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

[yahman]

Is project going to be worldwide? Is it for everyone, or there are restrictions?

[1714781753]

1714781753

[1714781753]

1714781753

[1714781753]

1714781753

[Bank4YOU_Group]

Is project going to be worldwide? Is it for everyone, or there are restrictions?

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.

There are some prohibitions on participation: Nor a “U.S. person”, within the meaning of regulations of the U.S. Securities Act 1933, nor a Canadian citizen, or a citizen of the Republics of Singapore and Korea, or the People’s Republic of China are allowed to participate

[urikmarkov]

I want to know the major benefits of participation in your ICO?

[Bank4YOU_Group]

I want to know the major benefits of participation in your ICO?

Our token has some interesting advantages:
1. Part of total group companies income up to 1% received from loan products implementation.
2. 2.5% discounts for purchasing MMR token.
3. 1% of income by group of companies of mobile money remittances total turnover.

[Vaerros]

Is the amount collected enough for you to fulfil the project?

[Bank4YOU_Group]

Is the amount collected enough for you to fulfil the project?

Hello!
The project will be fulfilled regardless of the amount collected. Tokens will be distributed according to the amount collected. Shareholder will continue the project on his own funds, regardless of the ico results.
We have already reached $7 115 220.

[sergey345]

Why do you use 2 kinds of tokens? What is the difference between them?

[Bank4YOU_Group]

Why do you use 2 kinds of tokens? What is the difference between them?

Hi there.
BFY token is a Crowdfunding instrument made on Ethereum blockchain.
MMR 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.

[JaneAcker361]

How the mobile money will be integrated into existing payments infrastructure?

[Bank4YOU_Group]

How the mobile money will be integrated into existing payments infrastructure?

An important question for both the mobile money industry and the broader financial system is how mobile money will be integrated into existing payments infrastructure going forward. Full interoperability across all services and country corridors remains a long-term goal of the mobile money industry.

[aalavandan]

Could you tell me why blockchain is a proven technology stack for your project?

[Bank4YOU_Group]

Could you tell me why blockchain is a proven technology stack for your project?

Bank4YOU customers no longer need to depend on bureaucratic procedures associated with traditional banking. Its service has been created to ensure time-efficiency, convenience and secure transactions. Mobile money transfer or remittance is a peer-to-peer (P2P) application making use of a mobile device to send money to family or friends, primarily across international borders.
Blockchain technology makes it possible to create payment tools that carry the advantages of fiat currencies and mobile money not only within a country but also around the world.
Thanks to the technological advantages of the blockchain technology, a lower remittance price is ensured than with the alternative services. The remittance fees in the Ethereum network, for example, are regulated in a special way so that they are always low regardless of the price of the Ethereum

[gembira]

What different here between similar projects? (to be precise, projects which want to make same). I mean Centra, STK and other similat projects. Because they dont have Visa or Mastercard agreement, and so dont have nothing. And you have agreement?

[mohamedfara]

Does the project benefit from being on the blockchain? Should it be on the blockchain?

[mountainskyman]

If you plan microloans feature, how will you identify borrower and lender? and prevent fraud?

[Bank4YOU_Group]

If you plan microloans feature, how will you identify borrower and lender? and prevent fraud?

Hello!
For microloans 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

So Unique biometric indicator of borrower will solve your question.

[Bank4YOU_Group]

Does the project benefit from being on the blockchain? Should it be on the blockchain?

Hello!
Please take your time and study our technical solutions in more detail at https://bank4you.io/docs/Bank4YOU_MMRS_WP_EN.pdf (p. 19-26)

[Bank4YOU_Group]

What different here between similar projects? (to be precise, projects which want to make same). I mean Centra, STK and other similat projects. Because they dont have Visa or Mastercard agreement, and so dont have nothing. And you have agreement?

Bank4YOU Group's Mobile Money Remittance System works mainly with mobile operators to provide quality services. The competitors that you mention are working differently. Collaboration with mobile operators gives us the opportunity to use a wide network around the world.
Mobile money transfer or remittance is ‘a peer-to-peer (P2P) application making use of a mobile device to send money to family or friends, primarily across international borders’ 2. Usually, mobile money is a term used to describe services that allow electronic money transactions over a mobile device. It is also referred to as mobile financial services, mobile wallets, and mobile payments. For the purpose of this white paper, we shall consider mobile money to be a system of electronic payments that allows cross-border money transfers to any country. It also includes the withdrawal of funds in local currency (cash out) via the mobile money service or mobile airtime.

[helen123]

How long ago your project was created?

[Bank4YOU_Group]

How long ago your project was created?

Hello.
Bank4YOU was established in 2013, MMRS project was created in 2017