Decode finance jargon with Kite
Terms starting with M
Showing 12 of 12
Price multiplied by circulating supply. A useful size comparison and a poor measure of how much money is actually in something.
Market capitalisation of a listed company, with the same limitation.
Memo
also called tag, destination tagAn extra reference some networks and exchanges require alongside the address. Leave it off where it is required and the funds land in the right building but not in the right room.
The reference field on a transfer to a pooled client account. The account number gets it to the bank, the reference gets it to you.
Merchant category code
also called MCCA four-digit code describing what a shop sells. It quietly decides which rewards apply, which purchases get blocked, and whether a payment counts as a cash advance rather than a purchase.
The same code doing the same quiet work behind every cashback offer and every declined gambling transaction.
Merchant QR
also called QR payment, scan to payThe printed code taped to a counter that identifies the seller's account. Your app reads it, you approve an amount, and the money is pushed to them. No terminal, no card, no hardware for the merchant to buy.
A payment request rather than a card charge. You push money to them instead of them pulling it from you.
In Kite: Scan and Pay reads the local merchant code and pays straight from your balance. Nothing to load first.
MEV
also called maximal extractable valueProfit extracted by whoever gets to order transactions in a block, by putting theirs ahead of yours. It is why a trade sometimes fills slightly worse than quoted.
Front running, and the co-location arms race that made it a business.
MiCA
also called Markets in Crypto-AssetsThe European Union's crypto rulebook, notable for setting reserve and reporting requirements for stablecoin issuers. It has become a reference point well beyond Europe.
A licensing regime, of the same species as the e-money and payment services rules that came before it.
The smallest amount a service will let you load. It matters more than it sounds: a high minimum forces you to park more money on a card than you meant to.
A minimum deposit, or a minimum reload on a prepaid product.
In Kite: Ours is $0.11, so you are never pushed into loading more than you intend to spend.
MPC
also called multi-party computation, TSS, threshold signaturesA way to split a private key into shares held in different places, so no single share can move money and no single breach can steal it. The shares co-operate to sign without ever being reassembled into one key.
A safe that needs two managers turning two keys at once, except the whole key is never assembled in one room even for a moment.
In Kite: This is how Kite secures your wallet. Keys are split across parties using TSS-MPC, with social login backup so a lost phone is not a lost balance.
Multisig
also called multi-signatureA wallet that needs several approvals before money moves, such as two of three designated signers. Standard for company treasuries and shared funds.
A joint account requiring two signatures, or dual authorisation on a corporate payment.
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