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In an interview with CrowdFundInsider on May 8, 2020, Yuval Brisker, the creator of Mezu mobile payment app, revealed his plans for the future. There are a number of factors, he says, which make encrypted international payment processor Mezu a legitimate competitor to existing alternatives.
PayPal users received a pleasant surprise at the end of March, as the predominant online payment processor decided to cut some of the fees and facilitate instant fund withdrawals for most countries. Even Bitcoin (BTC) transactions and withdrawals fail to be so speedy, which was supposed to be one of the main benefits of cryptocurrency.
Although PayPal CEO Dan Schulman framed the firm’s recent upgrade of services as a response to COVID-19 pandemic, one has to wonder if he did not anticipate increased competition online payment processors. Payment platforms are developing quickly — Stripe just raised another $600 million, as one example. And now, Mezu has arrived on scene.
Launched in June of 2017, Mezu is comparable to other payment apps like PayPal/Zelle/Stripe/Venmo/Cash App, but with one extra feature – encrypted peer-to-peer payments. Neither the sender nor the recipient need to share their names or addresses for the transaction to be completed. Once again, what was previously the domain of unregulated cryptocurrency is now a viable, parallel FinTech infrastructure.
As the co-founder and former CEO of Toa Technologies Inc., Yuval Brisker spent most of his life in Cleveland, Ohio, but originally stems from Israel, which he left in his 20s. He says the Mezu app is his greatest FinTech achievement, for understandable reasons. The Mezu app can be used to send and receive money in four ways:
In addition, the app boasts the following highlights:
Lastly, Yuval Brisker has major ambitions for the Mezu app, surpassing mere payments and offering investment, credit, and stock trading services in the near future.
What do you think about FinTech services providing some of the original benefits of cryptocurrencies? We want to know what you think in the comments section below.