The Current Problem of Mobile Payment
The social media penetration has changed the way people live; now the same shift is happening in the way people make payments. The user needs more than just a mobile payment: making fund transfers without knowing the recipient bank account details, make virtually unlimited payments, communicate with the seller/company/artist/services without need to download multiple apps or interact with slow websites. The user needs an One-in-All app that takes the very best of other existing apps and combines it for more features to simplify the daily life.
The KahnChat Solution
KahnChat app is the app for what the user's demanding for; it can make payments for purchase almost regardless of the amount in fiat- or cryptocurrency, funds can be transferred to any KahnChat user, text messages can be sent, chatting via voice or video to single or multiple parties is possible along with file sharing and a lot more.
User features include the option to add friends from the address book or by scanning a person’s QR code. Life stories can be shared including pictures and videos with optional further engagement through comments. Users will be able to create groups, invite friends to groups, following famous artists by scanning his or her public QR code for latest updates and news.
KahnChat Growth Potential
According to "The Statistics Portal" source. Total value of card transactions in the United Kingdom, Germany, France, Italy and Netherlands for the year 2016 is 1787.8b €
KahnChat’s mobile payment target is 1% of the market share within 3 years after launching the mobile payment app. This adds up to approx. 17b € worth of transactions each year. With the KahnChat mobile payment transaction charge to a merchant being 0.6% per transaction, the potential income only from the mobile payment feature sums up to 107m € per year.
The KahnChat digital wallet accepts both fiat- and cryptocurrency, allowing the user to cash-in their cryptocurrency into the KahnChat wallet for purchase, transfer or withdrawal. Consequently, KahnChat app has tremendous growth potential.