The XMG Fintech Digital Asset Payment Portal or “XMG” was developed initially as a payment portal specifically for the MegaHoot Ecosystem. It consists of a digital coin called “XMG” or “XMG Coin” and a digital payment system that allows MegaHoot members to purchase digital items across the entire MegaHoot ecosystem. The XMG Coin holds a value of 1 U.S. Dollar and doesn’t deviate from that level as it does not trade on the open market today.
Some platforms that will be added to the ecosystem include e-commerce, auction and gaming platforms. Some examples of digital assets include digital art, backgrounds for video conferencing, overlays and more.
The XMG Digital Asset Payment Portal is scalable and is being enhanced in order for it to integrate into systems beyond the MegaHoot Ecosystem as well as integration into traditional finance systems.
All MegaHoot Memberships, MegaHoot Soapbox Channel Subscriptions & event tickets, Fortis Auction Blockmarket transactions are purchased using the secure XMG Digital Asset Payment Portal.
This allows for any coin or token held in a compatible digital wallet held by members to be swapped for XMG Coins to be used to make most purchases across the entire MegaHoot Ecosystem where allowed.
Because the XMG Digital Asset Payment Portal is a comprehensive digital payment gateway it has allowed for the integration of other MegaHoot platforms into the portal. What this has done is allow for a seamless experience for MegaHoot Members.
In the near future the XMG Digital Asset Payment Portal will be available to be used for all platforms created on the backbone of the Pecu Novus Network as well as on the backend of partner point of sales systems for increased utility of the system on a global scale.
The XMG Digital Asset Payment Portal has similar functions and heavy blockchain enabled encryption protocols in place to protect MegaHoot Members on both ends of a transaction. It performs similar tasks as popular payment systems do such as Paypal, 2Checkout, Stripe and Square but for digital assets.
XMG Coins and The MegaHoot Vault
The XMG Coins are integrated into the MegaHoot Vault “MVault” and this provides MegaHoot Members with access to digital safekeeping boxes and other Vault features. The MVault is a Fintech product that is scalable and will include many other features allowing other digital assets to be held there such as other cryptocurrencies, digital documents, NFT’s representing digital and physical art, digital and physical real estate plus much more that are built on the Pecu Novus Blockchain Network.
The MVault will be prepared for the Web3 world and the system will be integrated into the MegaHoot Metaverse platform when launched.
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