Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 139. (Read 11048 times)

Will proposed system have more advantages than others?

But the blockchain idea is about publicity not privacy, isn't it?

In our model we took into account the international experience in this issue and made a state of art application that will allow account balance funds withdrawal in local currency of partnering mobile
network operator or in MMR tokens. Even if there are any restrictions to it, it can be done this way in the majority of the civilized countries.
With the help of blockchain technology we can also take law aspects into consideration.

The number of emitted tokens is 300.000.000 BFY and  80% of the whole sum will be sold during ICO . The project will be fulfilled regardless of the amount collected. Tokens will be distributed according to the amount collected. Shareholder will continue the project on his own funds, regardless of the ico results.

Such a project certainly has a lot of competitors. Do you afraid of failure?

How many BFY tokens will be sold during the ICO? And what will be with unsold ones?

Bank4YOU Group plans to open wholesale accounts with mobile network operators negotiating maximum
discounts against guaranteed airtime purchases of $200,000 to $500,000. Operators will also
benefit from increased subscriber activity as new customers join as a result of Bank4YOU Group’s local
marketing activities. The service will support intra-operator transfers so individuals on different networks
can still engage with each other using their Bank4YOU mobile wallets. Customers would be able to
transfer money to other countries with minimal commission fees and without being at the mercy of
restricted opening hours or the challenges faced when dealing with traditional financial institutions.
Business users will also have the opportunity to reduce their transaction costs and potentially execute
free payments to their suppliers.

"We have working TaxFree4U app that provides the service in the following countries:
France
Germany
Italy
Spain
United Kingdom
Finland

You can download the application at this link:
https://itunes.apple.com/ua/app/bank4you/id1069036395?l=ru&mt=8
https://play.google.com/store/apps/details?id=uk.bank4you.client"

This funding is required to support the company’s expansion into new markets and to develop enhanced services (including consumer micro-loans and the incorporation of Bitcoin and other crypto currencies within its money transfer services). It is expected to drive exponential customer growth, and the company believes it will have a significant positive impact on its market value.

how can this compete to Western union or other cash service ?

In what countries I can use app for this moment?

Yes sure it will be send to you via post service .

The arrangement of a private Blockchain system may even still further (in comparison with a public Blockchain one) lower the remittance fees within the network 24 It is proposed to organize a private Blockchain system as follows: the virtual Bank4YOU Group’s divisions (private nodes) will serve as nodes for transaction verification within the consortium of Organizations participating in the system of international payment transfers. They will provide fast and cheap validation of transactions made by other network members. It is assumed that as the popularity of the system grows, mobile operators will have an economic incentive for placing the peer-to-peer nodes of the system in their data centers. This can significantly reduce the transaction costs associated with money circulation.
In order for participating peers to be convinced of the unfalsifiable nature of the data inside the private Blockchain system, it is proposed to record reference points into the public Blockchain systems (Bitcoin, Ethereum). Any member of the system will therefore be able to verify at any time the data stored in the system. A private Blockchain system makes it possible to renounce the deployment of an expensive IT infrastructure for financial transfers while ensuring the necessary level of trust between the consortium entities

The main component of the MMRS is a system of tokens tied to local currencies of the countries of system user’s countries, which enables fast, reliable and cheap remittance of values across the borders of states and continents. Operating such tokens makes it possible to increase the user trust in the system providing the simplest and the most understandable mechanism for converting fiat currencies into electronic ones. The issue of tokens occurs only on condition of the fiat money being brought into the system, which is intended to ensure the stability of the exchange rate.

Bank4YOU Group’s ‘Mobile Money Remittance System’ will set a new trend in international money transfers
and will contribute to the creation of fast, convenient, and secure money transfers worldwide.
The mobile app will also enable financial  inclusion for people who are in desperate need of easy access to
financial services in countries across Africa, Asia, and Latin America. It would also lead to new opportunities
for businesses, financial institutions, and mobile network operators to use crypto currencies.

How will the investment in your project help to investor?

If I get enough tokens for card4you, then how can I get it? via post?

What do you mean saying "With implementation of private blockchain..." R U going to design your own platform or what?

Can I just transfer money from your app to my friend, do not buy tokens and etc.?

What this project is trying to solve?