INCLINE VILLAGE, Nev. - nvtip -- Phinge's Netverse® through its patented app-less platform and hardware looks to disrupt money transfer services by creating a secure, integrated, and rewarding financial ecosystem that will make national and international money transfers faster, cheaper, and more trustworthy. It will do this by bypassing the traditional banking network and money transfer companies, which often result in inconvenience slow speeds and high hidden fees.

Here is a breakdown of how Netverse could challenge money transfer platforms and companies:

1. Eliminating high fees and hidden markups

• Netverse model: Phinge's® Netverse ecosystem will use its own financial platform, PhingePay™, to facilitate transactions. While the platform has a 10% commission fee on sales, a portion of this is given back to the user in dollar-for-dollar rewards, the % charged on money transfers be a lesser % and more favorable and transparent than traditional money transfer services.
• Traditional model: Money transfer services generate revenue through a combination of upfront transaction fees and exchange rate markups. These markups are often opaque to the customer and can significantly increase the total cost of a transfer, especially for cross-border transactions.
• Disruption: By creating its own payment loop, Netverse could offer more competitive and transparent pricing for international money transfers, undercutting money transfer leaders decades-old fee structure.

2. Faster and more direct transfers

• Netverse model: Phinge's payments will be handled within its own unified ecosystem, potentially enabling real-time or near-instant transfers between verified users, regardless of their location. This will bypass the slower, multi-day settlement process of the traditional banking system and its international correspondent banks.
• Traditional model: Money transfer companies transfers rely on either its physical agent network or traditional banking channels (like the SWIFT network), which can take several business days, especially for cross-border payments. Plus most transfers involve going to physical locations to send or receive money.
• Disruption: All Netverse users will be verified through Phinge hardware, and a direct, instantaneous transfer would be verified to both the sending and receiving parties. This would be far more secure and convenient than waiting days for a bank transfer to clear or having to physically visit a money transfer agent location.

3. Enhanced security through hardware verification

• Netverse model: All users and businesses on Netverse are verified through Phinge's proprietary hardware. This provides a strong, hardware-based layer of identity confirmation for both the sender and the recipient.
• Traditional model: While money transfer services require identification, the process can be vulnerable to fraud. Scams and illicit activities have historically been an issue for money transfer services.
• Disruption: The high-trust environment fostered by Netverse's verification process will offer a more secure platform for money transfers, reducing the risk of fraud and increasing user confidence.

4. Financial inclusivity and ecosystem integration

• Netverse model: Phinge has plans to offer services like interest-free, buy-now-pay-later (BNPL) loans to users, repaid with their future rewards. This creates a comprehensive financial ecosystem that includes payments, rewards, and credit, all within the same platform.
• Traditional model: Money transfer services primarily functions as a single-purpose money transfer service, requiring users to go elsewhere for banking, credit, or other financial products.
• Disruption: By integrating multiple financial services, Netverse will create a powerful ecosystem that encourages users to conduct all their transactions within the platform, making it a more convenient and rewarding option for managing personal finances.

5. Shift to a digital, verified "app-less" experience

• Netverse model: Netverse's "app-less" verified technology will be accessed exclusively through Phinge patented hardware, consolidating all services, including money transfers, into a single, convenient, seamless experience.
• Traditional model: Money transfer platforms and companies rely on apps, websites, and physical agent locations. This fragmented user experience can be inconvenient for customers who need to download and manage multiple applications or visit a physical location.
• Disruption: Netverse's unified platform will offer a streamlined experience that removes friction for users, potentially attracting those who prefer a more integrated digital solution for all their financial needs.

Feature	Netverse (via Phinge)	Money transfer platforms and companies (Traditional Model)
Technology	App-less proprietary ecosystem: Requires dedicated Phinge hardware for access. This consolidates all services into a single, integrated experience.	Fragmented platforms: Primarily uses apps, websites, or physical agent locations.
Fees & Transparency	Transparent fees with rewards: Phinge charges a 10% commission on sales, but % for money transfers could be less and users will receive a portion back as rewards, potentially creating a more transparent net cost structure.	Opaque fees and exchange rates: Revenue is generated through upfront fees and exchange rate markups that are often hidden from the customer.
Transfer Speed	Near-instantaneous: Transfers will be handled within the unified Netverse ecosystem, bypassing traditional banking channels for near-real-time settlements which will be more convenient and save users time.	Variable speeds: Transfers can range from minutes (for cash pickup) to several business days (for bank deposits), depending on the method and location.
Security & Verification	Proactive hardware verification: Users and businesses are verified via proprietary hardware, building a high-trust, closed-loop verfied ecosystem.	Reactive software-based security: Relies on identifying verification and software-based protections, which can be more vulnerable to fraud.
Data Ownership	User-owned data: Netverse users will retain ownership and control of their personal data, with the ability to monetize it.	Company-owned data: Personal data is collected and owned by the company, with traditional data privacy and monetization practices.
Ecosystem & Rewards	Integrated financial ecosystem: Will combines money transfers with other financial services like interest-free "buy-now-pay-later" (BNPL) loans and a rewards system.	Single-purpose service: Primarily offers money transfer services, with users needing to use separate services for other financial products.

Phinge's Netverse platform aims to create a comprehensive financial ecosystem integrating services like rewards and buy-now-pay-later loans, moving beyond simple money transfers.

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It will feature hardware-based verification for security, an "app-less" user experience via proprietary hardware, and a model where users retain data ownership and its monetization. This contrasts with traditional money transfer services which often rely on reactive security, fragmented user experiences across multiple platforms, and do not typically offer users direct data ownership or monetization

Preview Netverse and it's patented, magnetically attachable smartphones and devices by visiting Phinge's websites at
https://www.phinge.com

To get on a contact list, please fill out the online form here
https://www.phinge.com/netverseai.html

Ask Google Gemini about Netverse here
https://www.phinge.com/get-netverse.html

View Phinge's Crunchbase profile here
https://www.crunchbase.com/organization/phinge

View CEO Robert DeMaio's Crunchbase profile here
https://www.crunchbase.com/person/robert-charles-demaio

About Phinge Corporation

Phinge was founded and through Netverse® is being developed to disrupt today's outdated App technologies, including the App-store duopoly, by partnering with and giving its users and businesses ownership and control of their data, enhanced privacy and a better overall mobile experience including their ability to monetize it.

Phinge through its upcoming patented Netverse App-less technology platform with proprietary AI, will be a better, safer, verified and rewarding alternative platform and technology for users and third party businesses and developers to today's App stores, operating systems and ecosystems of Apple, Google and Android.

Netverse will not be an App or Super App that resides on the major technology platforms of today.

Instead, it will be a standalone, all-in-one, app-less platform, accessible only through Phinge's revolutionary, patented, Mobile Hardware which includes Magnetically Attachable/Detachable Phones, Tablets, Mobile Gaming Systems and peripherals like the stylish, wireless earbuds with interchangeable batteries and built-in sensor screens for continuous usage without recharging. Smart Watches that never need to be physically charged as they come with stylish external, interchangeable bezels with built-in rechargeable batteries and come in a variety of colors, patterns and finishes.

Netverse will be a verified, centralized-decentralized platform.

Centralized in the way it provides universal safeguards through verification of all users, businesses, organizations, entities and IP through Phinge's patented Netverse technologies and hardware.

Centralized because Phinge and Netverse will be compliant with all government regulations regarding data and privacy.

Decentralized because all third party platforms will be compliant with all government regulations regarding data and privacy as soon as they are verified and join Netverse.

Decentralized because its users, businesses, organizations and entities will have the power to live, work and thrive in a verified world.

Netverse will benefit all verified users and approved, verified third party businesses, developers and platforms on Netverse in ways not possible with today's technology including total verification of all users, businesses, organizations, platforms and entities.

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