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ZeUPay: Groundbreaking P2P Payment Provider & #Crypto to Fiat Gateway – $ZEU.ca Technologies $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 7:26 AM on Monday, January 18th, 2021
  • Completed its exhaustive due diligence review and corporate integration documentation and expects delivery of final legal opinions in relation to the proposed acquisition of Prego International Group AS.
  • ZeUPay will be fully integrated into the Mula ecosystem.
  • Users of ZeU and the Mula platform native function and applications, as well as users of third-party developed applications, will be able to use its Crypto to Fiat gateway functionalities.

Montréal – January 17, 2021 – ZeU Technologies Inc. (CSE:ZEU) (CNSX:ZEU.CN) is pleased to announce that it has completed its exhaustive due diligence review and corporate integration documentation and expects delivery of final legal opinions in relation to the proposed acquisition of Prego International Group AS.

Management of both companies plan to sign the final acquisition documents later this week. It is expected that all regulatory review should be completed on or around February 5,  2021.  At that point, all shares of Prego International would have been exchanged for convertible debentures of ZeUPay, a wholly owned subsidiary of ZeU Technologies and the target corporation.

Ronald Eriksen will join the board of directors of ZeU Technologies at closing.

ZeUPay will be fully integrated into the Mula ecosystem. Users of ZeU and the Mula platform native function and applications, as well as users of third-party developed applications, will be able to use its Crypto to Fiat gateway functionalities.  All current account holders of Prego, including Pay2Go card holders, will be seamlessly migrated to a Mula digital wallet that will allow them to send or receive money, lend to the ecosystem, earn income and interest, and structure transactions. ZeUPay’s utility token will be hot-swappable with a range of other tokens, including the MulaPay stable utility token.

Source: https://agoracom.com/ir/ZeUTechnologies/forums/discussion/topics/753243-zeupay-groundbreaking-p2p-payment-provider-crypto-to-fiat-gateway/messages/2298541#message

$ZEU.ca Technologies Mula Evolution Creates Generational Shift in #Blockchain Use for Communications

Posted by AGORACOM-JC at 3:31 PM on Monday, December 14th, 2020
  • The Mula Platform, engineered around the core MulaMail application, has been completely redesigned over the last five months.
  • Certain obligations, like the “Legal Intercept” were impossible to meet due to a bulletproof security design.
  • These obligations challenged some basic concepts at the core of the technology and forced the designers and engineering team to propose fundamental changes.
  • Management is pleased to report that these challenges have been met. The resulting solutions represent a generational shift in the way people should use blockchain as the basis for communications.

Montréal – December 14, 2020 – ZeU Technologies Inc. (CSE:ZEU) (OTC:ZEUCF) is pleased to provide an update on the advancements of the Mula Platform and suite of products, as well as an update on the previously announced Prego acquisition and integration and other initiatives.

Mula Platform & Eco-System

Fundamental Changes

The Mula Platform, engineered around the core MulaMail application, has been completely redesigned over the last five months. Certain obligations, like the “Legal Intercept” were impossible to meet due to a bulletproof security design.  These obligations challenged some basic concepts at the core of the technology and forced the designers and engineering team to propose fundamental changes.  Management is pleased to report that these challenges have been met. The resulting solutions represent a generational shift in the way people should use blockchain as the basis for communications. Furthermore, the efforts have resulted in a significant sum of intellectual property of which many parts are important enough to require the filing of new patents.  The Company expects to provide further disclosure on that topic as soon as the provisional patents have been filed.

The New Mula Project

The redesigned and redefined Mula Project covers more domain than the previous iteration. It has also been further opened to third-party applications, community, and open-source efforts.

End-to-End Encryption

The core of the platform and the engine of its ecosystem remains the MulaMail module.  Built as a digital wallet, MulaMail content is encrypted end-to-end.  It does not allow the Company or Regulatory and Governmental parties to access any type of “back-door” or “master key”. The Company currently plans to use commonly compatible high encryption in its first commercial iteration. Some customized versions of the application will be able to deploy ZeU’s quantum-proof encryption at a later stage. The design team is studying the possibility to allow the users to choose their own encryption in some cases. Open-source contribution would help maintain and improve the application over time and can be done in parallel to the Company’s own improvement efforts.  The content of MulaMail messages does not sit on a public blockchain but semi-centralized databases (70/30) being local hosts or permission-based “private” blockchain protocols. Without disclosing what will be the content of one or a few provisional applications, the Company’s management believes that the solutions developed sufficiently maintain a level of decentralization and distribution to adhere to its core principle while meeting the “Five-Eyes” countries “Legal Intercept” obligations.

Overview of the Platform

The Company believes that this version of the Mula Platform will be a powerful communication and DeFi tool.  Its marketplace should grow and evolve in an organic and potentially viral manner.

To achieve this kind of growth, the platform’s new design now includes multiple APIs that will enable third-party development and connectivity.  Owners of other e-services or applications, as well as community developers and influencers, will be able to leverage Mula to grow their own DeFi offerings.  Mula will also provide more development freedom by allowing developers and power users to replace some components with their own, including Open Sources initiatives. The end-users will be able to swap these components to modify their experience.  For example, the new design now integrates an open- source initiative backed by Google that will allow ZeU to reduce the development time required to code an Ethereum or ETH gateway within its “Builder” module.  The builder module will contain the simplified programming language of the platform.  It will allow third parties, from high-level engineers to simple users, to build their own smart contracts and small to sizeable DeFi applications within the Mula Platform. It will use MulaPay as the core utility stable token for all transactions with swap access to a large number of mainstream digital assets.  There will be the possibility to connect to legacy financial services via the connectivity to ZeUPay, the suite of financial, payment, and custodial services allowed with the integration of Prego.

The Mula Platform should allow users to leverage their social, real-life, and business networks to improve and augment their offerings and revenues.  For example, someone with a “network sales” home business selling cosmetics will be able to integrate their personal business page with Mula quickly, build a discount and/or a loyalty program with its own child-token derived from MulaPay, and develop all the smart-contracts required to automatically run the operation by using the Mula Smart-Contract Builder module’s wizard.  That person will be able to add to their offerings by connecting other business offers existing in the Mula ecosystem and automatically generate additional revenue.

Below is the overview of the platform.  Its current design includes the MulaMail application that gives access to all the other modules. MulaMail is the blockchain email application that is end-to-end encrypted, but that now allows employers to deploy their own set of accounts to have authenticated access.  Enterprises will be able to deploy their own ZeU blockchain protocol nodes and leverage resources from outside of their private network.  Offline usage of the email application has also been addressed and is now possible without compromising its security.


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Figure 1: Mula Platform Overview

Connectivity and Compatibility

An important aspect of the new MulaMail design is its inability to be run as an add-on or a plugin within another vendor’s platform.  Recipients of MulaMail via third-party email software will still be able to access the contents of the message.  However, they will receive a hyperlink to a temporary web interface allowing them to read the contents of the message.  This approach could potentially limit the adoption of the application, but it will not compromise its security.

Mula Modules

Many of the planned Mula modules have survived the redesign and will continue to be developed as planned:

Basic modules:

  • – MulaMail is a private, spam-free, and encrypted end-to-end email system. – MulaMessage is a private, spam-free, and encrypted end-to-end messaging system. – MulaBrowser is focused on privacy, security, and data ownership while browsing the internet.

Business modules:

  • – MulaMeet is a quick and easy way to plan meetings with colleagues and friends. – MulaTask is a simple way to compile a see your daily tasks. – MulaMeeting is secure video conferencing.

Marketing modules:

  • – MulaMarketplace is a behaviour-based ethical marketplace where users redeem tokens. – MulaGraph is a psychometric profile based on the Mula digital wallet that understands consumers’ tastes and habits.

Other modules have been added, incorporated, or redesigned for flexibility and usability.

MulaPay

  • – MulaMicrofinance has been incorporated into MulaPay. – MulaNote has been incorporated into MulaPay.

MulaPay allows users to access a variety of financial services within the Mula Platform. Users have the possibility to run micro-businesses within their Mula account by billing and paying for services, augmenting their services or retail lines, or connect to legacy financial services through ZeUPay.

The DEX & DeFi options

MulaPay and ZeUPay will support third-party DeFi applications connectivity, which means that developers outside the ZeU ecosystem will be able to use Mula digital currencies swap function and leverage the ZeUPay gateway to custodians, financial institutions and banks.

MulaMail users not only acquire an enhanced digital wallet when they subscribe to the service, but they will also have the option to actively run peer-to-peer applications in different fields. One of the most significant will be the ability to lend digital assets to the distributed exchange platform and create sub-tokens allowing the listing of their own assets, consequently running for profit their own mini decentralized and distributed digital exchange.

Mula Contract Builder

Mula Contract Builders allows users to build smart contracts within the system without knowledge of programming, or blockchain or digital wallet technology. It also allows power users and knowledgeable developers to plug in more complex contract development code. The contract builder can be used for anything from invoices to marriage contracts. However, the Company expects that majority of the usage will come from is Mula business suite of products and its gaming initiatives.


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Figure 2: Simple Language Smart Contract Builder

The Company has chosen to offer these products on the Mula Platform to leverage the platform’s ease of use and switching between modules. The Company believes the ability to run the suite of products from one dashboard is cost-efficient and a value-add for time-pressed individuals and businesses.


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Figure 3: Easy Access between Modules

Adoption strategy

The Mula team is expecting to develop some basic smart contract components compatible with the largest digital currencies.  This will allow a regular user to build digital offerings without the need to understand blockchain or digital wallet technology.

The simplest case study is one of a sports betting pool between friends or work colleagues.  Let’s say that Peter is secretly a big fan of RB Leipzig (stay with us, don’t laugh), a German soccer club.  Peter will be able to invite via his MulaMail contacts and his friends to participate in a private, closed, peer-to-peer betting pool on any number of customized betting offerings of his choosing in regard to German soccer. This could be anything from the players to be traded to finally improve that team to where the different teams will place at the end of the season — all without disclosing to his friends that he secretly despises FC Bayern. The smart contract will automatically compute results and pay-outs. He will also have the option to configure the pool in such a way that will show the other users what he is betting on or to configure it as a “black pool” (English Soccer fan, not the team…).

To fund his Mula account, Peter will be able to monetize marketing tokens he received from various marketers and swap these tokens for MulaPay tokens, or he will be able to buy MulaPay tokens from within his ZeUPay account.  MulaMail users automatically obtain a ZeUPay account when signing for MulaMail. If he wins, he will be able to cash out his MulaPay tokens via the ZeUPay interface, use his ZeUPay debit card for payments, or withdraw the amount for fiat currency .

MulaMail Inbox Hybridization

The new semi-centralized approach to MulaMail inbox management fixes three important issues:

  • – Employers needing to monitor enterprise communications – Law enforcement and court-ordered “Lawful Intercept” – Offline operations

“ The MulaMail team plans to replace Simple Mail Transfer Protocol (SMTP) with the next generation Blockchain Mail Transfer Protocol (BMTP)”

The MulaMail team is edging toward a hybrid system to ensure full message encryption, end-to-end, at rest and in transit, so that even the Company itself would not be able to read messages stored on the network and on the different distributed storage. For performance and end-user cost optimization, all encrypted messages and attachments are stored in local hosts. The system itself will be deployed on a partially centralized database, and decentralized authentication will stand on a public ledger.

Search functionality within an email mailbox is important to end-users. However, indexing without content is difficult. Therefore, to bring in a viable search feature, the team had to resolve what would be indexable. By default, only the content of the message will be encrypted, allowing the subject to remain unencrypted. For those who want full meta encryption, the user can opt to encrypt the subject, therefore giving less flexibility on the search feature. In any case, the sender and recipient(s) will be stored with one-sided encryption at rest.  All data will be end-to-end encrypted in transit. Here is a diagram to illustrate the different behaviors:


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Figure 4. MulaMail States

Monetizing Mula

The Mula platform is to be distributed on freemium/premium/enterprise versions.  A small income is expected from the latter two versions in the form of subscription payments.

However, the blood of the overall ecosystem is the movement of the MulaPay utility tokens, for which ZeU will collect fractional and frictional fees. Certification and audits should bring additional income as well as certain activities within the platform, like gaming and trading of digital assets.

Other Corporate Matters

ZeUPay, the augmented evolution of Prego International Group

The Company is pleased to report that integration planification with Prego International Group is well underway. The companies have established January 18, 2021, as the target date to close the acquisition and corporate integration within ZeU’s new subsidiary, ZeUPay.

ZeUPay will bring custodial and legacy banking support for the Mula Platform as well as ZeU’s other DeFi and Gaming initiatives.  It will offer default legacy KYC and AML coverage for a suite of initiatives without limiting the possibilities to bring third-party augmented compliance offerings for which the Company is actively seeking commercial partnerships.


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Fig. 5 ZeUPay mobile UI


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Fig.6 ZeUPay Data & Money Flow

Ronald Eriksen, CEO of Prego International Group stated : “(…) Prego`s team has been dedicated, both from a management and technical angle, to prepare the integration of our business platform to ZeU (…) We have strong ambitions to provide opportunities for the integrated group to deliver attractive products and services to any customer in the markets we enter (…) Following this, we are convinced that ZeUPay will succeed and produce growing volumes and profits, and in the end this will give our shareholders a significant return on their investments.”

ZeU Financial Situation

In the current fiscal quarter, the Company has earned cash revenues allowing it to cover past development expenses and invoices. It also expects to bring in digital assets that can be monetized to cover continuous development.  Part of these digital assets is related to the Borealis DEX initiative with HTrust and HODLdex.

Core management and directors have suspended taking payments for their compensation since Q2. The Company expects to cover some of these accrued liabilities with a share for debt offering priced at $0.25 before the end of the current year. The Company also expects to issue stock-options for key developers and management. These options are tentatively priced at $0.30.

Frank Dumas, ZeU’s CEO, commented : “(…) The team has done an astounding job of pulling together the various obligations and feedback we have encountered and moulding it into a viable product. In the beginning, it felt insurmountable, but the team persevered and created something beyond my expectation. (…) I fully endorsed the philosophical changes for Mula. In the end, it allows us to offer a stronger product to more people, breaking us out of the ‘blockchain email’ niche and making us a real competitor for certain major players in the industry (…)”.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

Frank Dumas
President & CEO

About ZeU

ZeU is a forward-thinking Canadian technology Corporation which has developed a state-of-the-art blockchain protocol, providing the foundation for the next-generation of crypto networks. Thanks to its high level of sophistication, ZeU’s technology maximizes transparency, security and scalability as well as big data management. ZeU’s strategy is to monetize blockchain transactions in diverse sectors such as payment, gaming, data and healthcare.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.