FacilPay has introduced its new AI-powered messaging and payment platform, designed to operate on a user-intent blockchain. This innovative product is available as a mobile app on both iOS and Android, targeting the extensive user base of over 3 billion individuals who utilize mobile messaging applications.
Dean Kim, Founder and CEO of FacilPay, highlighted the company’s goal to simplify three major industries by developing a suite of solutions tailored to each and integrating them into a single, user-friendly app. FacilPay aims to harness the best utilities from the $2.5 trillion cryptocurrency industry, the $2.64 trillion global payments industry, and the $101 billion mobile messaging industry. The platform is designed to cater to both web3 veterans and newcomers, ensuring accessibility and ease of use for all users.
The team has focused on creating a product that is intuitive for those unfamiliar with blockchain technology. Kim expressed the company’s vision to enable people to use blockchain solutions in a familiar environment, resembling the experience of chatting on WhatsApp or sending money with Venmo, but with the added benefits of AI integration. Underneath this user-friendly interface lies a robust blockchain architecture that ensures speed, security, and reliability.
Initial Launch and Expansion Plans
FacilPay plans to launch the app initially in the Latin American countries of Mexico, Argentina, and Colombia. Following this, the company aims to expand into the Asian market, and subsequently into Europe, Africa, and North America. The ambitious goal is to reach unbanked users in over 180 countries, with 122 million of these users already residing in Latin America as of 2021.
Kim discussed the challenges faced by the unbanked population in Latin America, noting that a significant portion remains excluded from modern financial services. FacilPay’s financial services aim to bridge the gap between traditional and decentralized finance (DeFi) banking, providing much-needed solutions to these underserved communities.
Features and Capabilities
The FacilPay app boasts a variety of features designed to enhance both communication and financial transactions. Messaging features include AI instant messaging, voice translation, NFT emoticons and stickers, group chats, group calls, file transfers, and HD video conferencing. On the web3 side, users can benefit from secure crypto wallets, staking, swapping, bridging, and more. Additionally, the platform enables crypto-to-fiat transfers through MoneyGram APIs.
Strategic Partnerships and Future Announcements
The past six months at FacilPay have been focused on forging partnerships, making strategic decisions, setting plans, determining dates, and expanding the team. In the coming weeks, FacilPay will make several significant announcements regarding its Token Generation Event (TGE), Minimum Viable Product (MVP) launch, exchange listing, and more.
FacilPay’s introduction of its AI-powered messaging and payment platform represents a significant advancement in integrating blockchain technology into everyday applications. By combining the functionalities of messaging, payments, and cryptocurrency, FacilPay aims to provide a seamless and secure experience for users worldwide. The company’s focus on user-friendliness and accessibility ensures that even those new to blockchain technology can easily adopt and benefit from the platform. As FacilPay continues to expand and evolve, it is poised to make a substantial impact on the global financial and communication landscapes.