ZeroBank launches a breakthrough platform in the area of cross-border currency conversion, pioneering the use of blockchain technology, smart contract and shared economy ).
I. What is ZeroBank?
ZeroBank can break traditional transfer models and conversions. The project is currently addressing the challenges of the cross-border remittance market, and by offering a viable solution, ZeroBank can promptly and quickly receive money.
ZeroBank is a groundbreaking platform designed to serve peer to peer transfers, directly and quickly across the country. This is a blockchain, smart contract combined with a shared economic model, ZeroBank completely eliminates the barriers commonly seen in conventional multinational transactions and promises to be a major step in national currency transactions. .
Through ZeroBank, depositors and money changers can conduct direct peer transactions at any time, anywhere, through a large network of resellers in the community. Users will only be charged the lowest conversion fee due to ZeroBank eliminating all intermediaries at high costs such as banks, companies providing international money transfer services.
1.1 ZeroBank idea
According to ZeroBank, three Cs are shattering the way money transfer markets operate in today's society: Cost, Coverage and Compliance.
Cost is an important factor to consider as most of the traditional operations include bulky and backward systems, resulting in increased maintenance costs that will be forced to apply to consumers. Next, the availability of such remittance platforms is uneven, as remote areas are not exposed to such activities. In the end, when there are too many rules, companies will have to make sure they are legitimate, which is another cost added to customer services.
For solutions to the three C, ZeroBank believes their platform can optimize efficiency in the money transfer industry, while ensuring that consumers do not have to suffer too many charges. In particular, their focus seems to be on the use of blockchain, smart contract and shared economic model, as an approach to beat traditional methods.
1.2 How does ZeroBank work?
Suppose A wants to send money to B.
• Step 1: A will find 2 transaction points: 1 point near A, called R; and 1 point near B, called S.
• Step 2: A will send the cash to R.
• Step 3: R will contact and send a corresponding token to S.
• Step 4: B will go to see S and get money from S.
Note: A is a cash sender; B is the cash receiver; R is the receiving agent; S is sending agent
Zerobank will use Blockchain to record transactions between agents (R token transfers to S). Transaction information A transfers money to B and the intermediary R and S may be due to a ZeroBank System focus system.
II. Who is the target ZeroBank?
According to the report of the International Monetary Fund and the World Bank, the value of the transnational money transfer industry is estimated at $ 600 billion by 2017. Moreover, according to the Tourism Council and world travelers, the number of international visitors is estimated at about 1.3 billion people, with spending equal to $ 1.4 trillion by 2017.
As such, the number of people involved in transnational currency transnational movements will be more than 250 million migrants, 5 million international students, 1.3 billion international tourists and others. Money transfer to other countries instead of 5% to 10% (with money transfer) or even up to 27% (with money exchange), use ZeroBank to help them reduce the minimum. is half the cost of conversion - saving up to $ 10 billion a year.
ZeroBank also creates a platform that combines the shared economic model to provide new working opportunities for community members such as taxi drivers, tour guides, hotel receptionists, employees sales, students, etc. Participants in the ZeroBank Network are not only enjoying the smart money conversion service but also gaining income even if they have no knowledge of pre-coding or blockchain.
2.1 What is the difference between ZeroBank's success?
The decentralized system will help to reduce costs, facilitate and make ZeroBank one of the most practical ICO projects in the field of money transfer.
Many projects that provide payment gateways and currency conversions based on blockchain applications declare that their projects use distributed models, but their business model depends on the system of funds. row. ZeroBank develops a decentralized distribution system that takes advantage of the shared economy, using ZeroBank's network of agents instead of centralized interests (like banks). Agents are allowed to convert from one currency to another, from one place to another, through the use of the ZeroBank token unit. ZeroBank's agent system will expand rapidly based on the force of agents in the community, anyone can become the agent of ZeroBank, in any market where there are ZeroBank.
The minimum cost of dispersing and maximizing the convenience of having an extensive dealer network are two of the key points that make ZeroBank the most feasible ICO in cross currency conversion. nation.
2.2 The key members of ZeroBank
ZeroBank's development and operations team are seasoned professionals and senior business professionals from leading organizations in the currency conversion industry. They are also IT architects and managers for the world's leading financial and banking services.
CEO Kai Yee Goh is a senior in the area of payments and currency conversion, having held positions in business development with key positions in Transfast, United Financial Group, Paypal, Harte-Hanks and Western. Union. Along with him, CTO Bao Ly Van - an IT engineer specializing in banking and financial services, has many years of experience working as a consultant and engineer for BNP Paribas Fortis. 8th in the world), AXA Investment Managers, and HSBC Global Banking and Markets.
Not to mention the outstanding individuals in the same field, the ZeroBank team is the key to success when building this new business model - the model promises to completely change the face of the market. Transfers the current international currency.
III. ZeroBank Roadmap
The ZeroBank project has carefully prepared for the feasibility study of this completely new model and has invested angel investors and counterparts from Q4 2017 and Q1 2018. The system includes facilities, blockchain mines and network setup that began in Q2 2018. ZeroBank's ICO process will be completed with a beta release around August to the end of 2018.
ICO information
• Total Token Release: 1,600,000,000 ZB
• Total number of tokens sold: 640,000,000 ZB
• Total estimated sale: $ 48M
• Bonus value before ICO: 15%
More information
Website: https://zerobank.cash/
ANN Bitcoin: https://bitcointalk.org/index.php?topic=4437670.0#
Twitter: https://twitter.com/zerobank_cash
Facebook: https://twitter.com/zerobank_cash
Telegram: https://t.me/zerobank_cash
Author: bnguyen
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1748567
ETH address: 0x7F8d55DB700A1097d5dBBbd638D1fBC687C799d8