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    Date submitted
  • 25-Sep-2018

MPMSI

Abstract

MPMSI means Multiple Payment Method Single Integration which is a technology that takes advantage of the distributed ledger(blockchain) to allow funds from a central authority to be transferred to a decentralized digital wallet.

Video

Original YouTube URL: Open

Introduction Video

Additional Questions

Who is your customer?

Much of the customers we look to target are all over the world within developed and undeveloped countries enabled by their mobile device to conduct P2P payment transactions and product trades.

What problem does this idea/product solve or what market need does it serve?

The problem that Splash is solving is having to carry a physical wallet around and distributing the power structures from governments, banks and institutions back to the people.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

At Splash we believe that by using the blockchain we can successfully provide a distributed decentralized eccomerce platform to the people that also facilitates safe transactions.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

At Splash we have broken down execution into the following phases: Phase 1: build out a MVP (Minimum Viable Product) a digital wallet that allows funds from Paypal and bitcoin wallet into our wallet which will be directly converted to USD. Phase 2 involves linking the wallets to our own built eccomerce platform. Phase 2A involves a signature to transactions which involves the person transacting to leave a 'digital watermark' this may involve video, text or audio messages much like Venmo a platform that uses text. Phase 3 involves allowing our customers to send currency and receive currency from people. Do not get phase 3 confused with phase 1 ; phase 1 just allows for funds to directly connect to an existing online market place to a digital wallet directly connected to it.