Aug 23, 2018 – Monarch will provide Sapien users an easy-to-use wallet and platform to send, receive, and store their SPN Tokens.
The Monarch platform now has added a vibrant community of content creators by partnering with Sapien, a reputation-based, Web 3.0, social news platform that gives users control of their data and rewards them for their contributions to the platform. One of Sapien’s initiatives is to fight fake news and maintain users’ privacy within the cryptocurrency ecosystem.
As a web-based platform, Sapien has some promising growth metrics, gaining nearly 4,000 active users since June. Their community has posted over 11,000 pieces of content with over 17,000 comments. It’s important to note that Myspace, Facebook, and LinkedIn all had comparable numbers at their inception!
“Monarch offers a comprehensive crypto-wallet with a slick user interface. Our partnership will help provide Sapien users with a secure payment solution to manage SPN tokens and other digital assets.” -Sapien CEO and Co-Founder, Ankit Bhatia.
Monarch’s wallet has several features that other wallets don’t, which will be a major advantage for SPN holders. First, Monarch has a Patent Pending process for decentralized recurring blockchain payments. Its merchant plugin is currently being built and eventually will enable users to pay in cryptocurrency and instantly convert funds to fiat to pay businesses. The Monarch Exchange will be launched in early 2019 (if not sooner) so Sapien’s users will benefit from an additional exchange listing.
The recently released SPN Rewards Engine allows users to be rewarded for their actions on the platform and contributions to the community. The Sapien Team is working diligently to add more features and functionality to their already robust platform.