As you may (or should) know, Globee is a payment processor that accepts Monero among other cryptocurrencies. Our focus has largely been on Monero, for obvious reasons. Recently we were approached with an opportunity, by one of our business partners, to integrate with a series of very high profile merchants. Because of the scope and requirements, we are doing an FFS to raise half of the money required, whilst Globee will be putting in the other half.Why is this good for Monero?
The merchants that will be accepting Monero will also talk about accepting Monero, which will have a material impact on Monero. This is a major coup, as these are merchants who currently do not accept any type of cryptocurrency. Their target demographic is extremely broad, but largely consists of younger people who are smartphone-entrenched, but aren't necessarily technical.
The integration will be Monero only, through a custom Globee interstitial that doesn't allow you to switch to other currencies.
This will also change the talking points about Monero somewhat; instead of journalists being interested in why Monero's price has gone up, or which darknet market is accepting it, they will have something else to talk about.Accepting Monero is pointless, why bother?
One of the things that we'll be doing with these merchants is having unique and exclusive items that you can only purchase with Monero, thus strongly encouraging people who are not at all familiar with cryptocurrencies to figure out how to buy and use Monero. This will expose millions and millions of people, all over the world, to the process of getting into cryptocurrencies, and particularly to the process of using Monero.
Of course, this isn't a fantastic user experience right now, which is why we'll work closely with MyMonero and other thin wallet apps to make sure they are in the App Stores and ready for when this goes live. Additionally, we'll work with the community to ...