[ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain

[Bank4YOU_Group]

What is the relation between fiat money and your crypto currency? Why do you think it is reliable?

The main component of the MMRS is a system of tokens tied to local currencies of the countries of system user’s countries, which enables fast, reliable and cheap remittance of values across the borders of states and continents. Operating such tokens makes it possible to increase the user trust in the system providing the simplest and the most understandable mechanism for converting fiat currencies into electronic ones. The issue of tokens occurs only on condition of the fiat money being brought into the system, which is intended to ensure the stability of the exchange rate.

[tengkukaya]

How does your system function from the point of view of a user?  How and what can I use it for?

[Bank4YOU_Group]

How does your system function from the point of view of a user?  How and what can I use it for?

The system is transparent and allows auditing by independent assessors who are not affiliated with Bank4YOU Group. Each user of Bank4YOU’s mobile wallet has an account where tokens can be stored in different local currencies as well as in the BFY token. Users can use available tokens for money remittances, to exchange them for other tokens, or can exchange them for local fiat currencies through an agent system or use as payment for goods and services. Access to the account management system can be carried out through a web interface to manage available funds efficiently.

[and1975]

Usual banks seem to have been for so long, in money transfer, so what can it be to persuade people to use your services? What are your advantages then?

[Bank4YOU_Group]

Usual banks seem to have been for so long, in money transfer, so what can it be to persuade people to use your services? What are your advantages then?

Unlike traditional banks, who are typically permitted to invest most of the funds received from customers into loans and other less liquid investments, non-bank mobile money providers are required to hold funds equivalent to 100 per cent of outstanding mobile money liabilities in safe, liquid investments such as commercial bank deposits and low-risk government securities

[Bank4YOU_Group]

A new day, a new review!
We are so pleased by video blogger's attention to MMRS!
Specially for our Russian-speaking community:
https://www.youtube.com/watch?v=llorlkY0PQQ

[baronandr]

Hello. I have a question. Can I send real money without tokens? Directly.

[Bank4YOU_Group]

Hello. I have a question. Can I send real money without tokens? Directly.

You can pay with real money. Bank transfer (SWIFT / SEPA): in USD / EUR / GBP and of course Ethereum & Bitcoin.
At our site https://bank4you.io/ , press contribute, log in and go on with your data and payment.

[vuglusk]

Hello.
If I have problems using the service, is there a hotline?

[nirre55]

What are the benefits for me if I use your project when transferring money? What is the benefit for your local partners, cause we know in business everybody has to be interested?

[Bank4YOU_Group]

What are the benefits for me if I use your project when transferring money? What is the benefit for your local partners, cause we know in business everybody has to be interested?

Bank4YOU Group plans to open wholesale accounts with mobile network operators negotiating maximum discounts against guaranteed airtime purchases of $200,000 to $500,000. Operators will also benefit from increased subscriber activity as new customers join as a result of Bank4YOU Group’s local marketing activities. The service will support intra-operator transfers so individuals on different networks can still engage with each other using their Bank4YOU mobile wallets. Customers would be able to transfer money to other countries with minimal commission fees and without being at the mercy of restricted opening hours or the challenges faced when dealing with traditional financial institutions. Business users will also have the opportunity to reduce their transaction costs and potentially execute free payments to their suppliers.

[hroschi]

How is your system better than traditional bank system? What if people do not use it often? Maybe your project will not be of much use?

[Bank4YOU_Group]

How is your system better than traditional bank system? What if people do not use it often? Maybe your project will not be of much use?

In most developing countries remittances are now the largest source of external financing and, for some, this can account for as much as a third of GDP. According to some reports more than one-third of global respondents are said they are highly likely to transfer money to, and/or receive money from, another person using their mobile device in the next six months. Bank4You Group’s sophisticated platform is capable of supporting an unlimited volume of remittance flows between countries. In a move away from traditional remittance channels, the service would allow under-served consumers to benefit from a much more affordable, convenient and secure mobile money remittance service.

[tania30]

In what country are you legally registered? Are there any state databases where can I view this information?

[Bank4YOU_Group]

In what country are you legally registered? Are there any state databases where can I view this information?

Bank4YOU Group Established in 2013 and headquartered in London, UK, Bank4YOU in 2016 has transformed into Bank4YOU Group, an international consortium of fin-tech service companies operating successfully within the electronic mobile payment services arena. FCA License No715451, issued by Financial Services Authority, UK grants the right to provide credits.

[maxel83]

How can I withdraw money? Local currency, I suppose, or any other possibilities?

[Bank4YOU_Group]

How can I withdraw money? Local currency, I suppose, or any other possibilities?

Mobile account balance funds withdrawal is in local currency of partnering mobile network operator or in MMR tokens.

[mixail09]

Hello. Where can I see any articles in social media about your project? Please give me some links.

[Vylentinka]

So the high fees by bank are the problem that you solve for your customers. Or maybe there are any other benefits that you give to your customers?

[Bank4YOU_Group]

Hello. Where can I see any articles in social media about your project? Please give me some links.

Yes sure , here are the links

Website: http://bank4you.lu/
YouTube: https://youtu.be/XiDXK51wq5E

also

Official site        https://bank4you.io/index.html
Facebook        https://www.facebook.com/Bank4YOUGroup
Twitter        https://twitter.com/Bank4YOUGroup
Bitcointalk ANN       https://bitcointalk.org/index.php?topic=2473174.new#new
Blog / Medium        https://medium.com/@Bank4youGroup
LinkedIn        https://www.linkedin.com/company/27007303/
Reddit https://www.reddit.com/r/ethtrader/comments/78o1ex/bank4you_ico_launching_their_bfy_token_10262017/
Github https://github.com/Bank4YOUGroup/BFYContracts