadjute is also exploring automated earmarking – the process of setting money aside for a specific purpose – which is enabled by a blockchain system and combined with MTN rules that subject each party to the earmark conditions. This makes a near-impossible process simple, with transactions automatically triggered — no additional communications, no confusion, no delay. We’ve explored automated earmarking with the Hong Kong Monetary Authority’s (HKMA) e-HKD Pilot Program to successfully use smart contracts to ensure the quality and delivery of physical goods.Pairpoint, a Vodafone company, is using MTN to enable more seamless and automated money movement to support their vision of device-to-device interactions, starting with electric vehicle charging payments. With the Polytrade app, investors can finance fractions of invoices and sellers can manage the complex payment flows automatically.App developers are responsible for managing the complex business processes necessary to facilitate payments, but their products are brought to life
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