Monetran's original offering opened on June 5, 2020 and was completed on February 19, 2021. Except for the Updates section which may contain more recent information, the information on this page was accurate as of February 19, 2021.

Monetran

Introduction

Monetran combines blockchain technology and cryptocurrency to enable customers to transfer funds and send remittances faster and more economically than by traditional methods.

Our system is designed to cost 70% less than traditional money transfers, and to cut the time of delivery down from days to a mere 3-5 seconds. All this while earning considerable profits for the company by extracting fees each time a transaction passes through the company app. From the outset, Monetran intends to use its system to compete for a share of the $700 billion dollar remittance industry.

In addition to its transfer system, Monetran has developed Moneda, an asset-backed, redeemable, stable token. Moneda has been designed to maintain its value, making it a true store of value and a perfect medium of exchange. Moneda encompasses all of the features necessary to achieve mass adoption and is poised to obtain the popularity needed to become a universally accepted method of payment on the internet.

Although both the Monetran system and the Moneda token could thrive independently, we believe they work best when used together, delivering a smooth customer experience and a way for people around the globe to enjoy a fast, economical transfer of funds.

Problem

According to statistics supplied by the World Bank, the average $200 remittance is subject to approximately 7.1% in fees, or more than $14. Because many recipients reside in poor countries, that amount represents a considerable hardship.

In addition to high cost, there is also a high degree of latency involved with the antiquated method of funds transfer still prevalent today . A cross - border remittance normally takes days and, on occasion, could take almost a week to complete. It should also be noted that the blockchains of most of the well-known cryptocurrencies are either deficient in cost effectiveness and / or fast resolution of transactions, rendering them unable to solve these problems:

  • Typical transfer systems are far too expensive
  • Cross-border payments can take a week with antiquated systems
  • Other cryptocurrencies can’t deliver on cost / speed combination
Remittance

Solution

Monetran combines blockchain technology and cryptocurrency to enable customers to transfer funds and send remittances faster and more economically than by traditional methods.

The reason most money transfers are so expensive is because a cross-border payment must pass through a number of intermediaries before reaching the recipient. Each of these middlemen charges a commission, with the end result in most cases being a 7% charge and a transaction delay of days. The Monetran system utilizes blockchain technology, therefore the need - and cost - of middlemen is negated and transaction time is reduced to mere seconds in most instances.

Monetran’s system, which is enabled by the Stellar network, is built to enable transfers anywhere in the world in a matter of seconds at a cost that is approximately 70% less than traditional transfers.

The ability to make economical, rapid transfers is due to the efficiency of Stellar, which is nearly free to use with fees of a fraction of a cent per transaction.

  • Monetran utilizes blockchain which reduces cost by eliminating intermediaries
  • The Stellar network cuts transaction time from days to seconds
  • The efficiency of the blockchain enables transfers for 70% less than competitors
How does blockchain work?

Monetran Completes MVP Built on Company App

Monetran’s development team has completed a version of minimal viable product which operates on our app. The MVP enables customers to register and to both purchase and redeem company tokens, known as Moneda, directly from the company. In addition, we plan to enable customers to make person-to-person transfers of Moneda tokens.

Incorporated in the app is the ability to transfer tokens using the Stellar Network’s federated IDs, which simplify the forwarding process and make transfers as simple as sending an email. Federated IDs take the place of a long cryptographic string of letters, numbers, and symbols normally needed to complete a blockchain transfer, enabling customers to enjoy a smoother and easier user experience.

App chart
Mobile app

MONETRAN MOBILE APP

Future plans call for the construction of the Monetran mobile app. The app has been designed for an easy user experience and will enable all of the features which are available on the PC version. Saving money on transfers will be as simple as logging into a Monetran account, entering an amount, and sending it with a click via federated ID to a recipient anywhere in the world.

Moneda features
Moneda

OUR TOKEN

One of the primary promises of blockchain technology has been that digital representations of value, known as coins or tokens, could employ cryptology to become useful as trustless forms of currency for use in internet commerce. Unfortunately, after nearly a decade since Bitcoin emerged on the scene as the first cryptocurrency, that promise has yet to be fulfilled.

Problems have arisen which have prevented wide acceptance of any cryptocurrency as a medium of exchange in such commerce. Issues of stability, economy, speed, and scalability have plagued those cryptocurrencies that would assume the mantle of a universally accepted form of payment over the internet. However, our unique new type of cryptocurrency, combined with an innovative new platform for its implementation, has delivered solutions to the problems which have heretofore prevented the widespread acceptance of any cryptocurrency.

In the preceding pages we have introduced Moneda, an asset-backed, redeemable stable token issued by Monetran and created for use on the Stellar network. Moneda has been transfused with tangible value from its inception, with a viable plan to increase its value over time. It is redeemable - something that no currency has been since the days of the gold standard - for a portion of the principal in an asset account which contains income producing U.S. Government financial instruments. Built on the ultra-rapid Stellar network, Moneda is built to enable swift, secure, economical transfers and transactions for any amount, large or small, either domestically or internationally. Because Moneda is backed by Government assets and redeemable, it has a high degree of stability with a likelihood of gradually increasing in value, making it a perfect store of value.

In short, Moneda has been designed to encompass all of the qualities that any currency, digital or otherwise, should possess to be accepted as a universal medium of exchange. We believe that this demonstrates that Moneda, issued by Monetran for use on the Stellar network, is indeed a cryptocurrency worthy of mass adoption and everyday use in internet transactions.

The many advantages of Monetran / Moneda / Stellar

  • Is SEC compliant and available to U.S. investors
  • The Stellar Network will enable transactions in 3-5 seconds
  • Moneda is backed by a portfolio of U.S. Government financial instruments
  • Will provide very economical transaction fees
  • Will enable micropayments – even those less than $1.
  • Provides token stability benefiting customers and merchants
  • Moneda functions as a store of value and increases gradually
  • Will enable P2P international transfers including conversions
  • Will not require mining which wastes valuable resources
  • Will be available in areas underserved in financial systems
  • Federated IDs take the place of complicated cryptographic keys

Stellar Network

Stellar

Stellar is an Open Source, Distributed Ledger Technology

Stellar is a complex, distributed ledger blockchain system which enables financial transactions that resolve in approximately 3-5 seconds. It operates on protocols known as a Federated Byzantine Agreement, which differs from the way Bitcoin, Ethereum, and most other blockchains work. This method of consensus, or verification of transactions, was created by Professor David Mazieres and forms the backbone of the Stellar Consensus Protocol (SCP.) The Stellar network enables Monetran to make swift, economical transfers of funds on a global scale. It also eliminates the need for “mining’” which requires an extremely large use of electricity, thereby increasing cost and causing undue environmental strain.

One of the features exclusive to Stellar are federated IDs. Federated IDs are akin to email addresses and they take the place of the long, cryptographic keys which make systems work. This makes sending money on the Monetran system as easy as sending an email. This will be extremely important in helping the public at large use blockchain systems such as Monetran.

Stellar integrations
“One of the reasons that no cryptocurrency has achieved mass adoption by the public is the complexity of making transactions. Being able to substitute federated IDs for complicated cryptographic keys will go a long way toward making things simpler and easier for customers.”

Market

Market chart

Opportunity

Our first foray into the remittance market will most likely be the USD / Mxn. The most recent statistics show that the total amount of USD sent to Mexico as remittances is nearly $36 billion. A 3% market penetration would translate to roughly $1 billion in business with commissions, based on Monetran's fee schedule, that would yield annual revenues of approximately $10 million for the company. This is our immediate goal.

The U.S. / Mexico remittance market is only one of many markets ripe for conversion to the Monetran model. Others include parts of Central and South America, India, China, and sections of sub-Saharan Africa. The worldwide remittance market is worth $700+ billion and growing.

In addition, Monetran has designed its token to be stable, redeemable, and to serve as a store of value. This makes Moneda a perfect candidate to serve as a universal medium of exchange and, therefore, a candidate for mass adoption. Monetran intends to use its system to enable all types of payments over the internet in a faster and cheaper manner. With this in mind, Monetran expects to eventually forge partnerships with major retailers such as Amazon and Walmart as well as any other business that accepts payment over the internet. At every turn, Monetran plans to earn transaction fees for the company.

“What Amazon did in the retail space we hope to achieve in the financial quarters, and that’s a possibility once Monetran is widely recognized. There’s no reason why we can’t achieve it. Our idea and plan are that revolutionary.”
Don Bielak
Company presentation at the Washington, D.C. Elite Blockchain Summit

Competitive Landscape

In a head-to-head comparison of the Monetran system vs.the leading transfer companies, Monetran comes out ahead in virtually all of the areas of most importance to customers. The biggest reason for this is because Monetran is built and will operate via blockchain, which eliminates the middlemen who add great cost to the average cross-border payment. In addition, the processing time for such transactions is cut down to literally seconds instead of the hours or days which are prevalent in the antiquated systems which are part and parcel of traditional transfer systems. The efficiency of the Stellar blockchain enables Monetran to charge a fraction of what the top competitors do and still earn a solid profit.

Competition table

Business Model

In our current plan, the primary source of income for Monetran will come from transaction fees, charged whenever anyone sends a remittance or makes a payment through the Monetran app. The current fee for such a transaction is 1%. One remittance model estimates that Monetran could earn $10 million in fees, on a yearly basis, with a 3% market penetration. There are many such markets available to Monetran, and we intend to take advantage of as many as possible.

Enabling fast and economical payments in everyday commerce is another goal of Monetran. In the near future we envision customers using our mobile app to make point-of-sale purchases for any amount, even those of less than $1. Such purchases total in the trillions of dollars on a world wide scale and provide another fertile ground for our system.

Another source of income is through arbitrage gained during the redemption and sale of tokens. The value of Monetran stable tokens will always be known, as it is a simple formula of dividing the value of the portfolio by the number of tokens in circulation. We plan to make a market for our own tokens and use the known value of a token as a mid-price. Tokens will therefore be sold at a slight premium to the mid-price and be bought at a slight discount. Depending on the number of tokens bought (redeemed) by the company and / or sold, this should total a significant profit for the company.

Finally, Monetran plans to market its token to those in countries where either high inflation or negative interest rates prevail in their respective local currencies. Because Moneda is a stable token backed by interest bearing U.S. Government securities, those searching for a store of value can buy and hold the tokens until they are ready to transfer that value back into fiat currency. In those instances, Monetran will be able to earn profits from both the sale and the redemption of Moneda tokens.

Business model

Financial Partners

A Trusted Bank in the U.S.

Founded in 1882, Fulton Bank is one of America’s oldest financial institutions and is the bank where Monetran’s main business account has been established.

An Experienced Investment Firm

Monetran has established its asset account with Fidelity Investments, long renowned as one of the world’s most trusted providers of financial services.

“Billions of dollars worth of foreign currency has been pouring into the U.S. in search of safety from negative interest rates now prevalent in Europe,” Don Bielak, Monetran’s CEO said. “In other parts of the world, high inflation is the destroyer of wealth. What we have done at Monetran is to design a cryptocurrency which will combat both of these enemies. This is in addition to Moneda’s ability to serve as a medium of exchange for remittances and internet purchases. This makes our token a valuable instrument on a world-wide scale and a model for mass adoption.”

Environmental Responsibility

Environment

Typical blockchains require a vast amount of energy to verify or “mine” transactions. It is estimated that by the end of 2020, mining the leading cryptocurrency alone will use as much electricity as a medium sized country does today. When all other cryptocurrencies that require mining are factored in, the electrical drain is absolutely mind boggling.

The Monetran system has been built on the Stellar Network, which utilizes a Federated Byzantine Agreement to verify transactions, thereby eliminating the need for mining. No matter how popular Moneda gets, it will not waste a single watt of one of the world’s most precious resources.

“We have always rejected mining as a method of consensus,” said Don Bielak, Monetran’s CEO. “We opted for the latest technology which is clean and environmentally conscious. We aren’t like the others and I promise we will not waste a single watt of electricity to achieve a business goal.”

Progress

  • First round of funding closed; maximum target hit
  • Monetran token created on Stellar Network (Moneda)
  • Every Moneda token in circulation backed by U.S. Government securities
  • Highly qualified team assembled
  • Company website built and operational
  • MVP built on company app
  • Fully functional app imminent

Press

Media
Recipients
“One of our goals has been to improve the lives of the poor by cutting high remittance fees,” said the CEO of Monetran. “Blockchain and cryptocurrency have combined to enable us to do just that. Stellar’s low fees make it possible for us to transfer a remittance for a fee of 2%, with the savings going directly to those impoverished recipients.”

Team

“The Monetran team consists of a group of respected and accomplished professionals. Each and every member brings a wealth of both education and experience in their respective areas of expertise. As the CEO, I am both fortunate and grateful to have access to the abilities of each member of the team. Along with our valued investors, the contributions the Monetran team has made have brought the project to brink of success.”
Don Bielak
CEO, Monetran, LLC
Don Bielak
Founder and CEO

Don has served as the full time Monetran Manager, CEO, and Founder for the past twenty four months after years of experience as the Publicity and Media Relations Director for a major sports venue in New Jersey from 1993-2017. He secured national media coverage in Sports Illustrated, ESPN, CBS, ABC, and NBC, among others, for his company. Don is an alumnus of Thomas Edison University where he majored in communications.

“Almost immediately after Facebook came out with the details of their new cryptocurrency, we started to detect increased interest in Monetran and Moneda,” Don Bielak, CEO of Monetran said. “I tend to believe that investors have recognized the similarities between Moneda and Libra, and realize that the Monetran project is as well thought out and well constructed as that of a huge company like Facebook. In just a few weeks since Facebook’s announcement, investment in Monetran has increased by approximately 25%,” Bielak said. “The company has experienced a similar increase in the percentage of investors, also.”
Dave Olszewski
Chief Technical Officer

Dave graduated from Hamburg University with a Masters degree in computer science. He has launched two successful startups and also has decades of experience in product development. Dave has been granted seven patents for computer systems and applications. Among his specialties are DevOps and mobile integration.

Ron Robinson
Chief Information Officer

Ron earned a degree in Communications & Marketing from the University of Tulsa. He has been involved in 100+ political campaigns across the country in a communications capacity. Ron is a nationally renowned expert in video and digital operations. He has also demonstrated advanced knowledge in communications security.

Daina Behe
Social Media Manager

Daina owns a degree in Integrated Marketing Communications from West Virginia University. She is an expert in social media copywriting and management. Daina is proficient in graphic design and has experience in database maintenance. She is also experienced in marketing and developing brand identity.

Don Bielak, Jr.
Senior Advisor to the CEO

Donnie graduated from Drexel University with a Masters degree in Electrical Engineering and a Masters degree in Engineering Management. He currently serves as manager of Reliability Engineering at PJM Interconnection – North America’s largest Independent System Operator and RTO that coordinates the movement of wholesale electricity in all or parts of 13 states and the District of Columbia.

Patricia Walterick
IT Advisor

Tricia is a graduate of Wm. and Mary College with degrees in both Psychology and Kinesiology. She also holds a Masters in Education from Goddard College, where she focused on technology in Education and E-Learning design. Tricia is a professional web developer and digital marketer for numerous clients, designing, developing, and managing websites; she also manages SEO and marketing campaigns.

Nadia Chilmonik
Systems Analysis Advisor

Nadia obtained a degree from George Washington University in Systems Engineering. She is an expert in designing and coding algorithms. Nadia is a member of NASA Datanauts where she collaborates with NASA data scientists. She also has experience in blockchain and programming.

Moneda

Use of Proceeds


If the offering's maximum amount of $250,000 is raised:

UseValue% of Proceeds
Compensation for Team Members$32,00012.8%
Completion / Upgrade of App$20,0008.0%
Marketing & Advertising$39,75015.9%
Backing of Moneda tokens$80,00032.0%
Maintenance of System$25,00010.0%
Trade Shows & Conventions $6,0002.4%
Legal & Professional Services$10,0004.0%
Expansion of Team$15,0006.0%
Redesign / Replace Website$10,0004.0%
Intermediary fees$12,2504.9%

Terms

Right to Receive Moneda Tokens:

The Offering includes the right to receive, one (1) Moneda token for every unit purchased.

For example, an investment of $500 would entitle the investor to 400 Moneda tokens.

* All perks will be delivered after the campaign is completed.

This is an offering of Class A, under registration exemption 4(a)(6), in Monetran, LLC. This offering must raise at least $10,000 by February 19, 2021 at 11:59am ET. If this offering doesn’t reach its target, then your money will be refunded. Monetran may issue additional securities to raise up to $250,000, the offering’s maximum.

If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:

1,567,965 units
×
$1.25 per unit
$1,959,956implied valuation

COVID Relief:

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).

Offering maximum:

In reliance on this relief, financial information certified by the principal executive officer of the issuer has been provided instead of financial statements reviewed by a public accountant that is independent of the issuer, in setting the offering maximum of $250,000.

Pitch Deck

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Financials

SEC Filings

The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.

We’re also required to share links to each of the SEC filings related to this offering with investors.

Understand the Risks

Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.

Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.

The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

More Info

Updates

  • Apr 7, 2022
    WILMINGTON, DE, USA, April 7, 2022...

    WILMINGTON, DE, USA, April 7, 2022 /EINPresswire.com/ – The management of Monetran – a blockchain fintech company based in Delaware – has announced that it has raised the redemption price for their Moneda tokens to $0.258. The new price represents a 3.2% increase over their launch price of $0.250 in 2021.

    The price increase is a feature of the Moneda token. It has been designed to gradually gain in value as a result of the appreciation of the investment account which backs the token 100%. This gives the Moneda token an advantage over other stable coins which are backed by fiat currency and, therefore, are subject to a loss due to inflation.

    Don Bielak, Monetran founder and CEO, offered his assessment of the price increase. “The 3.2% increase has taken place in two installments in the past six or seven months,” Bielak said. “Although not a fortune by any means, it is important to note that the slow, steady, appreciation of the Moneda token is in keeping with our plan. When one considers that the rate of loss that fiat-backed coins and tokens have suffered over the same time period, the amount of appreciation is that more impressive.”

    Unlike most stable tokens which are backed by fiat currency, Monetran backs its Moneda tokens with financial instruments such as U.S. Treasuries and inflation resistant bonds. This provides Moneda tokens the ability to actually increase in value rather than decrease due to fiat inflation.

    Monetran has been built on the ultra-fast Stellar blockchain. Stellar utilizes a Federated Byzantine Agreement model to verify transactions. There is no mining of tokens involved and, therefore, there is no waste of electrical resources as occurs with Proof-of-Work models employed by coins such as Bitcoin and Ethereum.

    Monetran is involved in the area of value transfer using blockchain. The company’s system enables customers to make payments faster and more economical compared to traditional payment processing methods.

  • Aug 13, 2021
    WILMINGTON, DE, USA, August 13, 2021 — The...

    WILMINGTON, DE, USA, August 13, 2021 — The Management of Monetran LLC has announced an increase in the redemption price of their token known as Moneda. The new price took effect on Wednesday, August 11.

    Moneda tokens have been redeemable for $0.25 since the launch of the cryptocurrency earlier this year. The new redemption price has been set at $0.254. The addition is due to investments in various bonds which have been purchased with the funds which back the currency.

    “The increase is a modest one – about 1.6%,” Monetran CEO Don Bielak, said. “Be that as it may, it is in keeping with our plan of a slow, steady increase in token price. When viewed against other stable tokens such as USDT or USDC, the increase is more impactful because any crypto which is backed by fiat currency is subject to a loss due to inflation. There is no mechanism they can employ to negate any portion of such losses.” Bielak added, “In essence, the longer one holds a fiat crypto, the more that will be lost to inflation. The longer someone holds a Moneda token, the greater the gains are designed to be.”

    Monetran is a fintech startup which intends to use its Moneda tokens to facilitate payments of all kinds, including domestic and cross-border. More information can be found at the company website at www.monetran.com.

  • Mar 10, 2021
  • Feb 19, 2021
    We've hit our maximum funding goal! Early this...

    We’ve hit our maximum funding goal! Early this morning, we reached the $250,000 maximum allowable investments for the category of SEC Regulation Crowdfunding that Monetran undertook. This means that Monetran will be able to continue to build the infrastructure necessary to achieve our ultimate goal of competing in the cross-border remittances and payments markets. It means we will be able to reach the people with marketing and advertising efforts who will become our customers of the future. It means that we will be able to improve and maintain our website (we already have a new logo.) It will give us a measure of “clout” when negotiating with strategic allies. In short, it opens up a plethora of possibilities which cannot exist with an under-capitalized company.

    I’d like to address those who kept Monetran on a watch list but failed to make an investment before the maximum target was hit. Don’t despair. If you are still interested in purchasing units in Monetran, you may still get that opportunity. Simply go to the top of this page and click the “buy” button. You will be given a chance to register for a waiting list to obtain units should they become available in the future.

    We realize that the amount of investments poured in during the past week and the maximum available units were quickly sold out. Perhaps this will provide a “second chance.”

    Again, thanks to all of you who invested in Monetran. The team and I truly believe that the company has the potential to become a significant force in the use of blockchain to effectuate both domestic and cross-border payments. We pledge to continue the hard work necessary to bring that vision to fruition.

    Don Bielak CEO - Monetran

    Moneda token white M.png
  • Feb 19, 2021
    Primary offering finalized, selling 197,572 units
    Sold 197,572 units at $1.25 for a total of $246,965
  • Feb 15, 2021
    Our MVP is up and running! - Monetran offering...

    Our MVP is up and running! - Monetran offering ends in only 4 days / After two years of hard work, the Monetran MVP is now operational. We have begun to make transactions and generate a modest amount of revenue. However, we have big plans for the future and the best is yet to come. The MVP enables customers to buy, redeem, transfer, or hold Moneda tokens. It is the first phase of a plan that we expect will take us to a prominent position in the domestic and cross-border payments industries. Anyone who invests in this offering will receive their tokens immediately when it ends. INVEST NOW!

  • Jan 14, 2021
  • Dec 29, 2020
  • Dec 28, 2020
  • Oct 23, 2020
    Wilmington, DE - - Monetran LLC, an internet...

    Wilmington, DE - - Monetran LLC, an internet fintech startup based in Delaware, has announced its procedure for delivering company tokens to investors.

    The tokens, known as Moneda, have been promised free to investors as a perquisite of owning membership units in the company. Every membership unit, which is analogous to a share in the company, has been granted one token per unit, with some investors gaining additional tokens based on the volume invested and/or early investment. The Moneda will be dispersed to investors in the order in which the investments were made.

    “We believe that delivering the tokens to investors in timely order is the fairest way to distribute the Moneda,” Monetran’s CEO Don Bielak said. “Those investors who have been waiting the longest should be the first recipients of the tokens. I suppose that’s the ‘first come – first served’ policy that most companies employ, and it does seem to be fair to all concerned.”

    To receive tokens, investors will be required to open an account with Monetran. Once Monetran establishes the identity of the investor, the amount of tokens promised will be transferred to that investor’s account.

    Once the investor has the Moneda tokens in possession, they may be sent or redeemed though an account with Monetran. The investor may also save their tokens indefinitely.

    Because Monetran is built on the Stellar network, users will be able to transfer Moneda tokens to other Monetran account holders using a “federated ID.” A federated ID takes the place of a long string of cryptographic numbers, symbols, and letters – known as a public key – which is used to identify an account. A federated ID looks like this: johndoe@gmail.com*wallet.monetran.com. Federated IDs are far easier to remember and makes mistakes in transferring tokens much less likely to occur.

    “Federated IDs eliminate a lot of the complication which exists in using a long string of cryptography to identify accounts,” Bielak said. “We believe that anything that can make the process simpler is of great benefit to the user and will go a long way toward helping adoption of cryptocurrency in general.”

    The company hopes to have everything ready to begin distributing tokens by November 15.

    Monetran is currently engaged in an SEC Regulation Crowdfunding on the portal Netcapital. Equity units, which include a free Moneda token, are available for $1.25 per unit.

    The company website can be accessed at www.monetran.com

  • Sep 18, 2020
    Wilmington, DE - - A recent announcement by a...

    Wilmington, DE - - A recent announcement by a regulatory U.S. Government agency, which outlines a simpler, more streamlined approach to licensing for money transmitters, could have a major effect on fledgling fintech startups which deal with cryptocurrencies, such as Monetran.

    The Conference of State Bank Supervisors (CSBS) will on Tuesday, September 21, unveil the new regulatory regime for money service businesses, which will undergo a single exam by a joint group of state regulators that oversee licensing, instead of dozens of individual state exams.

    State regulators have received numerous company complaints that the state-by-state supervisory system is redundant, counterproductive, and unnecessarily costly. Cryptocurrency and fintech firms, which are normally required to be licensed in each individual state have been at the forefront of such complaints.

    “Having to comply with varying regulations in fifty states would have been too costly and burdensome for a startup such as ours,” Monetran’s CEO, Don Bielak said. “We had originally resigned ourselves to launching operations in only three states to begin with. With this new compliance system, we should be able to expand our reach much farther and likely make our system available to a much greater number of prospective customers.”

    Monetran is a fintech startup which will combine blockchain and cryptocurrency to make cross border remittances and payments at approximately 70% less than major competitors. In addition, the company will utilize the ultra-rapid Stellar blockchain to make the transfers in 3-5 seconds instead of the hours or days that their competitors require.

    Monetran is currently engaged in an SEC Regulation CF through the portal Netcapital. The company is offering a free token as a perk with each unit of equity purchased. The Monetran campaign is scheduled to run through October 6. Monetran’s offering page can be accessed here: www.netcapital.com/companies/monetran#overview and the company website can be found here: www.monetran.com.

  • Aug 11, 2020
    Wilmington, DE - - The management of Monetran,...

    Wilmington, DE - - The management of Monetran, LLC has announced that the company will sponsor an information booth from which it will offer information to prospective investors at the prestigious Washington Elite Blockchain Summit on October 23, 2020.

    Read More
  • Jun 5, 2020
    Primary offering of 200,000 units at $1.25

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