💰 ZeroBank - Your Local Currency ( Airdrop )

pankajborah (48)in #ico • 8 years ago (edited)

ZeroBank - your local currency

⭐️Introduction to ZeroBank

ZeroBank is decentralized money transfer and exchange platform focusing mainly on Remittance Industry. It utilizes a sharing economy model, which depends on its network of agents within a community instead of a centralized institution. Its model is such that it maximizes the system users' benefit by cutting all excessive intermediary cost from the current banking and money transfer organization (MTO) systems, bringing opportunities back to the community.

⭐️Target Industry and Market Size:

Remittance Industry

The world's money transfer industry has long been an increasingly important one, directly influencing international trade, cross-border investment, labor migration market, international education market, and world tourism industry. It is also an industry heavily regulated by governments around the world.Due to cumbersome procedures and expensive
service fees of banks and financial institutions push much of the money transfer industry’s volume through unofficial channels as shown above in the figure.
Most of this amount is spent via cash exchanged and hand-carried, some through personal bank card transactions. This market size is large, the number of tourists continues to grow, and more and more transactions occur each year. The foreign exchange market is such a gold mine for banks and financial institutions with exorbitant fees, and such a sore spot for travelers.

⭐️ZeroBank is solving Market 3 C problem

Cost: As ZEROBank is a decentralized platform and not a brick and mortar platform, unlike traditional sytem cost of operation is less.
Coverage: It has more coverage especially in remote areas where communities are small, and commercial activities are low
Complaince: Legal costs are forcing more and more players out of this market space, leaving customers with less and less option.This is not in case of Zerobank.