What a bank record cannot do
A bank’s credit record is locked to one institution in one country. It cannot be read by a lender abroad, it cannot be checked by the person it describes, and it disappears from view when that person moves.What the onchain record does
You own it
You own it
The record is tied to your account, not to Matocard’s database. If Matocard disappeared tomorrow, every repayment would still be on Monad.
Anyone can verify it
Anyone can verify it
Your public page shows your score, settled cycles and every transaction behind them. A lender in Indonesia can check it without asking Matocard. No name or document number is ever published.
Every limit can be recomputed by hand
Every limit can be recomputed by hand
The score, the collateral ratio and the limit are computed by the contract from onchain figures, with integer maths. See Credit score for the formula and worked examples.
Money arrives while you are still on the call
Money arrives while you are still on the call
Settlement is final in under a second. A draw to your mother’s account shows on her phone straight away.
Why Monad
- Fast: a block about every 0.4 seconds, so a send feels instant.
- Cheap: a transaction costs a fraction of a cent, so Matocard can pay users’ fees by giving each verified account a little MON once, instead of running a paymaster.
- EVM: standard Solidity, OpenZeppelin, Foundry and viem, so the contracts are easy to audit and the tooling is mature.