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Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 143. (Read 11048 times)

member
Activity: 154
Merit: 10
Why do you need ico actually? If the business is working already.
full member
Activity: 238
Merit: 100
Hi, what currencies can I use to buy a token?

Hello, there!
You can use Ethereum , Bitcoin and Bank transfer (SWIFT / SEPA):in USD / EUR / GBP
member
Activity: 244
Merit: 10
Hi, what currencies can I use to buy a token?
full member
Activity: 238
Merit: 100
Hi there, do you have any actual product?

Yes, we have a working version of the application.
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

Also we already own unique card solutions packed with a range of state of the art mobile banking services. In addition, easy-to-use free of charge mobile Bank4You app, created by a team of experienced fin-tech specialists.
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Activity: 146
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Hi there, do you have any actual product?
full member
Activity: 238
Merit: 100
On the 23d of November COO Paul Griffith showcased the MMRS in front to blockchain experts (including investors and local politics) at GCC Blockchain Conference in Dusit Thani, Dubai. Watch our report: https://youtu.be/gqDzndniqXY
full member
Activity: 238
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hi
I hope this project will be successful soon

Thank for your appreciation. Stay tuned
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Activity: 238
Merit: 100
I read it and I am interested in the token system MMRS which is shared with the local currency of the countries of the user country of the system, which enables fast, reliable and inexpensive shipping of state and continental lids

You are welcome ! If you want to join our ICO you need to register here :
https://bank4you.io
https://cabinet.bank4you.io
full member
Activity: 420
Merit: 101
I read it and I am interested in the token system MMRS which is shared with the local currency of the countries of the user country of the system, which enables fast, reliable and inexpensive shipping of state and continental lids
full member
Activity: 238
Merit: 100
Morning, guys.
I wonder if you have an escrow? Basically, how do you protect very vulnerable information applicants for your service put in? I mean will it be safe for us to send and withdraw money?

Hello, no, we do not need escrow.
To protect precious and vulnerable information, we will use blockchain based smart contracts, so that will be safe enough. We have been dealing with financial safety long enough.
To provide customers with accurate lending mechanism it is offered to transfer the mechanism of credit history on Blockchain. In order to avoid disclosure of private data no personal user’s information will be stored in the Blockchain, just the biometric information protected by cryptographic means. The user will voluntarily provide it in order to receive lending assets or access transaction history connected with the
digital identity of the real person. The benefit of the system is knowing it is impossible to obtain any information on the transaction history of a specific person without possessing their biometric data, thus protecting users against any malefactors. It is indeed very difficult to counterfeit biological identifiers.
member
Activity: 196
Merit: 10
Morning, guys.
I wonder if you have an escrow? Basically, how do you protect very vulnerable information applicants for your service put in? I mean will it be safe for us to send and withdraw money?
full member
Activity: 238
Merit: 100
Throughout the paper and website it is mentioned that your system is mobile. How to know which mobile operators you are working with worldwide?

Mobile means that we work with mobile operators, that is correct. One of the biggest concerns for most people travelling to another country for extended periods is how to obtain access to banking services without the need to be a resident of that country. Bank4You Group makes it really easy for visitors to make in-country as well as cross-border payments, without the need for proof of residency or a local bank account. Its secure money transfer is based on use of state-of-the-art mobile app.
Our partners are Orange, Teletalk, Telenor, Airtel, Nar, Singtel, Veon, Bakcell, Bangalink, Robi. We also always are open to new partnership, therefore range of operators we work will be growing.
member
Activity: 140
Merit: 10
Throughout the paper and website it is mentioned that your system is mobile. How to know which mobile operators you are working with worldwide?
full member
Activity: 238
Merit: 100
I didn't really get it, the application for new loan will be refused in what case? Or at all? Did you mean that one loan will be applicable only? Can I do both, use your system for loan and the same time send borrowed amount through your system to other user for remittance?

The new application will be declined if smart contract contains information about improper loan installment payments by person.
Surely, you can do both, to take loan and send it to someone else. Moreover, you can withdraw the amount borrowed by your own self, too.

member
Activity: 204
Merit: 10
I didn't really get it, the application for new loan will be refused in what case? Or at all? Did you mean that one loan will be applicable only? Can I do both, use your system for loan and the same time send borrowed amount through your system to other user for remittance?
full member
Activity: 238
Merit: 100
Hello. I have a question about loans that users can receive from the company, too? Is that really so? How would you identify the borrower and confirm the identity? Will taking a loan from you help a person later since that would be kinda credit history already?

Yes, that's true. We understand importance of the correct identification and will do the following.
To provide customers with accurate lending mechanism it is offered to transfer the mechanism of credit history on Blockchain. In order to avoid disclosure of private data no personal user’s information will be stored in the Blockchain, just the biometric information protected by cryptographic means. The user will voluntarily provide it in order to receive lending assets or access transaction history connected with the
digital identity of the real person. The benefit of the system is knowing it is impossible to obtain any information on the transaction history of a specific person without possessing their biometric data, thus protecting users against any malefactors. It is indeed very difficult to counterfeit biological identifiers. There is a plan to create a Blockchain that would store the crypto currency loan credit history of those who voluntarily provide this information. Bank4YOU Group’s aliated agents/ partnering organizations will be able to make records on Blockchain. In other words, an initiation of the smart contract in which the next information will be specified.
Does that mean proposed blockchain will keep such information like fingerprints? Personally, I am not sure if that would be enough because we all know fingerprints can be made up. What exactly is that biometric data you are talking about?
And what else will be included in the smart contracts along with biometric data? Whom will it be available?

Smart contracts will have the following information about borrower:
- Amount of loan
- Address of creditor
- Credit interest rates
- Series of loan charges
- Unique biometric indicator of borrower

The smart contract checks whether payments are made fully and in time to the creditor. If payments are made according to stipulated conditions, the borrower's credit score is automatically raised or in the opposite case it is reduced. In case the borrower attempts to apply for new credit, they would be refused. Provided biometric data allows to unambiguously identify the person’s credit history, the reverse procedure is impossible. Credit history cannot be associated with a person due to the realization of unique biometric
identifier.

The unique biometric identifier consists of a person’s scanned eye retina and scanned fingerprints. These indicators allow for quick and reliable identification of each person in the world. This feature does not require provision of any passport data as it is subject to just minor mistakes. The only problem lies in the compatibility with the existing standards of know your customer procedure.
member
Activity: 252
Merit: 10
Hello. I have a question about loans that users can receive from the company, too? Is that really so? How would you identify the borrower and confirm the identity? Will taking a loan from you help a person later since that would be kinda credit history already?

Yes, that's true. We understand importance of the correct identification and will do the following.
To provide customers with accurate lending mechanism it is offered to transfer the mechanism of credit history on Blockchain. In order to avoid disclosure of private data no personal user’s information will be stored in the Blockchain, just the biometric information protected by cryptographic means. The user will voluntarily provide it in order to receive lending assets or access transaction history connected with the
digital identity of the real person. The benefit of the system is knowing it is impossible to obtain any information on the transaction history of a specific person without possessing their biometric data, thus protecting users against any malefactors. It is indeed very difficult to counterfeit biological identifiers. There is a plan to create a Blockchain that would store the crypto currency loan credit history of those who voluntarily provide this information. Bank4YOU Group’s aliated agents/ partnering organizations will be able to make records on Blockchain. In other words, an initiation of the smart contract in which the next information will be specified.
Does that mean proposed blockchain will keep such information like fingerprints? Personally, I am not sure if that would be enough because we all know fingerprints can be made up. What exactly is that biometric data you are talking about?
And what else will be included in the smart contracts along with biometric data? Whom will it be available?
full member
Activity: 238
Merit: 100
Hello. I have a question about loans that users can receive from the company, too? Is that really so? How would you identify the borrower and confirm the identity? Will taking a loan from you help a person later since that would be kinda credit history already?

Yes, that's true. We understand importance of the correct identification and will do the following.
To provide customers with accurate lending mechanism it is offered to transfer the mechanism of credit history on Blockchain. In order to avoid disclosure of private data no personal user’s information will be stored in the Blockchain, just the biometric information protected by cryptographic means. The user will voluntarily provide it in order to receive lending assets or access transaction history connected with the
digital identity of the real person. The benefit of the system is knowing it is impossible to obtain any information on the transaction history of a specific person without possessing their biometric data, thus protecting users against any malefactors. It is indeed very difficult to counterfeit biological identifiers. There is a plan to create a Blockchain that would store the crypto currency loan credit history of those who voluntarily provide this information. Bank4YOU Group’s aliated agents/ partnering organizations will be able to make records on Blockchain. In other words, an initiation of the smart contract in which the next information will be specified.
member
Activity: 252
Merit: 10
Hello. I have a question about loans that users can receive from the company, too? Is that really so? How would you identify the borrower and confirm the identity? Will taking a loan from you help a person later since that would be kinda credit history already?
full member
Activity: 238
Merit: 100
Is there any kind of incentives for inviting other people to the project? Will it be one time incentive payment or bonus?
Is it okay to keep bonuses and then use them at once but in a large amount?

We have referral programme, it  works by means of distribution of a referral code and provides fixed remuneration at a rate of 40 BFY. The main condition should be followed such as there should be BFY tokens purchased during the ICO campaign on the user's account. The one who sent and the one who activated the referral BFY code will receive bonus at a rate of 20 BFY each and referral tokens will be granted after the end of ICO only to those who made an investment and will be sent to the user's Bank4YOU wallet.

As for the bonuses, her we go.
In case if one wishes to purchase BFY via fiat money, there’ll be provided an additional 5% bonus. These currencies are accepted during the ICO: BTC, ETH, GBP, USD, EUR.
Special Packages have been designed for those purchasing 5000 tokens (Standard Package) and 15000 tokens (Premium Package). Corporate card and Premium card respectively will become our gifts to devoted investors.
bonuses are also distributed during ICO:
Pre-sale: +20% bonus
1st round: +15% bonus
2nd round: +10% bonus
However, third round won't offer any bonuses.
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