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Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 92. (Read 11074 times)

member
Activity: 164
Merit: 10
What is the principal difference between your product and the other solutions that are gradually being introduced to the market? Do you know your competitors?
member
Activity: 196
Merit: 10
Now that you are in bank business, what more of bank services do you offer? Anything special?

One of Bank4YOU Group’s core services is TaxFree4U, a VAT refund mobile app available to non- EU customers shopping in Europe. An international network of local offices supports this service, provided on behalf of seven major partners in Europe, Middle East, and Asia. It offers the highest VAT refunds on purchases made within Europe, with the money credited into the customer’s account within 48-hours of presenting the necessary documentation
member
Activity: 146
Merit: 10
Now that you are in bank business, what more of bank services do you offer? Anything special?
member
Activity: 196
Merit: 10
What if I want to come with my friends and invest in your project? Will you give us any bonus or the kind?

You can take use of our referral program. 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.
member
Activity: 164
Merit: 10
What if I want to come with my friends and invest in your project? Will you give us any bonus or the kind?
member
Activity: 196
Merit: 10
Why blockchain? Don’t you think that with many discussions for restrictions for crypto currencies in the world your project may have restrictions in itself?

The technological advantage of the Blockchain network solutions lies in the fact that they do not require a representation in a country, or the availability of a legal framework for their presence in order to function as a means of payment in that country. Restrictions in the form of a ban will create a black market for other electronic payment means, which is likely to complicate their use, but will not stop it completely. Technologically, a blockchain solution can only be banned by completely banning network communications at the transport level. Such advantages of that technology provide a huge potential for creating open markets without borders.
member
Activity: 131
Merit: 10
Why blockchain? Don’t you think that with many discussions for restrictions for crypto currencies in the world your project may have restrictions in itself?
member
Activity: 196
Merit: 10
So the high fees by bank are the problem that you solve for your customers. Or maybe there are any other benefits that you give to your customers?

According to the McKinsey Global Institute report, for the free functioning of the remittance system both within and outside a country, there is a strong need for the absence of restrictions on part of the financial regulator of that particular country (the central bank), along with the availability of open markets.
member
Activity: 98
Merit: 10
So the high fees by bank are the problem that you solve for your customers. Or maybe there are any other benefits that you give to your customers?
member
Activity: 105
Merit: 10
Hello. Where can I see any articles in social media about your project? Please give me some links.
member
Activity: 196
Merit: 10
How can I withdraw money? Local currency, I suppose, or any other possibilities?

Mobile account balance funds withdrawal is in local currency of partnering mobile network operator or in MMR tokens.
member
Activity: 84
Merit: 10
How can I withdraw money? Local currency, I suppose, or any other possibilities?
member
Activity: 196
Merit: 10
In what country are you legally registered? Are there any state databases where can I view this information?

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.
member
Activity: 126
Merit: 10
In what country are you legally registered? Are there any state databases where can I view this information?
member
Activity: 196
Merit: 10
How is your system better than traditional bank system? What if people do not use it often? Maybe your project will not be of much use?

In most developing countries remittances are now the largest source of external financing and, for some, this can account for as much as a third of GDP. According to some reports more than one-third of global respondents are said they are highly likely to transfer money to, and/or receive money from, another person using their mobile device in the next six months. Bank4You Group’s sophisticated platform is capable of supporting an unlimited volume of remittance flows between countries. In a move away from traditional remittance channels, the service would allow under-served consumers to benefit from a much more affordable, convenient and secure mobile money remittance service.
member
Activity: 84
Merit: 10
How is your system better than traditional bank system? What if people do not use it often? Maybe your project will not be of much use?
member
Activity: 196
Merit: 10
What are the benefits for me if I use your project when transferring money? What is the benefit for your local partners, cause we know in business everybody has to be interested?

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.
member
Activity: 84
Merit: 10
What are the benefits for me if I use your project when transferring money? What is the benefit for your local partners, cause we know in business everybody has to be interested?
member
Activity: 154
Merit: 10
Hello.
If I have problems using the service, is there a hotline?
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