MonetaPro is a B2B platform that operates as a sell-for-credit exchange. MonetaPro will allow companies to list goods and services for sale at prices they determine. With MonetaPro businesses freely buy and sell goods and services to other businesses across all vertical markets and industries. Instead of receiving cash, sellers receive trade credits, based on the U.S. dollar equivalent.
You can view a MonetaPro presentation here.
These companies use the trade credits (Called GBUCs- Pronounced G-BUCKs) to purchase goods and services from other members of the exchange.
The GBUC acts as a Global Business Usage Credit whereas the GBUC can be used to purchase goods and services within the MonetaPro exchange.
When trade credits are insufficient, cash or a combination of cash and credits may be used.
Members are both buyers and sellers within the exchange.
All Members will be qualified for admittance within MonetaPro based on their ability to deliver goods and services. Trade limits will be in place to ensure trade balances within the system.
MonetaPro’s trade-for-credit system provides immediate financial settlement to members by providing electronic clearing and settlement of transactions.
The MonetaPro platform acts as a central bank and closed loop clearinghouse. All Trade Credits (the GBUC) exists only on the MonetaPro platform.