Blockchain-bank Zamzam launched a demo MVP in the format of a payment wallet: Zam.wallet. The product’s main innovation is that users can send money by cell phone number, even if a payee doesn’t yet have Zamzam’s crypto-wallet.
The demo version of Zam.wallet is available in numerous formats and can be used by users of Web, iOS and Android devices.Currently, the system allows users to make payments in four currencies: BTC, BTC Cash, ETH and Zamzam tokens. In addition to transactions, the current version of Zam.wallet allows users not only to see their account balance and transaction history, but also to create a new account with SMS confirmation to their cell phone.
The transaction process itself is organised in a unique way: users need only enter the sum to be transferred and the recipient’s cell phone number. If a payee hasn’t installed the Zamzam app yet, he or she will receive an SMS with notification of receipt of funds and a link to register and download the app. If he/she doesn’t register, the payment will be returned to the sender.
The MVP is currently being worked on behind closed doors and has been presented only to a small group of investors. Officially, the MVP will be publicly available soon.
In the future, Zamzam is going to turn Zam.wallet into a convenient and inexpensive platform for cross-border payments of both fiat and crypto currency. It is also expected that Visa and Mastercard cardholders will be able to utilize their credit cards, thereby enabling clients to pay for goods and services using Zamzam.
Source: https://zam.io/ZamZam%20Whitepaper%20English%2020.08.18.pdf
ZamZam is a transparent, honest and efficient blockchain bank that unites millions of people and organizations in the cryptocurrency market. This gives users the ability to control cash flow and taxes and enable users to save millions of dollars on transactions while maintaining full control over their funds. Unfortunately, the commissions on the payment market p2p remain relatively high. Currency conversion and high rates of banks and payment systems make p2p transfers unnecessarily expensive. At the same time, 31% of the world's population does not have a bank account. ZamZam will work to solve these problems, make p2p transfers as accessible as possible and help millions of people who do not have access to a strengthened bank account for financial services.
Zam.wallet is a secure, multifunctional portfolio with a user-friendly and functional interface. It plays a key role in the ZamZam ecosystem. ZamZam Bank supports most standard cryptocurrencies, including Bitcoin, Ethereum (including ERC20 tokens) for all payment-related functions. This not only means that customers can store and exchange these currencies, but also offer them the possibility to keep balances on accounts that are linked to payment cards, allowing users to keep cryptocurrency just like regular money.
ZAM Token is the internal currency of ZamZam Bank's blockchain, which is used to pay commissions for money transfers, purchases of ZamZam banking products, etc. The ZAM token is a standard ERC-20 token. tokens are issued in the initially declared volume, no additional release of tokens is provided.
Blockchain platform: Ethereum
Token standard: ERC-20
Power token: 8 500 000 000 ZAM
value token: $ 0.02
Total amount of Zam-tokens for sale: 65% 5 525 000 000 ZAM | $ 110,500.00 in face value
Soft cover: $ 11 100,000
Hard cover: $ 55,400,000
Accepted cryptocurrencies: ETH, BTC, LTC
Private sales period: June 18-December 3
Bonus for
pre-sale players: 35% Pre-sale period: October 22-November 5
Bonus for pre-sale participants: 25%
The duration of TokenSale: November 5, December 3
More detailed information can be found in the technical documentation of the project or ask questions on the forum topic.
Web: https://zam.io/en
Whitepaper: https://zam.io/ZamZam%20Whitepaper%20English%2020.08.18.pdf
One-Pager: https://zam.io/ZamZam% 20One-Pager% 20% English 2020.08.18.pdf
Facebook: https://www.facebook.com/zamzambank
Twitter: https://twitter.com/zamzambank
Linkedin: https://www.linkedin.com/company/ zamzambank /
Join the discussion: https://t.me/zamzamchat
Author : milyuner86
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1671465
ETH : 0xb4b6E91dE32661bd84C89C25D956526abA0Cb782
Telegram :
