is incredible
Mr. Kai, CEO of ZeroBank
According to Kai Yee, who has more than 25 years of experience in the international money transfer and was the former senior manager at international monetary organizations such as United Financial Group, Paypal, Western Union and Transfast and now is the co-founder and CEO of ZeroBank, considered blockchain applications in the financial and banking sector as an inevitable scenario; banks are beginning to apply this technology to bring benefits to customers, reduce costs and time to check and carry out transactions, especially international or inter-bank transactions to enhance transparency.
He also said that the ZeroBank project is an example of this technology application when it is a platform to connect users via non-commercial money transfer and currency exchange services, enabling transactions to be carried out in the global scale immediately through a Peer-to-Peer system based on the combination of blockchain technology, smart contracts and sharing economy system. The ZeroBank platform allows the senders and the currency exchangers to carry out direct transactions at any time, at the lowest cost through the removal of high cost and complication of the traditional system applied by intermediaries like banks and money transfer companies today.