For those new to Zephyr (which there are many
, welcome to all! ) here is a TLDR about what this awesome crypto does.
$ZEPH is a tradable rewards token for Bitspark's remittance network. The Bitspark platform was created in Nov 2014 after the team conducted the world's first cash in, cash out cryptocurrency transfer.
Fast forward, the Bitspark network now connects eight high vol remittance countries including Philippines, Indonesia, Pakistan, Nigeria, Ghana, Vietnam and more ensuring customers can leverage the low costs of cross boarder remittances via crypto through our products without any tech knowledge necessary.
In October, Bitspark launched its Zephyr ICO which raised 1.3M. The tradable rewards token has a positive feedback loop where Bitspark grows its network by issuing $ZEPH as rewards to Money Transfer Businesses = more transactions and Bitspark using 25% from the profits per txn to buy back from the $ZEPH market.
So what now? Bitspark is in the midsts of integrating $ZEPH / buyback mechanism into products and services in time for the first United Nations Tajikistan pilot. The buyback and integration is not contingent on Tajikistan going through.
E.g as soon as the mechanism is ready it will be using any transactions through Bitspark's existing network .
Lots in the pipeline! Stay tuned.