Hello! Your project is very big. I`m sure there were challenges is the creating process. Please tell about them?
Thanks for that question!
Our challenges, according to reports are :
- 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.