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

[dakszmey]

Who would you consider as your competition and how you plan on beating them?

[Bank4YOU_Group]

Who would you consider as your competition and how you plan on beating them?

Hello!
Many companies which provide money remittance can be considered as competitors ( like Western Union, WorldRemit ). To respond to these competitors , users will be provided with:
- Lower money remittance fees than what compatible services offer.
- As low volatility as possible of the means of payment.
- Simplicity of conversion into other means of payment and B2C interaction, which implies:
Wide network of existing agents capable of cashing out a payment tool or, conversely, accepting cash in exchange for electronic money (more convenient to handle and/or to transport) Bank4YOU Group plans to develop the business in the countries with already formed market of mobile money, hence the expenses connected with creation of dealer and agency networks won’t incur.
Possibility of automatically converting one payment tool into another means of payment – mobile money and at electronic money.
Possibility of buying/selling goods and services using a means of payment
Micro-crediting system

[HP Guy]

Micro-crediting system

What`s that feature all about?

[Bank4YOU_Group]

Micro-crediting system

What`s that feature all about?

Intending to provide convenient and fast mechanism for providing consumer credit financing based on money transfer platform, we give customers an opportunity to arrange smartphone credit for friends and
family.

[banivur]

Intending to provide convenient and fast mechanism for providing consumer credit financing based on money transfer platform, we give customers an opportunity to arrange smartphone credit for friends and
family.

How will it be made? How are you going to store personal data?

[yahman]

Hello! Is it gonna be a smart-contract for loans? Or how will you store it in blockchain?

[Bank4YOU_Group]

Intending to provide convenient and fast mechanism for providing consumer credit financing based on money transfer platform, we give customers an opportunity to arrange smartphone credit for friends and
family.

How will it be made? How are you going to store personal data?

To provide customers with accurate lending mechanism it is offered to transfer the mechanism of credit history on Blockchain. In order to avoid disclosure of private data no personal user’s information will be
stored in the Blockchain, just the biometric information protected by cryptographic means. The user will voluntarily provide it in order to receive lending assets or access transaction history connected with the
digital identity of the real person. The benefit of the system is knowing it is impossible to obtain any information on the transaction history of a specific person without possessing their biometric data, thus
protecting users against any malefactors. It is indeed very difficult to counterfeit biological identifiers.

[Bank4YOU_Group]

Hello! Is it gonna be a smart-contract for loans? Or how will you store it in blockchain?

Yes, a smart contract.
An initiation of the smart contract in which the next information will be specified:
- Amount of loan
- Address of creditor
- Credit interest rates
- Series of loan charges
- Unique biometric indicator of borrower

The smart contract checks whether payments are made fully and in time to the creditor. If payments are made according to stipulated conditions, the borrower's credit score is automatically raised or in the opposite case it is reduced. In case the borrower attempts to apply for new credit, they would be refused. Provided biometric data allows to unambiguously identify the person’s credit history, the reverse procedure is impossible. Credit history cannot be associated with a person due to the realization of unique biometric identifier.

[niazzy]

What is the uniqueness of your project?

[Bank4YOU_Group]

What is the uniqueness of your project?

Mobile Money Remittance System is a peer-to-peer (P2P) application making use of a mobile device to send money to family or friends, primarily across international borders. It allows money transfers to mobile accounts with possibility of receiving local currency.
Introduction of blockchain technologies will make transactions quick, secure and will help to avoid bank commissions.
Bank4YOU Group’s ‘Mobile Money Remittance System’ will set a new trend in international money transfers and will contribute to the creation of fast, convenient, and secure money transfers worldwide.
The mobile app will also enable financial inclusion for people who are in desperate need of easy access to financial services in countries across Africa, Asia, and Latin America. It would also lead to new opportunities for businesses, financial institutions, and mobile network operators to use crypto currencies.

[fullhousse]

How much will 1 BFY cost after the ICO?

[Bank4YOU_Group]

How much will 1 BFY cost after the ICO?

It depends on the market. And giving guarantee is illegal. But we will do our best success of our project.

[romul1308]

How can I pay with bank transfer?

[Bank4YOU_Group]

How can I pay with bank transfer?

Yes, we accept ETH, BTC and USD/EUR/GBP via bank transfer.
1 BFY = $0,21 The exchange rate in case of payment in BTC, ETH is fixed at the market level (in US dollars for unit of crypto currency) on the date of receipt of the payment. The minimum sum of BFY tokens to purchase is 500 BFY.

[dakszmey]

What do i need to use your system?

[Bank4YOU_Group]

What do i need to use your system?

Our system works mainly with mobile account. Please take time to study our project:  http://bank4you.io/docs/Bank4YOU_MMRS_WP_EN.pdf

[HP Guy]

What is the difference between your BFY and MRTT tokens?

[Bank4YOU_Group]

What is the difference between your BFY and MRTT tokens?

Hello!
One token called BFY - the BFY token is ERC20 token, is a crypto currency, which can be bought during the ICO campaign. The BFY token can be purchased on other exchange rates including cryptocurrency exchanges.

Another is MMR - Mobile Money Remittance. MRS token is a token that is designed to be a stable inner currency. All the operations inside the system Bank4YOU use MMR, which is not influenced by the volatility.

[Bank4YOU_Group]

Is there any chance that ICO will be extended?

[Bank4YOU_Group]

Is there any chance that ICO will be extended?

Hello. ICO is extended till the 31st of March.
Delve into more details here:
https://medium.com/p/bf0d60eafc6d