In Simple Terms: What is Xfermoney ?
Xfermoney is a secure and transparent peer-to-peer (P2P) currency exchange platform built on the Ethereum chain of blocks to enable instant and reliable international money transfers. The platform is designed to disrupt and replace the traditional form of money transfer by connecting participants directly to exchange money and reducing the number of intermediaries, banks or brokers, as well as the costs associated with them.
Xfermoney: Benefits in comparison to other companies ?
- All transactions are executed through a chain of blocks, which guarantees total transparency to customers.
- The minimum platform fee with a zero spread on exchange rates makes the cost of transactions the lowest.
- Real-time instant fund transfers. less than a second after the execution order.
- With a $2 trillion economy that includes $600 trillion in remittances and $1.4 trillion in retail currency conversions by travelers, Xfermoney will replace the traditional form of money transfer by directly connecting participants and reducing the costs associated with the intermediary.
- 24/7 platform availability, accessible worldwide.
- Customer support with live online chat service to provide faster response to all customer inquiries.
- Both the buyer and seller enjoy the current and the same exchange rate, making it the best exchange rate with a zero spread.
- The first to bring the P2P remittance platform into the block chain gives Xfermoney the clear advantage and is ready to become the leader in this space with its highly experienced team.
Xfermoney: The Platform
Xfermoney allows its users to send money across countries quickly, easily and securely at almost no cost. The platform is built with an advanced technology stack integrated into the block chain ecosystem and comes with an interactive user interface that makes money transfers a very easy process and gives your users more confidence with advanced security controls in place through the processing of distributed ledgers. Transactions are processed through an automated order matching process using our state-of-the-art engine which connects multiple participants across the platform countries.
The Xfermoney platform is designed to disrupt and replace the traditional form of money transfer, connecting peers through the platform in different countries to exchange money directly and reduce the number of intermediaries, banks or brokers, as well as the costs associated with them.
Xfermoney: Multi-currency debit card
Xfermoney will bring a multi-currency debit card and all customers who open an account with XferMoney will have access to it. Customers with the debit card can spend money abroad as their local currency whatever they have in their XferMoney account.
Mainly, customers who do not have a bank account abroad, for example, tourists, travelers will enjoy the benefits of our multi-currency debit card as they will be able to convert their money and spend it abroad at no charge.
Xfermoney: Roadmap
- Q3 – 2017
Incubation of ideas, market research and feasibility analysis, team building. - Q4 – 2017
Launch of the Whitepaper, Architecture and Platform Design - Q1 2018
XFM Token Offerings, Brand Awareness, Exchange Listing, Platform Development, Equipment Expansion - Q2, Q3 – 2018
Platform Development, Licensing and Regional Approvals - Q4 2018
Alpha Release, Cart 1 Currency Pairs - Q1 – 2019
Beta Launch, Baskets 1 and 2 Currency Pairs - Q2,Q3 – 2019
Launch of multi-currency debit card, support for new currency pairs
Xfermoney: TOKEN & ICO
Symbol: XFM
Total supply of XFM: 125.000.000
XFM Base Price: 1 ETH = 8000 XFM tokens
Estimated Sale Max: 5 Million (USD)
Estimated Sale Min: 1 Million (USD)
Date of Sale: 16 Feb 2018 to 31 Mar 2018
Use Of Funds:
Xfermoney: Ratings
Xfermoney: Team
- Sumit Kumar - Founder / CEO
- Shivam Kumar - Technology Leader
- Dipankar Mishra - Senior Business Advisor
- Gaurav Jha - Technology Consultant
- Chetas Sankhesara - Senior Software Programmer
- Vipin Goyal - Project Resources Manager
Xfermoney: Links of Interest
Website -- Whitepaper -- Facebook
Twitter -- Telegram -- Bitcointalk ANN
Reddit
Github -- Medium
Authorship
By: Andrewsito
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1216520
Myetherwallet: 0xB16Ae1Abd9d918e811B9713AE6F276B6F6079C5f
By Bitcointalk user: andrewsito