Merit, World’s First Invite-Only Cryptocurrency Announces $1M Funding and aims to be the “Most Adopted Digital Currency”
The new cryptocurrency called “Merit” was officially launched today. Merit is being developed by Adil Wali and his nine colleagues working from Seattle.
Merit says they want to be a cryptocurrency for everyone – not just for the rich. The goal is to create a safe and easy-to-use community. The company declares that it wants tobecome the most widely adopted digital currency in the world.
The company has some advantages over their utility for consumers. First, it removes all obstacles in blockchain investments and payments by allowing the new Merit Cryptocurrency to run smoothly and easily. On the user side, it is easy to send cryptocurrency via SMS, WhatsApp or e-mail.
Merit states by rethinking how blockchain works, they can create a cryptocurrency and an easy-to-use wallet such as Venmo, PayPal or Apple Cash. Crypto for the masses.
The merit structure is very simple. It’s a self-financed company and Wali has invested $ 1 million in Merit.
Merit still needs to get listed on the cryptocurrency exchange. Wali stated, “Merit will work its way up that list, approaching the smaller exchanges first and, as the adoption of Merit grows, presenting a stronger case to go after bigger exchanges.”
Today, only one in every 2,000 people has an active digital currency portfolio for any currency. Many have heard of cryptocurrency, but have not adopted it due to security and usability concerns.
Between easy-to-spoof contracts and wallets with private keys that, if lost, render currency inaccessible, cryptocurrencies are both insecure and hard to use.
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