Great post, but the coin does not serve any purpose but to get a share of the companies revenue? That is what is called: regular investing. They are just making it look like a revolutionary new cryptocurrency to get more people hooked.
I am not that impressed by the product either. There are many other services that do exactly the same and charge way less. :/
If you have an other opinion or additional information, I would love to be corrected.
What other companies do the same thing but charge less?
Coinbase for example or ShapeShift to some extend. I can only name these two off the top of my head but I am sure there are more.
That isn't the same thing at all. Monetha allows for easy intergration into a website and allows venders to receive payment, in dollars via crypto. The vender is happy because he/she paid less fees and we the customers paid no fees at all.
Selling your crypto to coinbase and using the dollars to buy an item is much more time consuming and expensive.
Coinbase and ShapeShift offer payment APIs that let users pay with crypto. The vendor gets to decide if he wants to receive crypto or USD.