MJC (module joint coin) - CRYPTOCURRENCY PAYMENT SOLUTION From Ecommerce to ATM
The
MJC project began with a discussion on building a
better payment platform for cryptocurrency, corresponding to our buyers’ desire to use cryptocurrency for payments. Many members who have developed the
shopping carts and
mall management systems are participating in the project, and those who know inside and out of the existing shopping carts will formulate the specifications of the
payment module of cryptocurrency. Therefore, EC shop managers can implement cryptocurrency payment
without a trouble of making complicated refinements.
The
MJC payment platform is a groundbreaking payment platform in which
buyers (hereinafter referred to as
“Vendors”), who are sellers, can easily introduce
cryptocurrency payment to existing shopping malls and EC shops. The
EC Mall as well as Vendors no longer need to implement new shopping carts for cryptocurrency payment nor develop own cryptocurrency shopping carts because our project members will develop modules that can
add cryptocurrency payment to the shopping carts which they have been involved in its development.
The EC Mall offers Vendors
new means of payment by deciding to implement the payment module to an existing cart
without making additional investment. This can lead to
higher satisfaction of their customers who desire
to pay by cryptocurrency. In addition, the blockchain can be
incorporated into existing sales systems through
MJC Coin. A Vendor who opens a store in the EC Mall can
adopt cryptocurrency transactions into own EC shop by simply opening an account with a cryptocurrency exchange
just like a bank account.
Consumers will also be able to
enjoy online shopping with confidence at the EC shops they are familiar with, thanks to not only the
increased number of payment methods but also to-be-introduced
escrow services. The
“MJC payment platform” uses the
blockchain technology to convert the cryptocurrency payment, which is made through the shopping cart incorporating the MJC payment module, to the currency of a Vendor’s choice and transfer the fund to the Vendor’s account. This will
minimize the risk of price fluctuation.
About
Add-on various billing solutions to enable
acceptance of cryptocurrencies directly such as Ecommerce, IoT service, replacing other billing processors
Services
A
blockchain payment module that makes crypto billing accessible to every business
Mission
To operate crypto payment service, protecting customer's asset, accessibility by MJC will help to further strengthen the global economy, accelerate job creation, ensure
more stable financial marketsThe project will progress in
three major phases:
Firstly,
PH1 (Phase 1) consists of the development of payment module to be incorporated into shopping carts of existing shopping malls or own EC shops built by individual Vendors, and the development of middleware and a platform to mediate cryptocurrency exchanges that exchange cryptocurrency into legal tender, as well as the development of a control system to manage products of multiple EC shops and shopping malls. As a result of the payment module developed in PH1, EC shop managers who implement the shopping carts with the MJC payment module will be able to carry out cryptocurrency payment by opening an account with a cryptocurrency exchange. Consumers can use their own cryptocurrencies for shopping without performing any special procedures. By the corresponding cryptocurrency exchanges’ use of the middleware which connects with multiple exchanges, users can have hassle-free control.
In
PH2 (Phase 2), EC shops will be able to open at the MJC Mall through the control system provided to the EC shops that have the cryptocurrency payment module installed. The Vendors can increase their sales channels without having to perform special tasks to utilize the control system. In addition, since the MJC Mall only accepts cryptocurrency payments, other payments such as credit card payments will be directed to the existing malls, which can generate affiliate revenues.
In
PH3 (Phase 3), factoring services will be launched for shop owners at the MJC Mall so that an allowance for working capital can be provided according to their sales performance, products, etc. Further, we will carry out financial services such as lending of the initial funds after obtaining a banking license.
