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

[and1975]

What is the guarantee of the long-term work of this project? How long team worked together?

[martincic]

Will you do promo tokens? and what currencies can I use to buy a token?

[baronandr]

And what is estimated ICO price, please? getting confused a bit

[vuglusk]

What are main features of mobile app you have developed already?

[shchand]

What is the guarantee of the long-term work of this project? How long team worked together?

Established in 2013 and headquartered in London, UK, in 2016 Bank4YOU transformed into Bank4YOU Group, an international consortium of  fin-tech service companies operating within the electronic mobile payment services arena. FCA License No715451, issued by the UK's Financial Conduct Authority authorizes Bank4YOU to provide credit. The company has strong and reliable financial history, and is being supported by legal and financial authorities.
Bank4you Group’s team is international; our team of representatives and advisers are all over the globe. Established in 2013 and headquartered in London, UK, in 2016 Bank4YOU transformed into Bank4YOU
Group, an international consortium of  n-tech service companies operating within the electronic mobile payment services arena. FCA License No715451, issued by the UK's Financial Conduct Authority authorizes
Bank4YOU to provide credit. 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. Bank4You already works with a number of blue-chip organizations, delivering state-of-the-art prepaid card programs that target different user groups. Its customers are able to choose their ideal product from a wide range of pre-paid card options including Bank4You Group’s Corporate card and Premium card, along with mobile banking services.

[shchand]

Will you do promo tokens? and what currencies can I use to buy a token?

No there are only BFY token - Crowdfunding instrument made on Ethereum blockchain.
and MMR token - the token is designed to be a stable inner currency. All the operations inside the system Bank4YOU use MMR, which is not influenced by the volatility.

We accept BTC, ETH, USD, EUR, GPB

[shchand]

What are main features of mobile app you have developed already?

The Bank4You mobile app is available on both the Apple App Store and Google Play. For those looking to enjoy the benefits of personal finance management (PFM), Bank4You mobile app offers:
•   PFM and payment scheduling
•   Transaction grouping by category
•   Payment tracking
•   Convenient and secure payments 24-7
•   Independency from banks
•   Peer-to-peer (P2P) money transfers
•   Near field communication (NFC) payments
•   Quick response (QR) code payments
•   Mobile money remittances
•   Online purchases
•   Micro loans

[shchand]

And what is estimated ICO price, please? getting confused a bit

$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.

[martincic]

What this project is trying to solve?

[baronandr]

Can I just transfer money from your app to my friend, do not buy tokens and etc.?

[maxel83]

What do you mean saying "With implementation of private blockchain..." R U going to design your own platform or what?

[vuglusk]

If I get enough tokens for card4you, then how can I get it? via post?

[MustDream]

How will the investment in your project help to investor?

[shchand]

What this project is trying to solve?

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.

[shchand]

Can I just transfer money from your app to my friend, do not buy tokens and etc.?

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.

[shchand]

What do you mean saying "With implementation of private blockchain..." R U going to design your own platform or what?

The arrangement of a private Blockchain system may even still further (in comparison with a public Blockchain one) lower the remittance fees within the network 24 It is proposed to organize a private Blockchain system as follows: the virtual Bank4YOU Group’s divisions (private nodes) will serve as nodes for transaction verification within the consortium of Organizations participating in the system of international payment transfers. They will provide fast and cheap validation of transactions made by other network members. It is assumed that as the popularity of the system grows, mobile operators will have an economic incentive for placing the peer-to-peer nodes of the system in their data centers. This can significantly reduce the transaction costs associated with money circulation.
In order for participating peers to be convinced of the unfalsifiable nature of the data inside the private Blockchain system, it is proposed to record reference points into the public Blockchain systems (Bitcoin, Ethereum). Any member of the system will therefore be able to verify at any time the data stored in the system. A private Blockchain system makes it possible to renounce the deployment of an expensive IT infrastructure for financial transfers while ensuring the necessary level of trust between the consortium entities

[shchand]

If I get enough tokens for card4you, then how can I get it? via post?

Yes sure it will be send to you via post service .

[illusionspeak]

In what countries I can use app for this moment?

[ave_raves]

how can this compete to Western union or other cash service ?

[shchand]

How will the investment in your project help to investor?

This funding is required to support the company’s expansion into new markets and to develop enhanced services (including consumer micro-loans and the incorporation of Bitcoin and other crypto currencies within its money transfer services). It is expected to drive exponential customer growth, and the company believes it will have a significant positive impact on its market value.