Orbis Money Transfer and Investments

adebits (11)in #bitcoin • 6 years ago

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An unbiased evaluation of the global financial system will clearly show that it is been control by few cabals who are only working for their own interest and the interest of their cronies, the system is highly centralized and does not serve the inteterest of the masses. These are the banks and financial institutions that operates internationally, which have a vested interest in maintaining their status quo.

Their actions has done us bad more than good and some of them are the global financial crisis of 2008 and the European sovereign debt crisis of 2010 and all these clearly demonstrate that the system needs a drastic change.

Instant global transfer of money is also one aspect of the global financial system that is in need of dire change. The amount of money sent in remittance each year is roughly equal to the amount of money that is donated in international financial aid. In 2014, for instance, these remittances totaled $596 billion worldwide, with an enormous chunk of that ($436 billion) taking the form of a remittance to a developing country, though remittance is being handled by banks but it is very important to let my readers know that this multi billion financial service is being controlled by three major giants. These giants are: Western Union, Moneygram, and RiaMoney. Between the three of them, they possess over 1.1 million retail locations around the world in 200 countries.

With the help of blockchain technology and smart contract, Orbis transfer and investment aim to challenge these established monopolies by providing a scalable and efficient online service using P2P (peer-to-peer) technology,the platform will be able to operate with significantly lower overhead and have lower fees than any other bank or money transfer institution. Orbis willl also provide a self-service system that no competitor does .

Orbis Vision

ORBIS seeks to bridge the gap, too. They currently aim to provide financial access to 3 million unbanked persons across Latin America, Africa, and Asia by 2020 through partnerships with banks. Orbis self-service platform will provide an accessible solution to these people and allow them their first opportunity to unlock the opportunities that finance grants them. These opportunities will include debit card ownership, smartphones with ORBIS payment apps, and QR and barcode scanning.

The platform will create an opportunity for the unbanked than what will be offered to them by existing financial institutions, which are prone to human error and can be both time-consuming and burdensome. ORBIS offers solutions which are cutting-edge by today’s standards, so these newly banked people won’t be playing catch-up. Safe and limitless transfers, fraud prevention, fast transactions, and much more will all be built into the system, from ORBIS branches to VR chat robots.

Orbis Ecosystem

Orbis Company will provide innovative transfer, payment and investment services using technology. This technology combined with mobile and computer software, will give mankind the opportunity to make money transfers, investments and payments using our self-service machines, as well as personal smartphones and computers with internet access.

Payment methods using NFC mobile technology and debit cards offered by Orbis Company will be the next step in reducing the flow of cash money from the market. Free wireless Points of Sales offered will help small traders, entrepreneurs, self-employed, small as well as big business owners, receive payment for their services and products.

Orbis Target Market

40% of the world's population, mostly comprised of population in developing countries, does not have a bank account. Despite the increased adoption of non-cash forms of transactions (cards) with the volume having grown by more than 10% to reach 500 billion in 2017, the circulation of cash has increased only slightly across multiple markets during the past five years.

In order to lead the revolution, Orbis will partner with third party financial institutions (the bank) to provide financial access to 3 million unbanked people in Africa, Latin America ans Asia, projected to be accomplished on/before 2020. These set of people will be provided with Orbis Debit card and a smartphone with the Orbis Mobile Payment Applications installed on it that will be easy to operate by its users.

The coalition will focus efforts on 25 countries (mostly African), where 73% of all financially excluded people live in the age range of 25 to 75 years old of expatriates as well as unbanked.