Has anyone used the MTrac iPhone app? I have. Here are my thoughts:
First thing I did was set up a link to a credit card. Then went to deposit $10 bucks into my wallet. All credit/debit card deposits come with a 3% transaction fee. Said ok, transaction complete. Then checked my credit card activity and listed was a $10.30 charge from GREENBOX POS LLC. So it seems, Greenbox receives the initial revenue and MTrac must benefit solely from the increased value of a 4% Equity Stake in GRBX.
Next step,
So I decided I wanted to test sending money to another wallet. Asked a friend to get the MTrac wallet by inviting him via their app. Went to "find friends" in the MTrac app, and sent an invite to him. He receives a text message from a number instructing him to click a link or download the app QuickCard! not the MTrac app.
So I figure, this must mean that both apps are on the same blockchain and can send money to each other. Told my friend to go ahead, install the QuickCard app. Never could get him to show up as a friend I could send money to using the MTrac app. Once he downloaded the Mtrac app however, he promptly showed up and I could send him money. We did send and request money transactions between each other using my $10 deposit and it was instant between wallets...and no fees for these transactions.
The thing is, both apps use the same number to process authentication, transaction notifications, and friend invites. But the friend invites point potential new users of the MTrac wallet to the Quick Card app instead. This could cause adoption of the MTrac platform to stumble.
They need to address this matter quickly because if we only have 1 year of exclusivity with GreenBox, we need to focus on increasing the value of our 4% equity stake while promoting MTrac as the "Premier Platform" using GreenBox's patented blockchain. Or else wouldn't we consider this a failure to exercise the exclusive rights we have on sales and marketing of GreenBox in North America, if only for only a short term?
Other things to note:
-The camera the app uses to take a picture of a "government-issued" id card and create your account is kinda unintuitive. Could be enhanced to auto-snap the picture once the id fits in the frame and the image sharpens to where the print is legible.
-The MTrac app on the iPhone 6 at least, does not seem to send your phone any notifications. There's an in-app notification that appears but it doesn't hit the iOS. We tried enabling "push notifications" in app settings and changed the phone's settings to enable it but nothing worked. All notifications come via the same number used for authentication and friend invites.
-Also, the text received from a friend invite does not say anything about who sent it. So the text could seem kinda sketchy if a friend didn't tell him about it before receiving it. Or allow the sender of the friend invite to provide a comment.
