AMA Highlights – MobiePay
By Daniel Dal Bello, Director.
October 22, 2020 – 7 min read.
On Thursday 15 October, we welcomed Brandon Burgason and Bradley Townsend from MobiePay into the Hillrise Capital Telegram chat for an AMA. Brandon is the current CEO and founder, and Bradley is Head of Partnerships.
Built using Stellar tech, MobiePay are creating a universal payment ecosystem built around a suite of mobile apps. Their three apps will target mainstream consumers, crypto-users, and merchants. With an experienced team and recently audited smart contracts, MobiePay is integrating with over 225,000 physical and online Point-of-Sale systems at top retailers and merchants worldwide.
In this post, we have compiled key questions and answers from our AMA event.
Daniel Dal Bello
Hi guys and welcome. Brad we have known you here for almost too long now and Brandon, welcome to the room! We’ve been following MobiePay for a long time, one of our first research reports covered this project in 2019.
As always it would be great to start with some introductions and background on how you are both here in your positions today.
My name is Brandon Burgason and I am the Founder & CEO of Mobie. I have been building this project for 2 years with our team. I am a Serial Entrepreneur with extensive C-level experience in Oil & Gas, trading, FinTech, and financial services.
I have been working closely with Mobie for over a year heading up the Business Development side of the project and leading partnerships. My background is in growth and business development with an extensive business acumen, I have built an impressive network of both C-level executives and notable grass-roots thought leaders. I leverage these to strengthen the presence of new and running projects, supporting short term growth for sustainable long term development. Some of the latest projects I have advised are Ferrum, Orion, Geeq, and Gather Network.
I was introduced to Brandon mid-2019 via a mutual friend of ours, after digging into how much Brandon and the other C-levels had built, I wanted to get involved, later that year myself and Brandon met in person in Bali and I have been involved with Mobie ever since.
Hi and thank you for joining us tonight! I’d like to jump right in and ask you about business. MobiePay is positioned within a very competitive market, we’ve seen many projects try and conquer blockchain-based payment and rewards systems – often it circles back to these companies having the technical firepower or not. Also hurdles with the business development side can stall things and momentum is lost – many use cases, few users.
How is MobiePay positioning itself and how do you realistically plan to foster usage and utility growth over time?
Daniel Dal Bello
I want to build on this too. You have on your website many potential use cases for your products and ways to use MBX. Lots of projects in this crypto-world propose dozens of theoretical use cases, but they don’t materialize. How will you approach this?
Most of the projects are completely blockchain-based and can only capture a very small market share. With Mobie, we are focused on mainstream payment, crypto-enthusiasts, and merchants. In addition, we have significant revenue models and high level merchants partnerships built around our patent-pending tech that allows us to incentivize everyone – users and merchants alike.
Also, most projects are focused on one thing and rely on 1-3 revenues streams to operation. We have a total of 9 within our ecosystem.
With Merchants already within the Mobie ecosystem the utility of MBX as a rewards token is already in play. MBX will also be the pillar that all transactions will pass through for settlements in fiat and crypto, as well as our in-app currency exchange. One big thing a lot of projects fail to do is capture more than the existing niche market, they focus a lot on capturing and building for people familiar with crypto and don’t bridge the gap between mainstream and existing crypto/blockchain users.
“One big thing a lot of projects fail to do is capture more than the existing niche market, they focus a lot on capturing and building for people familiar with crypto and don’t bridge the gap between mainstream and existing crypto/blockchain users.”