Monolith, the decentralized bank on Ethereum

Monolith is proposed as l'Decentralized banking alternative based on Ethereum.

Thanks to Monolith you can connect your wallet to decentralized applications (dApps) without giving up the ownership of the tokens.

Indeed, it is a contract wallet non-custodian, open source and 100% decentralized, which allows users complete control of their funds. Storing tokens in a smart contract, which can be controlled and configured, can offer greater security, because it is like distributing your funds on the network Ethereum.

In addition, for example, it allows you to set daily sending limits, or a whitelist of addresses to which you can send them and also allows the use of device biometrics to securely sign transactions.

However, the main use of Monolith is the Visa, which allows to exchange tokens based on Ethereum in fiat currency and spend them all over the world wherever Visa payments are accepted.

The fees on payments have been reduced to a minimum, and there are no installation costs, no activation fees, or commissions for the points of sale. The only existing commission is on the top-up, between 1% and 2% depending on the token used.

The wallet supports all ERC-20 tokens fully compliant with the standard, while it is possible to recharge the card with ETH, USDC, DAI, TKN, MKR, GUSD, DGX, KNC, RLC, and DGD.

Monolith cards are combined with the non-custodial contract wallet for maximum security. In fact, in this way the user himself is the only one who controls the funds stored in the contract wallet combined with debit cards.

Eidoo on Monolith

In addition, other wallets are also being integrated. In a recent Twitter poll 58% expressed their preference for Eidoo, as the next wallet to be integrated, against 23% of Status, 14% of Gnosis Safe and 5% of BRD.

The Monolith collective believes that we can exploit the "transcendental power of Ethereum" and its growing economy to challenge the current status, in particular by allowing the development of a new society thanks to decentralization.

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