Connecting mobile users to the blockchain
Despite heightened interest on blockchain, mass-market consumers from emerging countries are still disconnected from the technology. In fact, only 0.19% of the Asia Pacific population has a blockchain wallet.
You’re probably seen it yourself, joined the discussion, or wondered as much as Ethereum co-founder Vitalik did in his tweet…
We totally agree. That’s why our team is working on a solution that will tackle this exact market, specifically catering to the emerging Asian countries.
In emerging Asian markets, the two most pervasive store-of-value items are cash and airtime credits. It makes most sense for these customers to choose one of the two as an entry point, but it can be very inconvenient to turn cash to crypto over the counter, as Vitalik mentioned, because of the difficulty distributing, regulating, and selling physical cards.
That’s why we devised another option, one that would be the faster and easier way in — via telco airtime credits.
XONIO will be the catalyst for mass adoption of mobile users to the blockchain through telco prepaid airtime.
It will capitalize on the pervasiveness of telco prepaid connectivity in emerging markets (up to 99% penetration rate), providing a simpler and more convenient way to create a digital wallet.
XONIO offers a “better way”
The consumer journey in buying crypto via existing means is a lengthy and tedious experience: users need to physically cash-in and line up in a bank or store to complete loading fiat money into their account, and wait up to 24 hours for the cash-in and cash-out request every time they top-up to their account.
With XONIO, all the user needs to do is download the mobile application and register their mobile number. After this, they can already start converting their available telco prepaid airtime to XON, a digital currency backed by airtime to power high-velocity microtransactions, that serves as a stable store of value to start trading with other cryptocurrencies.
They could use XON to buy a plethora of products in the XON Store. Learn more about XON here, or watch this panel discussion where XONIO Founder and CEO discusses how XONIO aims to address the gap between emerging market consumers and the benefits of blockchain technology.
XON can also be used to convert to XONIO Tokens, fully investible, limited ERC20 tokens, aimed at offering users and partners better rates when a stake is held. XONIO allows you to trade in partner cryptocurrency exchanges and ultimately participate in the token economy.
Easy conversion from telco prepaid airtime
XON Convert allows XONIO Mobile users to easily convert telco prepaid airtime to XON, and to also convert XON to XONIO Tokens, an ERC20 token built on the public Ethereum blockchain.
No need to fill up forms, physically go to a bank or store, wait in line, and even wait for cash-in establishments to process a top-up request. When XONIO Mobile users convert telco prepaid airtime, their account balance gets updated instantly.
Step 1 Download and register your mobile number to XONIO Mobile
Step 2 Convert your telco prepaid airtime to XON
Step 3 Convert your XON to XONIO Tokens.
XONIO Mobile is the mobile interface of the eXtensible Open Network, the technology behind XONIO that allows the conversion of telco prepaid airtime to tokens. Learn more about XONIO Mobile here.
For more info, visit www.xon.io. Join the community on Telegram.
