[ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 9.

Dxlike

member

Activity: 210

Merit: 10

Quote from: Bank4YOU_Group on March 05, 2018, 06:09:46 PM

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.

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

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: elzyo8 on March 05, 2018, 04:56:15 PM

Quote from: Bank4YOU_Group on March 05, 2018, 04:34:42 PM

Quote from: Destined2bGreat on March 05, 2018, 04:23:52 PM

Hello! I`ve read about microloan feature in this thread. Why do you need this feature?

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 goint 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.

elzyo8

member

Activity: 215

Merit: 10

Quote from: Bank4YOU_Group on March 05, 2018, 04:34:42 PM

Quote from: Destined2bGreat on March 05, 2018, 04:23:52 PM

Hello! I`ve read about microloan feature in this thread. Why do you need this feature?

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 goint to store personal data?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: Destined2bGreat on March 05, 2018, 04:23:52 PM

Hello! I`ve read about microloan feature in this thread. Why do you need this feature?

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.

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: krupinkripto on March 05, 2018, 03:30:57 PM

чeм oтличaeтcя вaшa кoнцeпция oт Epayments - плaтeжнaя cиcтeмa?
What is the difference between your concept and Epayments - payment system?

Hello! We provide remmitance system, not payment system or a wallet. 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.
MMRS will provide fast, cheap, international remmitances. Epayments is a wallet, payment system with regular bank transfers, which are not fast, not cheap and might not work in Africa, Asia, and Latin America and not for unbanked people.

Destined2bGreat

member

Activity: 197

Merit: 10

Hello! I`ve read about microloan feature in this thread. Why do you need this feature?

krupinkripto

newbie

Activity: 1

Merit: 0

чeм oтличaeтcя вaшa кoнцeпция oт Epayments - плaтeжнaя cиcтeмa?
What is the difference between your concept and Epayments - payment system?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: yahman on March 04, 2018, 01:48:12 PM

Which type of token is BFY? And which wallet do i need to keep tokens on it?

BFY Token Allocation is presented on the figure above:
ICO Token Sale Campaign - 80%,
Ecosystem Reserve - 10%, Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%.
Minimal amount of investment is USD $100.00
Payment Methods: BTC, ETH, GBP, USD, EUR
Jurisdiction: UK
Algorithm: Ethash / Token ERC20 / Asset
Total Supply: BFY 300,000,000

yahman

member

Activity: 257

Merit: 10

Which type of token is BFY? And which wallet do i need to keep tokens on it?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: banivur on March 04, 2018, 01:09:48 PM

Where you are headquatered?

Bank4YOU Group Established in 2013 and headquartered in London, UK, Bank4YOU in 2016 has transformed into Bank4YOU Group, an international consortium of fin-tech service companies operating successfully within the electronic mobile payment services arena. FCA License No715451, issued by Financial Services Authority, UK grants the right to provide credits.

banivur

member

Activity: 168

Merit: 10

Where you are headquatered?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: HP Guy on March 04, 2018, 01:01:29 PM

How can I buy MMRS or BFY coins?

You can start from signing up at https://cabinet.bank4you.io/login
You can participate in our ICO bying BFY tokens. We accept ETH, BTC and USD/EUR/GBP via bank transfer.
1 BFY = $0,21 The exchange rate in case of payment in BTC, ETH is fixed at the market level (in US dollars for unit of crypto currency) on the date of receipt of the payment. The minimum sum of BFY tokens to purchase is 500 BFY.

HP Guy

newbie

Activity: 163

Merit: 0

How can I buy MMRS or BFY coins?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: niazzy on March 04, 2018, 12:55:43 PM

What the actual problem this project will solve?

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.

niazzy

newbie

Activity: 172

Merit: 0

What the actual problem this project will solve?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: MakesMe on March 04, 2018, 11:58:55 AM

Which bonuses can you offer?

We have bundle bonuses right now:
Buying tokens for 2000 USD and more, you get +5% BFY.
Buying tokens for 10000 USD and more, you get +6% BFY
Buying tokens for 20000 USD and more, you get +7% BFY
Buying tokens for 100000 USD and more, you get +12% BFY
Please see at our website https://bank4you.io/, red tag on the right

MakesMe

member

Activity: 172

Merit: 10

Which bonuses can you offer?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: yahman on March 04, 2018, 12:31:54 AM

Hello! What will be your remmitances fees?

The fee is the one on Ethereum network. This makes it possible to offer lower fees, even when compared to the mobile money technology (for example, M-PESA charges a fiat fee of $0.40 for P2P remittances and a withdrawal fee of $0.33 for withdrawals under $33), especially if there is no need for an instant execution of the transaction. In the event of increasing the transaction confirmation time to five minutes, the fee is significantly reduced. The remittance price in a public Blockchain Ethereum is much lower than that of any of the systems under consideration.

yahman

member

Activity: 257

Merit: 10

Hello! What will be your remmitances fees?

Bank4YOU_Group

member

Activity: 196

Merit: 10

Quote from: Dxlike on March 03, 2018, 10:56:39 PM

Quote from: Bank4YOU_Group on March 03, 2018, 08:53:53 PM

Quote from: elzyo8 on March 03, 2018, 08:22:01 PM

Hello!
Nice idea you have! Please explain advantages your token give tokenholsers?

Thanks for your question!
BFY token grants the right to receive:
1. Part of total group companies income up to 1% received from loan products implementation.
2. 2.5% discounts for purchasing MMR token.
3. 1% of income by group of companies of mobile money remittances total turnover.

Can you share details of item 1?

Part of total group companies income up to 1% received from loan products implementation, 1% of income by group of companies of mobile money remittances total turnover is divided between tokenholders.
Please see page 23-24 of our WP http://bank4you.io/docs/Bank4YOU_MMRS_WP_EN.pdf , you can find the actual formula of calculating holder’s award during payment period, which is 1 quarter of a year.

Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 9. (Read 11025 times)