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

[Bank4YOU_Group]

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?

According to the McKinsey Global Institute report, for the free functioning of the remittance system both within and outside a country, there is a strong need for the absence of restrictions on part of the financial regulator of that particular country (the central bank), along with the availability of open markets.

[tengkukaya]

Why blockchain? Don’t you think that with many discussions for restrictions for crypto currencies in the world your project may have restrictions in itself?

[Bank4YOU_Group]

Why blockchain? Don’t you think that with many discussions for restrictions for crypto currencies in the world your project may have restrictions in itself?

The technological advantage of the Blockchain network solutions lies in the fact that they do not require a representation in a country, or the availability of a legal framework for their presence in order to function as a means of payment in that country. Restrictions in the form of a ban will create a black market for other electronic payment means, which is likely to complicate their use, but will not stop it completely. Technologically, a blockchain solution can only be banned by completely banning network communications at the transport level. Such advantages of that technology provide a huge potential for creating open markets without borders.

[and1975]

What if I want to come with my friends and invest in your project? Will you give us any bonus or the kind?

[Bank4YOU_Group]

What if I want to come with my friends and invest in your project? Will you give us any bonus or the kind?

You can take use of our referral program. It works by means of distribution of a referral code and provides fixed remuneration at a rate of 40 BFY. The main condition should be followed such as there should be BFY tokens purchased during the ICO campaign on the user's account. The one who sent and the one who activated the referral BFY code will receive bonus at a rate of 20 BFY each and referral tokens will be granted after the end of ICO only to those who made an investment and will be sent to the user's Bank4YOU wallet.

[martincic]

Now that you are in bank business, what more of bank services do you offer? Anything special?

[Bank4YOU_Group]

Now that you are in bank business, what more of bank services do you offer? Anything special?

One of Bank4YOU Group’s core services is TaxFree4U, a VAT refund mobile app available to non- EU customers shopping in Europe. An international network of local offices supports this service, provided on behalf of seven major partners in Europe, Middle East, and Asia. It offers the highest VAT refunds on purchases made within Europe, with the money credited into the customer’s account within 48-hours of presenting the necessary documentation

[kamandanu]

What is the principal difference between your product and the other solutions that are gradually being introduced to the market? Do you know your competitors?

[Bank4YOU_Group]

What is the principal difference between your product and the other solutions that are gradually being introduced to the market? Do you know your competitors?

We have a number of competitive advantages. Among them:

We have working TaxFree4U app that provides the service in the following countries:
France
Germany
Italy
Spain
United Kingdom
Finland

Mobile Bank4YOU
Best fin-tech specialists have been developing our app.
Bank4YOU app can be downloaded in App Store (Apple) and Play Market (Google).
Thanks to the careful application testing on different target groups we created the application, which can be effortlessly used by customers

You can download the application at this link:
https://itunes.apple.com/ua/app/bank4you/id1069036395?l=ru&mt=8
https://play.google.com/store/apps/details?id=uk.bank4you.client

[kutovayaolga]

Will the users of the app get some kind of support to help them with the use of the application?

[Bank4YOU_Group]

Will the users of the app get some kind of support to help them with the use of the application?

Yes, of course there will be In-App tech support.

[StuFF981]

How will i be able to get the Premium Card4You? Will you send it to me or something like that?

[brahmaputra]

Seems to me it is a very big international project. Please tell me what challanges your project was facing?

[mahmutyes]

Do you have any partnerships with businesses to integrate your product already? I think its really important for your project to have them at this stage.

[Bank4YOU_Group]

How will i be able to get the Premium Card4You? Will you send it to me or something like that?

To get Premium Card4You to purchse 15000 tokens (Premium Package). Card will be sent to you by post after the end of ICO.

[Bank4YOU_Group]

Seems to me it is a very big international project. Please tell me what challanges your project was facing?

Thanks for the question!
Our challenges, according to reports were :
- for the free functioning of the remittance system both within and outside a country, there is a strong need for the absence of restrictions on part of the financial regulator of that particular country (the central bank), along with the availability of open markets.
- for banking services to function properly, a large amount of digital infrastructure and user identification tools are needed.
-  users have to choose a solution that exists in the market but would be more expensive and will not be cross-border
The project is solving these challenges. Bank4YOU Group plans to spend crowd funded means on elaboration of its system of mobile money, development of new software, incorporation of microcrediting system, and new financial services based on Blockchain.

[Bank4YOU_Group]

Do you have any partnerships with businesses to integrate your product already? I think its really important for your project to have them at this stage.

We agree with you, it`s very important! We have entered into the agreements with numerous mobile operators, including: Azerfon, Bakcell, Jazz Cash(VEON), Tranglo. And at the signing stage: TransferTo, Sochitel. And we will continue to integrate our product in many other countries and mobile operators.

[dorada60]

Hello! I see your project will provide microloans. How can you confirm the identity of the borrower ?

[Bank4YOU_Group]

Hello! I see your project will provide microloans. How can you confirm the identity of the borrower ?

Our smart contracts will have the following information about borrower:
- Amount of loan
- Address of creditor
- Credit interest rates
- Series of loan charges
- Unique biometric indicator of borrower

[gonzoe]

Hello! Where can I read more information about the technical innerworkings of your system?