This article translated what I wrote in japanese into English. Although it may be unclear by the expression of English, if you read this article you can grasp the image of ADK(Aidos Kuneen)
neokichi
This time I will explain about the cryptocurrency ADK mobile wallet.
myako
Thank you
neokichi
If you want to know the overall picture of the ADK project, check out the article below!
What is the cryptocurrency ADK (Aidos Kuneen)? Complete explanation thoroughly!This article translated what I wrote in japanese into English. Altho...
Contents
- What is a mobile wallet?
- Usage and advantages
- Finally
What is a mobile wallet?
neokichi
On April 28, 2020, ADK founder Ricardo Badoer said he was working on a mobile wallet.
neokichi
Right now ADK only prepares the wallet for desktop.
myako
What is a wallet in the first place?
neokichi
Wallet means wallet. You can think of it as a place to store cryptocurrency. Please refer to the article below for details.
【ADK wallet】How to download and use Aidos Kuneen walletExplains how to download and use the cryptocurrency ADK (Aidos Kuneen) wallet. SEED must be stored carefully. If lost, the ADK cannot be taken out....
myako
I got you. It might be inconvenient if it only has a desktop. Even if you look at the above article, it seems that it is difficult to operate the wallet …
neokichi
Yeah. There are many people who do not have a computer in the first place, and it will be convenient if you can easily use the mobile wallet for remittance and payment from your smartphone when you go out ♪
Usage and advantages
No remittance fees. Furthermore, there is no limit to the amount of money that can be sent
neokichi
Bitcoin has a remittance fee, but ADK has no remittance fee.
myako
The fact that ADK does not charge a remittance fee can be used for a small amount ♪
neokichi
Yup! You can use it for micropayments. Also, there is no limit to the amount you can send.
Comparison with M-PESA
neokichi
ADK has banks in Kenya and Tanzania in Africa, but it is common in Kenya to use a mobile money transfer service called M-PESA.
myako
What is M-PESA?
neokichi
M-PESA is a service you can use with just one mobile phone, and you can send and receive money. The money you receive can be converted into cash at an agent in the city. M-PESA has become an indispensable service for Kenyan people.
myako
It’s amazing
neokichi
The reason M-PESA became popular was because it met the need to send money to families in the countryside. In Kenya, many people do not have a bank account, and the more they go to the countryside, the more remarkable it becomes. They had no easy way to send money. M-PESA can easily send money if you have a mobile phone. I will introduce an easy-to-understand commercial.
myako
I got it! M-pesa is also a convenient service for sending money.
M-pesa has a remittance fee and there is an upper limit to the amount of money that can be remitted.
neokichi
M-pesa is very convenient, but the disadvantage is that there is a remittance fee and there is an upper limit on the amount of money you can send.
myako
I see. ADK has no remittance fees. Perhaps there will be a time when ADK will replace M-pesa ♪
neokichi
Uh … I think it’s difficult for ADK to replace M-pesa because Kenyans are already familiar with M-pesa. However··
myako
However··what?
neokichi
Yup. I’ll explain in the next section.
Mobile wallet tied to bank account
neokichi
ADK says it will make it easier for the poor to open a bank account, which they have never had before. In other words, if you have a mobile wallet tied to your bank account, you can access it from your smartphone and send money easily and free of charge.
myako
I got it! M-pesa is different from a bank account. Also, it seems convenient if you can easily send money for free with a smartphone ♪
neokichi
Furthermore, since ADK’s mobile wallet is linked to its own bank account, it seems that the ADK sent can be returned to the Kenyan currency “Shilling”.
myako
That’s good ♪ That means that Neo Kichi, who is working, sends ADK to my mobile wallet, exchanges ADK for shilling, and then go to ATM and withdraw cash and get it ♪
neokichi
Well, that’s right….
myako
Please do your best to earn! I’m waiting for remittance ♪
neokichi
··Yes
Transaction processing will be within 1 minute
neokichi
It seems that transaction processing will be completed within 1 minute.
myako
1 minute is fast and easy to use ♪
In the future, shops may introduce POS to enable ADK payments.
neokichi
It may be possible to use mobile apps as a payment method at shops and online. ADK founder Don said he had the option to partner with Folgory as an example. If you can partner, it seems that you can pay ADK at the store like the Twitter video below ♪
Our store with immediate liquidity. The first one pos terminal with credit card and cryptocurrency by Folgory #terminalcrypto #acceptbitcoin pic.twitter.com/nXbgF3xepw
— Folgory (@Folgory1) November 5, 2019
myako
It would be great if the number of shops that can pay with ADK increases in the future!
neokichi
Yeah. Well, first of all, I have to complete a mobile wallet.
myako
Yeah We look forward to the completion of the mobile wallet ♪
Finally
neokichi
If you would like to know more about ADK, Come and Join us on Telegram!
