Bitcoin Forum

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XferMoney is a secure, transparent peer-to-peer (P2P) foreign currency exchange platform built on Ethereum blockchain to enable instant, reliable international money transfers. Platform is designed to disrupt and replace the traditional way of money transfers by connecting participants directly to exchange money and cut down the middleman, banks or brokers plus costs associated with them. Our main goal is to empower retail customers to exchange money globally with any person, business, or their own accounts in another country at a negligible cost. This should benefit all the consumers who have been paying heavy fees to the existing banks, institutions or brokers to transfer funds across borders. Our expertise in the fields of software development, blockchain, and forex exchange market give us the confidence in creating a unique P2P solution to benefit the end users and provide a better platform for currency exchange around the world.

Foreign currency exchange market is the biggest market in financial industry in terms of trading volume. Main participants for this market is large institutional banks and big corporates who control this market. The retail customers like expats, students and even the small and medium enterprises are never in position to negotiate the better rate and they have to pay hefty amount for their forex conversions. With the emergence of technology and social media awareness new concepts have emerged in the market related to peer to peer currency exchange. This is a very lucrative and emerging concept which will catch the eye of every individual in coming days.

Xfermoney is founded in May 2017 by a small group of likeminded individuals who have been fans of blockchain for years.
Xfermoney team has been working on the concept of peer-to-peer remittance, fiat currency conversion system and ready to bring this idea into reality in 2018. Xfermoney is going to replace the traditional way of money transfers by connecting participants directly and cut down the middleman plus costs associated with them. Our endeavor is to empower retail customers to exchange money globally at a negligible cost. This should benefit all the consumers who have been paying heavy fees to the existing banks, institutions or brokers to transfer funds overseas.


Blockchain and P2P networks have already proved to be disruptive technologies with the power to challenge the status quo and eliminate the middleman in many different business areas. There are numerous factors in the market that are converging to create a favourable environment for P2P platforms based on blockchain. Currency exchange is going to be the next frontier for P2P, as hefty fees by the banks or brokers are no more acceptable to the consumers and they are always finding better exchange rates with quicker transfer options. XferMoney is the solution to their needs and very well placed to capture this market with its vast experienced and talented team while being the first P2P platform over blockchain to bring an international remittance system to serve globally.

Xfermoney’s P2P platform over blockchain will not only reduce the infrastructure cost but will also give us an edge to extend our platform to adapt with new set of emerging digital currencies. We are bringing multicurrency debit card and every user of XferMoney can get access to it. Customers with the debit card will be able to spend money overseas as a local currency what they hold in their XferMoney account. Primarily, customers who doesn’t own a bank account overseas e.g. tourists, travelers will enjoy the benefits of our multi currency debit card as they will be able to convert their money and spend it overseas without any conversion charge.



Xfermoney has very experienced team who has worked in forex market for many years and great knowledge of various FX products available in the market. We are launching token offerings to raise capital that will be used to expedite the development of Xfermoney platform, and expand its operations. Refer https://xfermoney.io . We are not promising the moon to our investors but we can ensure that with this noble concept and highly commited experienced team we are here to succeed and will do everything in time bound manner. We will ensure the legitimacy, integrity and continuity of our business with the highest ethics standard in the industry.

XferMoney has the potential to change the way we operate in this highly globalized world and again technology will be the instigator for this change. We will reduce the monopoly of large banks and corporates and give the benefits to common man who are deprived of this so far. In short, we will eventually democratize the forex remittance market.

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Interested project,
but what about the fees?

Can you add a little on what fees you are asking here?

hey xfermoney guys.... idea looks impressive and look forward to your system launch. how will you bring more traffic on ur portal?

Thanks, we have our marketing team working on it and you will see advertisements on our brand awareness.

Very interesting and impressive idea. Waiting for the fees details.

Hello Dev, Facebook page disappeared during registration, I hope it appears

Thanks, can you add a little on what fees are you referring here?

Yes, there was a little hickup. Please try again now.

Hi Dev, Happy New Year, reports on facebook and Twitter do not. Do I understand correctly?

this is an interesting project, let alone move in peer to peer money transfer where in the case of crypto currency we are always associated with the delivery of both tokens and balances, I will first monitor his bounty tread now.

Thank you very much

hello, i do not have a reddit account, may i register to social media bounty, thanks.

Hi, yes u can. all the rules related to bounty programme are clearly mentioned on
Our website. Please register and participate.

Thank you for your interest.

Ok,thank's... :)

On the website it is mentioned that you are offering discounts for the private sales.  Can you please share more information related to discount offering and procedure.

Just to add..  This concept  looks good and unique but what is the minimum investment required during pre sales

Reserve Ann + Bounty Threads for translation + Website if needed.

Bitcointalk account URL : https://bitcointalk.org/index.php?action=profile;u=1116298
Bitcointalk name: roy92
language: German
Rank: Full Member
Eth address: 0x6Ea81f84d92548F1452BDED23De922A9b6f541aC
previous work:
Hawala.Today https://bitcointalk.org/index.php?topic=2637326.msg26842273#msg26842273
SHIELD https://bitcointalk.org/index.php?topic=2628329.msg26744254#msg26744254
SHIELD - WHITEPAPER https://de.scribd.com/document/368219220/SHIELD-White-Paper-V1
Change Bank https://bitcointalk.org/index.php?topic=2132237.msg21311680#msg21311680
Veritium Ann https://bitcointalk.org/index.php?topic=2656364.msg27072329#msg27072329
Veritium Bounty https://bitcointalk.org/index.php?topic=2656267.msg27071501#msg27071501

Why would somone use this service over Revolut (https://www.revolut.com/) where you can already get free interbank rate transfers between following currencies: EUR, GBP, USD, AUD, CAD, CZK, DKK, HKD, HUF, ILS, MXN, NZD, NOK, PLN, RON, SGD, ZAR, SEK, CHF, THB, TRY, AED, BGN, QAR, SAR and a debit card? How will you compete with these guys?

Where do you plan to start implementing the product, in which countries? which currency does it support?

Objective is to be a global product across all borders. We will be starting with 8-10 Currency pairs, targeting 5-6 countries initially that includes UK, EU, US, IND, Japan, China.

You will hear the announcements soon on authorization and licencing approvals.

Thanks for putting up this question. There are many areas that our product offers better than any existing platform.

- Safe & Secure - Providing Users Increased control on their money - there is no platform today that offers this and funds are fully controlled by them.
- Our Platform fee would be near to zero fees even for big amount transactions
- Our Exchange rates are with 0 spread, meaning Exchange rate is same for both Buyer and Seller
- Spend Money Abroad with Zero fees

So along with exchange fees and rates, safety is the most important aspect that we get our customers to have full control over their funds with the use of today's technology.

Hope this answer your question.

Thank you. We will take a look.

i will check out this coin,and if i get some i will hold

We have different discount based on investment slab. For further detail, you can reach out to ico@xfermoney.io

do you plan to cooperate with a master card or visa?

This is a great project I'm happy to join bounty campaign because I believe successful :)

a very interesting project and I would like to participate in bounty to help promote. after reading and reviewing XferMoney website I think the platform is very helpful and simple to use in transactions send money with a very fast process. I hope the success for the future

I have joined bounty and shared it with a few friends as well. They have joined bounty with my reference.  I am sure this project will be a successful.
My bounty rewards will be credited to my account once presale ends?

Thank you. XFM token would be allocated to you once our crowd sale is completed and as per your activities during Xfermoney bounty campaign.

XFERMONEY is basically good and has its own appeal and this project has a primary focus on bringing all customers across the country and grouping them into one place where they can democratically bid and transfer money easily. very beneficial
but I think it's a bit like Salpay

Salpay is not Peer-to-Peer, they are talking about 1 %fees for businesses.

Project looking promising & unique, seems you have designed this project well. Which country is your main market at the beginning of the project?

Do you have any bonus programs?

Yes, please refer Token sale section to know the bonus structure for Pre-sale at - website https://xfermoney.io/#tokensale (https://xfermoney.io/#tokensale)

Thanks.

We will be starting with 8-10 Currency pairs, targeting 5-6 countries initially that includes UK, EU, US, IND, Japan, China. Objective is to be a global product across all borders.

You will hear the announcements soon on authorization and licencing approvals.

This project is good because I see the developers are very ambitious to bring success.
I hope this project will work and get a lot of investors.

German ANN Thread Translation:

https://bitcointalk.org/index.php?topic=2701064.msg27612622#msg27612622

The idea of a blocking transaction without intermediaries is not new. In addition, I can not find any details about the transaction fee. or I'm wrong?

Yes, idea of blockchain is not new but we are bringing people together on a platform to exchange directly International Fiat money e.g. USD, GBP, EUR, JPY (not cryptocurrency) through our P2P platform over blockchain.

As given in the Whitepaper, transaction fee is going to be a small platform fee and it's nothing more than the fraction of fees charged by current platforms available in the market.

Thank you for your comments.

Thanks Roy. Can you translate the How it works picture and add the updated one?

Hi Team.. Which crytos other than Ether would be excepted here?

Payment methods that we are accepting in the ICO are ETHER(ETH), BITCOIN(BTC), BITCOIN Cash(BCH), Litecoin(LTC) and Ripple(XRP) .

What is the uniqueness of your project as there are various similar concepts running in the market....?

I hope you have gone through our website and whitepaper. It's Peer-to-Peer Remittance platform for Fiat Currencies (e.g. USD, GBP, EUR, CAD).

We are the one introducing this with our platform on blockchain enabling it instant and secure transfers at unbeatable exchange rates with close to zero fees.

Hello Everyone!

We would like to invite you to join our World Blockchain and Token Summit to be held in Dubai on March 4 & 5, 2018.  This event is being organized by our company Immensoft Business Intelligence. 

If you are looking to build high quality leads, develop great connections or create brand awareness, the World Blockchain and Token Summit is the event for you.

Visit our websites listed below for the upcoming Blockchain Summit and the successful Blockchain Conference we held last November:

World Blockchain & Token Summit in Dubai, March 4 & 5, 2018
http://www.worldblockchaintokensummit.com/Default.aspx

GCC Blockchain Conference in Dubai, November 22 & 23, 2017
http://blockchainconfex.com/Default.aspx

If you are interested in becoming a sponsor for this event, contact me and I can provide you with details on the sponsorship packages we offer.

Why become a sponsor?  You will increase your brand visibility and media exposure and gain a competitive edge in this evolving industry.

Debra McCann
Email:   debra@dmccann.com
Office:  707-433-5860
Cell:   707-206-5953

Great, thanks Debra for sharing the details.

Do you have competitors in the market? I can see a couple of similar projects in market.. CAshaa.. How is this project different? And where are you with the regulation approvals and permissions? 

I think this is the kind of services we want to hear about with the innovation of blockchain technology.
As well as i liked the presentation of your bounty threads, i enjoyed management of your project.

Our concept is completely different from Cashaa as our platform is not trying to exchange fiat money with crypto but fiat to fiat only, just by connecting the multiple peers on the platform. Check out "How it works" on https://xfermoney.io our  and you will see the difference.

Being the first one with the concept, we are very much focused on remittances and FX conversions on our platform and aim to be the leader in this space.

Yeah, but that is limited to Crypto currencies only but we are here with P2P Remittance platform for the fiat Currencies like USD, GBP etc...

Very interesting and impressive idea. Waiting for the fees details.Idea looks impressive and look forward to your system launch.Can you add a little on what fees you are asking here? What percentage of tokens is allocated to pay bounties to the company?

Fees are going to be a small flat amount shown upfront to the users and it shall include the block-chain network fee as well.

Can you add little more on your query for allocation of bounties to the company? Are you asking about business model or earnings allocation from the platform ?

Is there any airdrop or referral program going on?

What is this P2P Remittance?
In P2P Remittance, one person sends money to another person without needing a third-party broker. In P2P Remittance, most of the times actual money not really crosses the border. It can be explained with one simple example.

Person A wants to send US$ 1,000 to UK from America to Person C
 Person B wants to send US$ 1000 to America from UK to Person D
 
 It will match two people (orders) as a pair and charge fees, for example charges $5 from each party, then the transaction would look like this:
 
 Person A would send (via Xfermoney UK) AUS$ 1000 to Person D.
 Person B would send (via Xfermoney US) AUS$ 1000 to Person C
 
 The money got transferred locally within the border.

What is XferMoney?
Xfermoney is founded in May 2017 by a small group of like-minded individuals who have been fans of blockchain for years and carry vast experience in the forex and payments industry.

XferMoney is a secure, transparent peer-to-peer (P2P) foreign currency exchange platform built on blockchain to enable instant, reliable international money transfers.

Platform is designed to disrupt and replace the traditional way of money transfers by connecting participants directly to exchange money and cut down the middleman, banks or brokers plus costs associated with them.

What are the benefits for participants?
XFM works as a mean to reward or get rewarded for participation in the platform and each fund transfer activity has an associated cost specified in XFM. As fund transfer transactions are carried out on the platform, we will be charge a nominal fee from the participants involved in the transaction.

Demand for the XFM token shall grow its value and as company grows, every stakeholder will reap the benefits. Since the XFM tokens are limited so its price will increase with increase in number of transactions.

How accessible the system would be?
Xfermoney offers improved accessibility to money remittance services for users. Whereas, many traditional remittance methods still involve varying degrees of physically accessing the bank and/or complex procedural requirements, we will provide a straightforward no-frills service that harnesses the internet and internet-enabled mobile devices to facilitate the transfer of funds from potentially any location that has internet access. It would be built around interactive, mobile-friendly interfaces that emphasize the customer experience. We will have easy registration process but KYC due diligence in place.

How will we ensure best rate in the market?
There are several reasons for us to provide the service at negligible charge. One obvious reason is that we are not keeping any spread here for our own margin. It will be very transparent system. Order will be matched with asked and bid price on our platform with our built-in algorithm. Second reason is that we don’t need to establish our own financial infrastructures or devices like financial institutions and banks. This would result in huge operational cost savings which will ensure that for our platform sustainability we need not to charge a hefty amount. On top of this, our choice of technology will result in instant settlements and fully automated funds routing.

Follow us
facebook (https://twitter.com/xfermoney)

twitter (https://www.facebook.com/Xfermoney-136308600385196)

telegram (https://t.me/joinchat/IBp3RUq4tf3N48Rm3CSzeA)


email (http://mailto:info@xfermoney.io)

How will you survive if your processing fee is too small?

Just refer the answer in above post.

How will we ensure best rate in the market?
There are several reasons for us to provide the service at negligible charge. One obvious reason is that we are not keeping any spread here for our own margin. It will be very transparent system. Order will be matched with asked and bid price on our platform with our built-in algorithm. Second reason is that we don’t need to establish our own financial infrastructures or devices like financial institutions and banks. This would result in huge operational cost savings which will ensure that for our platform sustainability we need not to charge a hefty amount. On top of this, our choice of technology will result in instant settlements and fully automated funds routing.

Twitter Bounty

Twitter link =
https://twitter.com/226icelee?s=03
Week 3 (08/01-14/01)

Retweet

01.https://twitter.com/XferMoney/status/950042278332022785
02.https://twitter.com/XferMoney/status/950390975834107904
03.https://twitter.com/XferMoney/status/950400064765100032
04.https://twitter.com/XferMoney/status/950416672795447296
05.https://twitter.com/XferMoney/status/950777288890527744
06.https://twitter.com/XferMoney/status/950779118299181057
07.https://twitter.com/XferMoney/status/950800566451449861
08.https://twitter.com/XferMoney/status/951096631927103493
09.https://twitter.com/XferMoney/status/951151774764736512
10.https://twitter.com/XferMoney/status/951502284264910848
11.https://twitter.com/XferMoney/status/951510900267139072
12.https://twitter.com/XferMoney/status/951633744015777792
13.https://twitter.com/XferMoney/status/951832290354581504
14.https://twitter.com/XferMoney/status/951863923426320384
15.https://twitter.com/XferMoney/status/952049060898197504
16.https://twitter.com/XferMoney/status/952134923015536640
17.https://twitter.com/XferMoney/status/952246300224798720

Tweet

01.https://twitter.com/226icelee/status/952217738398785536
02.https://twitter.com/226icelee/status/952217769625370625
03.https://twitter.com/226icelee/status/952217805302128640
04.https://twitter.com/226icelee/status/952217836839084033

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We need help in our white paper translations in these languages

• Chinese
• Korean
• Japanese
• Italian
• French

We have good amount of translation bounty.

You can use this opportunity to earn XFM tokens.

how do i register for the bounty campaign?

Your project was listed on Foxico.io! https://foxico.io/project/xfermoney

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Please tell me the whitelist period?

Thanks.

Is your project listed on any exchange?

What percentage of tokens is allocated for bounties ?

Listing on exchange will be done after the Presale and once Softcap has reached.

Do you have partnership with any company?

Thanks ICOInrating !

Xfermoney has introduced a referral program to expand its reach to the community and encouraging people to join their hands in building the future of remittance.

Objective of the referral program is to market the Xfermoney ICO and it’s offerings by passing the marketing benefits directly to the community members, who are participating in the ICO directly or Indirectly.

Referrer will receive their bonus in ETH, BTC or LTC as per the contribution made by their referee.


Referral Guidelines
What a Referrer and Referee will get in Xfermoney Referral program
Person(Referrer) who refers investors to contribute in Xfermoney ICO will receive 5% of the Amount(in ETH or BTC or LTC) as per the invested amount by their refree.
Contributor with referral will receive 15% extra XFM tokens on TOP of what is prevailing bonus on that day at Xfermoney website. Contributor will receive the referral Bonus tokens within 48hrs of the contribution made.
Referrer will receive their referral Bonus(in ETH, BTC or LTC) withing one week after the Crowdsale ends.

How to register
Both Referrer and Refree will need to regsiter for Xfermoney referral program at https://xfermoney.io/referral
Referral code – Email Id registered under referral program will be used as referral code.

Conditions for Referee
Register with a valid referral code(Registered email id of their referral)
Referral bonus is applicable with minimum contribution of 1 ETH or equal amount in BTC or LTC.

Conditions for referrer(Person who refers)
To become a successful referrer you should have contributed a minimum of .01 ETH to the Xfermoney Token Sale.
Minimum Referrer contribution should be made from the same registered ETH address as referral program.

  For any queries – email at ico@xfermoney.io

 

Who do you see as your major competitors in this space?  How do you plan to outperform them?

i hope this project will work and get a lot of investors in here,hope  will grow these

Do you have any Airdrop programs?

   

   

Annother crypto exchange platform. What differs Xfermoney from others? What new feature it can bring?

   

   

Xfermoney comes with real product that works best with blockchain technology and solves real world problem by eliminating the costs related to remittance globally. Xfermoney is the first one to introduce P2P fiat currency remittance platform over blockchain and has a clear edge to be the leading platform in the industry with its highly experienced team.

Interesting project

Thanks

Thanks

We don't have airdrop program till now but we are planning such programs.

Thanks

   





We are excited to share updates on Xfermoney, what has been achieved so far and what is happening in the coming weeks.
 
Xfermoney Token Sale is in progress
Xfermoney has received good response in the token sale with great investments coming from our private investors and received fair amount from retail investors. We are already halfway through our targeted investment for phase 1 token sale with another 1.5 Million USD confirmed investment coming from new investors including VC’s.

We would like to take this opportunity to say a big thank you to all our supporters.
 
XFM token listing is confirmed on multiple Exchanges
Xfermoney team has been working hard to get XFM tokens listed on as many exchanges as possible to facilitate the trading for XFM tokens. You would be happy to know that we have already received confirmed listings on some of the exchanges that include Liqui, Mercatox, Stocks.Exchange, Open Ledger, DDEX.
 
Further, we are in engagements with more global exchanges that include few bigger names and we will have more updates in the coming weeks. We will also be starting a petition for listing on few bigger exchanges and that will need your support to back the Xfermoney community for listing on your favorite exchanges.
 
Xfermoney Platform Developments
We are glad to say that Xfermoney platform development has started and our development team is working hard to bring the pilot application in coming months.

We have also on-boarded an associate in our legal team who is dedicatedly working on licencing authorizations that Xfermoney requires for business operations in various countries. We are currently in advance stage to acquire the approvals from FCA (Financial Conduct Authority) in the UK and from SFC (Securities and Futures Commission) in the Hong Kong.

We are continuously exploring opportunities to expand our market reach and currently in process of partnerships in Canada and Europe to establish Xfermoney operations to expedite the licencing approvals.
 
Things are looking more promising for Xfermoney in 2018 and it’s going to be a great time ahead for the whole Xfermoney community as we make progress. Thank you for your unwavering support.

For those interested in joining, now is the time!  Be part of our Xfermoney journey as we do great things together.

 
Best Regards,
Xfermoney Team
Website: xfermoney.io (http://xfermoney.io)

Hello that such friends my name is criptosistemas and I have participated in this project through blog XferMoney is a secure and transparent currency platform (P2P) developed in the Ethereum block chain that allows instant and reliable international operations. This platform was designed to change and replace the traditional form of money transfers by establishing an immediate connection between users to exchange money and avoid the use of intermediaries, banks or brokers, in addition to the costs involved. :) 8)

https://steemit.com/xfer/@criptosistema/xfermoney-instant-and-reliable-international-money-transfers-at-lowest-cost

XferMoney was added to TokensRecord ICO Directory. https://tokensrecord.com/project/xfermoney

Xfermoney platform is designed to disrupt and replace the traditional way of money  transfers  by  connecting  participants  directly  to  exchange  money  and  cut down the middlemen.

 interesting project, let alone move in peer to peer money transfer where in the case of crypto currency we are always associated with the delivery of both tokens and balances.good luck to this

great hope on this platform that could give a revolution, facilities that support the ease has been offered
many people want it, there is no doubt this platform are awaited because this is the solution of most people