Unveiling the crypto utilities arena - Manilla Finance! | The Guardian Nigeria News - Nigeria and World News — Features - Guardian Nigeria

Unveiling the crypto utilities arena - Manilla Finance! | The Guardian Nigeria News - Nigeria and World News — Features - Guardian Nigeria

Trading, business transactions, payment gateways and so on, have a shared pattern of development which is simply called evolution. Technology is at the heart of earth’s survival, perfecting man’s mangy into an enviable one. With the two aforementioned; business transactions and technology, the goal will always be to eradicate the development hindrances. Understandably, there will always be a set of people that is still comfortable with the ancient way of running business transactions, however, the open-minded understand the benefits that comes with innovation and its potential when it comes to disrupting the financial world.

Blockchain technology and cryptocurrencies need no introduction as it made a supersonic entry with immediate impacts. It goes without saying that Blockchain technology is ridiculously phenomenal. And while cryptocurrency leads the utilities line on the blockchain, the technology itself is way more than that. Digitalizing assets ownership with unique signatures which are then stored on the distributed ledger (NFT), augmenting the mixed (AR) with virtual reality (VR) in the computer-generated realm (metaverse), allowing consumers to buy and sell excess energy in a trustless manner, innovating blockchain-based solutions specifically for capital market improvement, streamlining trade finance deals across different borders, paving way for arguably the greatest insurance innovation with smart contracts and so on. It is overwhelming to understand that the blockchain industry has become one of the major catalysts for groundbreaking innovations.


Manilla Finance took this technology and without slowing down, became a powerhouse for massive utilities beyond the aforementioned. This ecosystem adopted different technological solutions and models to integrate crypto into day-to-day activities of its holders. A lot of bottlenecks have been eliminated. Now, crypto users are closer to their assets than ever. Before that, a look into the Manilla Finance ecosystem.

The Revolutionary Manilla Application


On P2P exchanges, users buy and sell cryptocurrencies directly with one another with minimal to zero involvement of a third party. The peer-to-peer protocols enable the system to work effortlessly. Replacing the centralized server as used on centralized exchanges are several computing nodes that run the same software program known as smart contracts. Manilla P2P has upped the standard. Cryptocurrency exchange is now more than just trading.Going forward, users will be able to trade over 1000 tokens comprising a mix of layer 1, 2 and DeFi tokens.


Complex Bottleneck Crushed


Complexity problems usually experienced on exchanges have been solved. The tech and the industry is complex enough. It is, to the extent of making the newcomers feel profuse, leading to many losing interests before they even started. If the opportunities that cryptocurrency investments present are to reach more users, the complexity issues first need to be solved. Manilla Finance is the first platform that makes P2P trading completely easy for the not so expert and the experienced. The interface is intuitive and highly responsive on all devices. Pages load fast and everything is attention-to-details.

Multi-Level Security


Both security and data privacy are two core pillars that Manilla Finance foundation is built on. With growing utilization of cryptocurrency exchanges come cybercrimes which consist of hacking attacks from external sources and fraudulent activities attempts initiated by the users. Peer to peer trading can expose users to trading risks. Not only the users but over the years, many exchanges have taken the hit, too. Exploring and analyzing the causes of hacks on cryptocurrency exchanges, it is mostly down to loopholes left on their software cores. It is not like the exchanges were not paying attention. Technology just has its way of requiring updates, improvements and upgrades. This is why Manilla Finance is equipped with industry leading protocols some of which are premium SSL certificates, Domain Name System Security Extension (DNSSEC), HTTP Parameter Pollution Protection, Denial of service (DoS) protection, Distributed Denial of Service (DDoS) protection, and Two Factor Authentication (2FA). In addition to the aforementioned, we run scheduled security audits to keep the exchange secure at all times. The audit profiles deployed are the SOC1 audit, SOC2 audit, SOC3 audit and SOC for cybersecurity audit. Be rest assured, we have it completely figured out, and of course, under control. 


Robust KYC and AML Verification


In our efforts to harmonize identity verification and stabilize anti-fraud processes, we have deployed on this exchange, a global standard and robust KYC and AML verification protocols. This is a full-fledged portal that has adopted more advanced security protocols to keep both platform and the users safe. The protocols prevent fraudulent activities through futuristic transformation.

Introducing Manilla Service Suite – Scalability Beyond Business


Utilities are what represent values. Really, a painting might be acquired for a million dollar for some God-knows-what hidden meaning it carries or the artist’s reputation; but with no utility to others, the craziness stays with the owner and only those that share from what the majority sees as nothing beyond fantasy. There exist very complex charts. Also in existence are sophisticated systems. But what drives cryptocurrency and blockchain adoption is the severe utilities that investors; in-line with the developers bring to play.


Manilla Finance represents one thing – a limitless devotion and capability to provide incredible use cases for digital assets keepers and investors. This is why it is regarded as an all-in-one service suite for cryptocurrency users. The service suite enables users to seamlessly top up both data and airtime balances effortlessly. Hence, you can effortlessly spend your crypto asset in this regard without going through the phase of crypto-fiat conversions. Users in Nigeria, Ghana and Uganda can pay electricity bills from their crypto balances as we have integrated a payment gateway with PHCN of Nigeria, KenGen PLC of Kenya and UEGCL of Uganda. We are working tirelessly to integrate this service for other countries as well as others such as water and cable TV utilities payments for all countries and these shall be available in the subsequent versions of our applications.


You can as well shop for tens of gift cards from popular retailers across the globe and pay from your crypto balance on Manilla app. Popular gift cards such as iTunes, Amazon, eBay, xBox and local ones are available for purchase over a click.


In the course of making Manilla a complete exchange that allows users to do all sorts of operations there can be with their digital assets, the swap protocol was integrated. This ensures seamless exchange of one cryptocurrency for another of demands. Our Swap widget makes coin exchange easy and direct without the trader having to let go of some extra fee. There is more…By staking some or all of your assets, you are keeping yourself from premature dumping of your assets. Our staking protocol brings a high return of up to 15% APR, making it one of the best you can get in the industry.


One important feature of our staking protocol is that holders who stake the Manilla Finance native token for 365 Days are eligible to be onboarded into the DAO for open governance and they enjoy a profit share of 40% generated by the platform in any fiscal year. Finally, our loan service protects users from selling at loss by providing accessibility to stablecoin and while keeping their highly volatile tokens, all at a very low fee.

About Manilla Finance


Established in 2021, Manilla Finance is a product of Manilla Technologies Ltd, a Web3 software driven company, developed to solve the major challenges Blockchain adopters and users face in order to access cryptocurrencies seamlessly. The company houses a massive cohort of Web3 developers drawn from West Africa, South Asia & North America.


Manilla’s star product is the Manilla Finance application that houses the P2P portal – an exchange method that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions. This means crypto fiat traders exchange their assets with another crypto holder or fiat holder. Traders have the flexibility to use other barter instruments for the exchange other than fiat. The platform aims to solve the challenges faced in accessing crypto from exchanges as most exchanges may not allow for direct funding with fiat. Whereas the Service Suite was developed to give a progressive use-case and utility to crypto assets.


For more info about this highly innovative and scalable project, visit Manilla Finance Official Website and join our growing community of potential users and investors on Twitter and Telegram