M10 looks to revolutionize the global payments market

Have you ever tried to transfer money internationally only to learn the entire process could take days? Founder and CEO Marten Nelson, a serial entrepreneur who is now in his 3rd company, and his team at M10 are working to solve this problem through innovative technology that provides a safe and regulatory compliant solution to transfer and settle funds instantly between countries 24/7. Their elegant solution decreases settlement time by 172,000 times, which lays out a new path of profit for commercial banks in this time of low-interest.

To accomplish such a feat, M10 is using a purpose-built blockchain that fully avoids the problems of stablecoins, while providing a scalable platform that reduces the payment costs for banks by 3 times. This system supports any type of Central Bank Currency, and can also modernize payments in a 2-tier monetary system. With such an adaptable technology, M10 gives central banks full flexibility in managing their monetary policy.

Due to the nature of being built on blockchain, the digital money platform includes a centralized, shared hierarchical ledger. This ledger creates an environment in which all banks and their corresponding customers have digital money on the ledger, but do not individually have their own ledger. Since all accounts are present in the same environment, money is able to transfer instantly between accounts, enabling instant debits and credits. Also, by using an account-based system, M10 enables support for offline payments—a unique differentiation from their competitors.

M10 is built with the highest security in mind. The ledger guarantees immutability across all transactions since each transaction is digitally signed. The system is encrypted end to end using public-key cryptography that ensures the most secure and trusted computing environment while also allowing for millisecond latency and a max TPS (Transactions Per Second) of upwards of a million. At the system level, instead of using a language like C or C++, M10 opted to use Rust, a statically and strongly typed language that offers similar speed to C and C++ but ensures memory safety. Rust obtains this safety by using an affine type system to track the ownership of each value stored in memory. In essence, a value can only be used once which helps avoid the common double-free error that is regularly encountered while using other system languages. This error occurs when a memory block is released or deallocated and called more than once using the same memory address which can lead to a memory leak.

With M10s innovative technology and low-cost solution for international payments, Samudra Pacific believes M10 has the capabilities to tap into the 184 billion dollar digital currency payments market.