Mehr Cryptocurrency at the heart of the fintech ecosystem

If we want to define digital currency very simply, it can be introduced as a special form of digital money created on the basis of cryptography. Digital currencies are like a double-edged sword for the ecosystem, which can increase the ease of people’s access to global markets, in addition to being harmful from the government’s point of view; Among the problems that have plagued everyone, especially people active in the ecosystem, is the issue of buying from foreign sites and the problems that arise in international payments. In this way, many startups have been created with the intention of making this easier. In this article we look at one of these Startup We invite you to read this conversation.

First, introduce yourself and explain how Mihar works.

I am Kamil Karbalai, the responsible manager of the Mihar application. Meher one Business Digital currency is stable; In fact, it is a stablecoin that is on the platform Ethereum is developed. Its value is always one dollar and its rial value is determined based on the dollar rate in Tehran’s free market.

The purpose of launching Mihar is that Iranian users can buy Mihar through the wallet in the application and make their micro-payments through foreign portals, in this way intermediaries such as exchanges have been removed.

Users can buy each meher equal to 1 dollar in Riyal and if they intend to buy from a site, they can send us the purchase link so that we can make the purchase for them, which may only be a cost for shipping or clearing the goods from The user is received. We can also make purchases for them in the fields of books and articles in the same way, another way is for them to buy international payment cards such as MasterCard from our application and charge it themselves.

What is your difference with similar applications?

The most important difference between us and our competitors is that Mihar charges less fees from the user and does the work faster and more easily. On the other hand, since Mihar is based on Ethereum, it transfers money quickly and with high security. On the other hand, the transfer fee for users who use Mihar is much lower than other transfer methods.

Is Mihar an Iranian company?

no Mihar is a company based in Armenia with which we developed our wallet and crypto; Because Armenia performs well in the field of blockchain and has advanced technology.

Have you ever attracted capital?

no

In some payment gateways, it is also possible to work with PayPal for people who intend to analyze data, do you also PayPal Are you covered?

In line with the development of the product, we consider that the user will pay the equivalent of Mihr and we will make the payment through PayPal or similar; Let me also say that PayPal charges its own fees, while we do not. Of course, in the next versions, we plan to convert Mihr to other digital currencies and vice versa.

Why did you choose Ethereum as your base currency? Isn’t it risky?

no Due to the Business model selected, we have covered its risks.

Some brokers that do currency exchange, calculate the rate of 13 tomans to the dollar as 15 tomans, do you have the same function?

no The dollar rate that we choose is the average market dollar rate and if you check the application, you will notice that the dollar rate is constantly changing according to the market rate, and in the application, the dollar to rial conversion rate is instantly updated and announced to the user.

Does the Armenian Mihar company accept the risk of Iran’s sanctions?

Due to our cooperation with a foreign company, financial transfers are made through that company, and the source and destination accounts are not Iranian, and from this point of view, the sanctions do not affect Mihar’s business and do not threaten Mihar.

Are you only active in the money transfer sector in the field of fintech?

Yes. Currently, we are only active in this sector. We also have decisions for product development, such as entering the game field, which our team is currently working on to develop this sector.

Is Mihar payment portal an Iranian internet portal?

Yes. The banking portal is Iranian, and users deposit their amount in Rials through Iranian devices, and the company performs other tasks and purchases of Mihar, etc., using its own mechanism.