[ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 7.

Bank4YOU_Group

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Activity: 196

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Quote from: yahman on March 08, 2018, 07:45:47 PM

Hello! Is it gonna be a smart-contract for loans? Or how will you store it in blockchain?

Yes, a smart contract.
An initiation of the smart contract in which the next information will be specified:
- 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.

Bank4YOU_Group

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Activity: 196

Merit: 10

Quote from: banivur on March 08, 2018, 07:17:15 PM

Quote from: Bank4YOU_Group on March 08, 2018, 07:02:22 PM

Intending to provide convenient and fast mechanism for providing consumer credit financing based on money transfer platform, we give customers an opportunity to arrange smartphone credit for friends and
family.

How will it be made? How are you going to store personal data?

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.

yahman

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Activity: 257

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Hello! Is it gonna be a smart-contract for loans? Or how will you store it in blockchain?

banivur

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Activity: 168

Merit: 10

Quote from: Bank4YOU_Group on March 08, 2018, 07:02:22 PM

Intending to provide convenient and fast mechanism for providing consumer credit financing based on money transfer platform, we give customers an opportunity to arrange smartphone credit for friends and
family.

How will it be made? How are you going to store personal data?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: HP Guy on March 08, 2018, 06:19:42 PM

Quote from: Bank4YOU_Group on March 08, 2018, 06:01:35 PM

Micro-crediting system

What`s that feature all about?

Intending to provide convenient and fast mechanism for providing consumer credit financing based on money transfer platform, we give customers an opportunity to arrange smartphone credit for friends and
family.

HP Guy

newbie

Activity: 163

Merit: 0

Quote from: Bank4YOU_Group on March 08, 2018, 06:01:35 PM

Micro-crediting system

What`s that feature all about?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: dakszmey on March 08, 2018, 05:54:33 PM

Who would you consider as your competition and how you plan on beating them?

Hello!
Many companies which provide money remittance can be considered as competitors ( like Western Union, WorldRemit ). To respond to these competitors , users will be provided with:
- Lower money remittance fees than what compatible services offer.
- As low volatility as possible of the means of payment.
- Simplicity of conversion into other means of payment and B2C interaction, which implies:
Wide network of existing agents capable of cashing out a payment tool or, conversely, accepting cash in exchange for electronic money (more convenient to handle and/or to transport) Bank4YOU Group plans to develop the business in the countries with already formed market of mobile money, hence the expenses connected with creation of dealer and agency networks won’t incur.
Possibility of automatically converting one payment tool into another means of payment – mobile money and at electronic money.
Possibility of buying/selling goods and services using a means of payment
Micro-crediting system

dakszmey

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Activity: 138

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Who would you consider as your competition and how you plan on beating them?

Bank4YOU_Group

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Activity: 196

Merit: 10

Quote from: MakesMe on March 08, 2018, 05:40:36 PM

Hello! Are you different from Ripple and Stellar? they work with banks too

We are very much different from them. We do not just provide a crypto asset. We provide a mobile money remmitance service. 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. Take time to study our project more closely, and you`ll see for yourself.

MakesMe

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Activity: 172

Merit: 10

Hello! Are you different from Ripple and Stellar? they work with banks too

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: JoniPopens on March 08, 2018, 10:11:56 AM

Hello, tell me please, I accidentally filled out the form 2 times in the table there is my video one after another, what should I do?

Thank you for filling out the form and making a video!
For further questions on bounty you are welcome on bounty thread
https://bitcointalksearch.org/topic/bounty-mmrs-money-transfer-and-cash-withdrawal-on-blockchain-2659330

JoniPopens

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Activity: 182

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Hello, tell me please, I accidentally filled out the form 2 times in the table there is my video one after another, what should I do?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: sartredd on March 08, 2018, 12:21:08 AM

Which benefits can you offer for travelers?

Hello!
We have two cards:
Bank4YOU Card has been designed for individuals, who don’t want or don’t have a possibility to obtain a foreign bank account. The card can be used to withdraw funds globally. Ideal option for frequent travelers and students.
Bank4YOU Card Premium is a perfect card for exceptional customer experience. Best set of features capable to satisfy most demanding clients along with premium VAT refunding option.

sartredd

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Activity: 140

Merit: 10

Which benefits can you offer for travelers?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: johnwayne33 on March 08, 2018, 12:15:32 AM

Hi, US citizen still can't buy your token?

Hi. No, they can't. According to the US legislation, neither a citizen nor a permanent resident of US, Puerto Rico, Virgin Islands and other territories under the US jurisdiction are not able to join Bank4YOU Group’s ICO. Both China and South Korea forbid their residents to take part in ICO campaigns. Also, our understanding is that the sale of BFY tokens in Singapore would require obtaining a prior authorization from Singapore financial regulator.

johnwayne33

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Activity: 188

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Hi, US citizen still can't buy your token?

Bank4YOU_Group

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Activity: 196

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Quote from: Muo on March 07, 2018, 09:07:17 PM

Hello
Do you have bounty? How can i participate?

Please take a look at the terms at our bounty thread
https://bitcointalksearch.org/topic/bounty-mmrs-money-transfer-and-cash-withdrawal-on-blockchain-2659330

Muo

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Activity: 236

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Hello
Do you have bounty? How can i participate?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: elitemom on March 07, 2018, 08:58:50 PM

When this token come on any exchange now? Will I receive any information email or any notification on it?

Hello!
The tokens will go to exchanges after the end of ICO, after March 31. Please stay tuned and you will not miss it.
Here are useful links with fresh news from our project :

Official site https://bank4you.io/index.html
Telegram - EN https://t.me/Bank4YOUGroup
Facebook https://www.facebook.com/Bank4YOUGroup
Twitter https://twitter.com/Bank4YOUGroup
Bitcointalk ANN https://bitcointalk.org/index.php?topic=2473174.new#new
Blog / Medium https://medium.com/@Bank4youGroup
LinkedIn https://www.linkedin.com/company/27007303/
Reddit https://www.reddit.com/r/ethtrader/comments/78o1ex/bank4you_ico_launching_their_bfy_token_10262017/
Github https://github.com/Bank4YOUGroup/BFYContracts

elitemom

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Activity: 174

Merit: 10

When this token come on any exchange now? Will I receive any information email or any notification on it?

Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 7. (Read 11070 times)