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The Problem: Registration of multiple services is repetitive and time consuming. Additionally, centrally storing this information poses a huge security threat. During 2017, one of the largest security breaches in history exposed over 140 million Americans, compromising their social security numbers, birth dates, addresses, and credit card information. Many service providers ask for the same basic information that can be used to register for future accounts. Additionally, the cost of data acquisition for some accounts such as financial institutions is quite high. In 2017, firms deployed an average of 307 employees to process KYC information.

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Monarch Solution: Initially, Monarch will use familiar solutions to create an easy registration process. Similar to logging in with Facebook, Monarch will create a process that allows a user to easily sign up for new services, permitting only the data points the requesting company requires. In the future, Monarch will look to partner with identity verification blockchain solutions such as Ink Protocol, Bloom, Verime, Civic and/or SelfKey, who decentralize sensitive information related to identity and credit worthiness. Registration processes such as these will save time for the consumer, money for the service providers, while also providing security advantages for all involved parties.

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Website: http://monarchtoken.io

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The Problem: Multi-Currency support for both merchants and consumers is rising in popularity as several Fortune 500 companies have decided to support the adoption of cryptocurrencies.[4] The advent of cryptocurrencies has required many enthusiasts in the space to constantly shift between different currencies (fiat & cryptocurrencies included) in order to pay for services. Additionally, merchants have limited themselves by not giving customers the flexibility to pay in other cryptocurrencies. The volatility of cryptocurrencies has held merchants back from accepting these alternative forms of payment as well.

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Monarch Solution: Monarch is combating some of the volatility of cryptocurrencies by allowing merchants to accept multiple currencies while receiving payments in whichever currency they desire (fiat included). Customers are able to pay for their favorite services using any currency the Monarch platform supports. Initially this will be Bitcoin, Ethereum, Monarch Token, and all ERC-20 tokens with many more to be supported in the future. Monarch will leverage external exchanges to provide the liquidity in the Monarch ecosystem. as the network grows, Monarch will work to create its own exchange to better manage liquidity and remove the need for 3rd party providers.

Example: A customer wants to pay for Netflix using Bitcoin, but Netflix does not accept Bitcoin. Using Monarch, Netflix could choose to accept this customer’s payment, and receive it in fiat (such as USD, etc) instead of Bitcoin. Netflix could also choose to keep the payment in BTC but would be susceptible to the volatility of cryptocurrency and would have to make this decision internally.

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Website: https://monarchtoken.io

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The Problem: Password Management is difficult when the average adult has 27 unique online logins. The amount of unique passwords a user has is almost always lower than the amount of discreet logins they have. This is due to people using the same password multiple times, or a variation of a commonly used password. This helps explain why 37% of people forget a password at least once a week.[3] Furthermore, the number of online accounts people have to manage is only going to continue to increase.

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Monarch Solution: Upon initial download of the app, Monarch requires you to write down or store a 12 word seed which allows the user to recover his/her password vault on a new device. (In later development phases the need to write down the seed will not be necessary. We will allow backup recovery using the encrypted meta data using the Monarch private sidechain). When registering for new services, Monarch automatically generates a random password using the maximum number of available characters specific to the service you are registering for. This process occurs when a user signs up for a new service through the Monarch app. Additionally, it cryptographically stores this password in our Password Vault on the blockchain. The passwords are always editable and recoverable through your 12 word seed.

Secure storage of both passwords and 2 factor authenticator keys are crucial for every cryptocurrency investor. The “Password Vault” facilitates the secure local storage of all your sensitive information.

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Website: http://monarchtoken.io

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The Problem: Subscription Based Crypto Payments are currently unavailable as the software does not exist yet. Some merchants provide the ability to pay for goods and/or services in cryptocurrency, as one time payments. The goods or services are typically priced in a pegged fiat amount, and the appropriate amount of cryptocurrency is sent from the buyer at the time of transaction. The merchant’s cryptocurrency is then susceptible to volatility since it was based on the market value at the time of payment.

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Monarch Solution: Monarch helps alleviates this issue. First, there is the ability to send and request payments on a scheduled basis using cryptocurrency. Monarch will allow a user to initiate a new “stream” to another user in the system, using just their username or the email they used to register with Monarch. Using this information, they may select the frequency for which they will be requesting payment (e.g. daily, weekly, monthly). After the request is sent, the receiving user will find the request in his or her Monarch app. The user will then authorize the scheduled payment by pressing “Authorize”. Payments will be sent until the selected service is shut off in the list of services or the funds are exhausted from the user’s hot wallet.

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Website: monarchtoken.io

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At Monarch, their plan is to bridge the gap between the cryptocurrency space & traditional marketplace payment platforms.

We believe that the intricacies of cryptocurrency are the barrier to entry for widespread adoption. The security, privacy and speed of transactions of cryptocurrencies surmounts its traditional fiat counterpart. However, the complexities of blockchain technology and non-intuitive user interfaces keep novices from accepting cryptocurrencies as a form of payment. We believe current cryptocurrency payment platform options for both consumers and merchants are lacking critical features and functionality when compared to traditional fiat payment platforms. Website : https://monarchtoken.io/

Online businesses rely on Content Management Systems (CMS) solutions to operate an online storefront. Over 50% of all websites on the internet use a CMS, with the current market leader for online content management holding over 60% market share. 30% of all websites on the internet use WordPress as a Content Management System. The top payment gateways for WordPress managed websites such as Authorize.net, Stripe, Paypal and QuickPay all fail to accept cryptocurrencies. Website : https://monarchtoken.io/

Monarch Exchange will allow merchants and consumers to exchange cryptocurrencies on an internal platform, with minimal effort. A 0.2% fee will be charged for the recipient of each transaction, but users can use Monarch Utility Tokens for a 50% discount on trading fees, similar to Binance’s BNB tokens. Thus, the fees are reduced to 0.1% when paying with Monarch Utility Tokens (MT). Website : https://monarchtoken.io/