MYCELIUM rru NIENT SYSTEM

EFTA01075461 Dataset 9 20 pages Download original PDF Download as text
MYCELIUM rru NIENT SYSTEM BASED ON DISTRIBUTED LEDGERS Part 1. What is Mycelium EFTA01075461 3 RAPID DEPLOYMENT & SIMPLE MAINTENANCE EFTA01075462 SELF-SUFFICIENT UNLIKE 44 APPLE/ANDROID/SAMSUNG/ ETC. PAY» DOES NOT USE LARGE CARD NETWORKS' (4DIGITAL ENABLEMENT PROGRAMS» AND POS NETWORKS Al my5flium EFTA01075463 EFTA01075464 TINOLLN3ANO3 SA vtinream EFTA01075465 Mycelium vs Conventional Transactions by distributed ledgers Expensive in-house proprietary transaction engine Merchants' setup costs $10 (ten) Merchants' infrastructure costs are high Both cards and mobile app in-store Single channel focus leads to dangerous weaknesses at a second channel Conventional systems either offer online payments through a number of Online is equal to in-store patches or have no physical offline channels True peer-to-peer payments Peer-to-peer options are illusory, executed through a central server Micro payments enabled *** n/a ' Consumer fully controls her wallets Mobile wallet or card are the keys to accounts kept beyond consumers' reach EFTA01075466 Mycelium vs Conventional Distributed Centralized Costs next to zero Expensive Outsourced In-house Self-sufficient Requires intermediaries No single points of failure Can be hacked; can break Requires zero maintenance Has to be constantly taken care of Transaction Engine EFTA01075467 Mycelium vs Conventional Light and Easy Standard Direct access to all tools Requires intermediaries such as POS networks One piece of proprietary hardware Complicated and expensive setup Ordinary Internet access is ok Requires special network access Fully wireless Needs wires and stationary power Modern UI over own tablet/phone Previous generation displays and UI technology Merchants' Setup EFTA01075468 All Channels • Both physical channels (card and smartphone) are equally powerful • Online and in-store payments work in exactly the same manner, with no compromise to security and other important aspect VISA app? PayPal card? EFTA01075469 TRUE PEER-TO-PEER THE SYSTEM IS ACTUALLY BASED ON P2P ARCHITECTURE. BANKS CAN BE BYPASSED IN THE FUTURE WHEN LEGAL FRAMEWORK ALLOWS. close distance e t 2INTERNET - mesh networking EFTA01075470 Mycelium vs Conventional Full Situational Control by Consumer Funds actually kept on card or wallet Funds are kept centrally; mobile app and card serve as conditional access keys Modern coding: public + private keys Many types of access keys: PINs, passwords, i-bank keyword, CCV, etc. Codes can be changed by customer Most access codes can only be changed by the issuer Cards can be backup by cardholders Takes a trip to a bank or snail mail order Transaction history is at user's side Takes Internet access and number of keys to access transaction history EFTA01075471 SUMMARY OF BENEFITS EFTA01075472 Payments are a form of transportation service * Cost: Mycelium offers a definitive advantage * Speed: Mycelium uses peer-to-peer channels, thus removing interbank dependency — the slowest component of the traditional payments process. In distributed ledger technology, there is no need to trade-off between speed, flexibility, and efficiency * Security: distributed ledgers offer unprecedented security * Comfort and connectivity: contextualized commerce EFTA01075473 Contextualized Commerce * Invisible payments: a platform level approach helps payments fade into the background. * Deriving value from purchase journey: shifting focus away from the payment mechanism to the surrounding e-commerce experience. * Resolving pre- and post-payment needs: this is where the real benefits of Mycelium payments will be unlocked. Removing consumer pain points both before and after payments occur will create the value needed to spur widespread adoption. EFTA01075474 INVESTMENT OPPORTUNITY EFTA01075475 CURRENT STATE OF THE PROJECT OVER 100,000 OF ACTIVE USERS CUSTOMERS' FUNDS: OVER $100 MILLION (BITCOIN NOMINATED), OVER $4 MILLION (FIAT NOMINATED) MYCELIUM CARDS ARE PRODUCTION READY EFTA01075476 Reasons to Invest * 1. The blockchain technology is altering the incumbent payments industry landscape. * 2. Mycelium is one of the most recognized brands in the field of blockchain based payments. EFTA01075477 Few Amazing Facts About Mycelium Merchants can add lists of goods with tags and photos right into the merchant's console. Consumers can interact with merchants by scanning QR codes: works great for restaurants and merchants who are ready for the trending «buy online pick up in store» concept. * A card can pay another card at a distance of up to 300 feet; no infrastructure needed at all, cards use the proprietary wireless protocol. * Cardholders can change their PIN code using the card keypad, no connection needed. * Any merchant can act as an ATM or a cash accepting top up machine and earn fees. * Mycelium does not need a server infrastructure to perform transactions; moreover, its merchants need no POS providers. Mycelium hub costs only 10 dollars and can be used with an ordinary web-router. close distance INTERNET BLOCKCHAIN mesh networking EFTA01075478 HIGH PROBABILITY OF IGNITION DUE TO SRTONG FUNDAMENTALS OF THE PROJrr EFTA01075479 mycelium.com 2016 Fwd of Part 1. Other parts: Part 2. Adoption Model Part 3. Financials EFTA01075480

📷 Images in this document (20 detected; 6 largest described)

AI-generated factual descriptions of embedded images (llava:13b). These are searchable across the corpus.

[Image 1] The image shows a photograph of a large number of red cards or tokens, which appear to be Myelium cards, arranged in a container. The background is nondescript, and there are no people visible in the image. The text overlay on the image provides information about the project, including the number of active users, customer funds, and various achievements related to the project. The text also mentio [Image 2] The image shows a collection of items on a wooden surface. There is a red smart speaker with a white logo on the front, a white smartphone with a red logo on the back, and a white card reader with a red logo on the front. There is also a white card with a red logo and a barcode on it. The items are arranged in a way that suggests they are being compared or contrasted, possibly in terms of cost or [Image 3] The image shows a smartphone with a digital display that reads "Self-sufficient." Below the phone, there is text that provides information about the phone's capabilities. It mentions that the phone does not use a large card, does not use digital networks, and does not use digital networks. The text also mentions that the phone is not connected to any network. The background of the image is blurred [Image 4] The image shows a document with a dark background and white text. The document appears to be an informational or educational piece related to a payment system called "Mycelium." The text mentions "Part 1" and "Part 2," suggesting that this is the first part of a series. The document includes a logo or emblem at the top right corner, but the details of the logo are not clear. The text is too small [Image 5] The image shows a slide from a presentation. The slide has a dark background with white text. The title of the slide reads "Mycobacterium vs Conventional." Below the title, there is a subtitle that says "Mycobacterium vs Conventional." The slide appears to be educational or informational in nature, possibly discussing the differences between two types of bacteria. The text is clear and legible, an [Image 6] The image shows a text-based graphic with a dark background and white text. The text reads "INVESTMENT OPPORTUNITY" in capital letters. The style of the image is simple and appears to be a sign or a banner, possibly used for advertising or informational purposes. There are no additional details or context provided within the image.