pazza83
commented
3 years ago Monese has been scored for inclusion to Bisq:
| Essential | Desirable | Definite No’s |
|---|---|---|
| Very low risk of chargeback | ||
| Way to verify the sender in the received payment and ability to enter a reference | ||
| Instant payment | ||
| Multi-currency | ||
| Significant user base | ||
| High usability and great user experience | **< high amount usability~~ | |
| No KYC required for sending and receiving payments, allows users to trade with upmost privacy. Minimal identifying information as possible (no names, email, phone etc required) | ||
| Low risk of scam attempts | ||
| Traders can provide evidence of payment / receipt | ||
| No minimum limits | ||
| Large payment limits up to 2 BTC | ||
| Likely to increase liquidity | ||
| Low risk of mediation | ||
| Low risk for traders from government agencies | ||
| No fees for transactions | ||
| No changes needed to trade protocol |
Score: 25/32 Percentage: 78.13%
Monese
References:
Monese is a popular neo bank app for users of GBP, EUR and RON.
As well as the usual bank facilities Monese allows users to send money to other Monese accounts instantly and for free in any supported currency.
Monese has a good use case in that it is instant, free, multi currency and has some better use cases than SEPA (current most popular EUR payment method). Also provides a Revolut alternative to users in UK and Europe.
Region
Anyone who's at least 18 years old and is a resident of the European Economic Area (EEA), regardless of their citizenship or financial history.
So if you live in one of these countries, you can open an account with Monese:
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.
*To open a RON account, you need to either live in Romania or have Romanian citizenship, holding a valid CNP (Romanian Personal Numeric Code). You’ll need one or more of these documents during account opening: Romanian national identity card, Romanian passport, Romanian driving license or a residence permit.
Depending which country you live in, you may also be able to open an account in more than one currency. For example, you could have both a GBP and a EUR account.
Currencies
Monese supports payments in:
To send money in another currency simply create a new payee in the Monese app and choose what currency you want to send from the list of currencies and countries available.
Note that the currency must match the destination country, you can't send USD to Poland for example. This is because we use peer-to-peer money transfer services, not traditional international transfers.
Also note that users in the countries above may not be eligible for a Monese account.
Therefore I would propose limiting Monese to the following three currencies:
Chargeback risk
Low
Size of user base
2 million Monese users
Data requirements
Monese - Monese payments are done by linking accounts to phone numbers. If you add the person to your phone contacts you will be able to send payment to them if they have registered the number with their Monese account
Verification
Monese has a web app so TLSNotary can be used.
Duration
Immediate
Fees
Free (no currency exchange fee applied)
Fraud risk
Low
Payment amounts
It is hard to work out on their limits page
However, I think 0.25 BTC worth is achievable.