Koinonos has created a mobile and web application to make payments at the same speed, cheaper, more portable than Visa and Mastercard. Merchants and users do not take any risk.Change of value of sale.
Current Status
We already have the license from the Bank of Spain number D728 and we are in the final stage, our product is finished and ready, we still need to pass security audits with Certik, at the same time we will request an electronic money license so as not to depend on any bank , this will facilitate the possibility for Users to receive their payments instantly and not have to wait until the end of the day. In addition, the low cost allows weakened economies to access a financial system.
Problem or Opportunity
We improve the speed, cost and mobility of payments since everyone has a mobile phone but not a dataphone.
Free Global Payments
Solution (product or service)
Mobility: Payments for web and mobile payments.
Speed: 1 second for 10000 transactions.
Price: 1%
Free Global Payments
Business model
Our business model is very simple, we charge 0.2% for each transaction, if they pay with our payment token then it is completely free, when converting it to Euro or dollar it has a cost of 0.2% from 5 to 10 times cheaper than our competition
We charge for maintaining a bank account and for issuing debit cards. We already have a license from the bank of Spain number D728
