how a new platform can change money transfer

Remittances are one of the main components of some countries GDP, some as high forty percent like Tajikistan. That’s why money transfer business is one of the best ways to earn money. Because of rising immigrants, money transfer is becoming bigger. Money transfer organization is as old as banks, but problems in sending money thru money transfer operator’s (MTO’s) still occurs despite long development. You cannot send a small amount of money due to high fees. Because of lack of budget MTO is controlled by a few companies because no one can challenge them they can make a high-profit margin. Sending remittances most of the time will result in losing more than seven percent of value because of low exchange rate practice by this big MTO’s. Smaller MTO cannot compete internationally because of lack of Nostro accounts or funds from receiving country, the purpose of the funds are for the instant transfer of money by giving the stored funds. That’s why some of the people prefer sending money thru mobile applications or websites, the problem is this applications and money transfer websites are the most commonly used for money laundering and fraud. Using centralized mobile money transfer application can be a risk of loss of your money, just like what happen to EPay Tarjeta who lose fund using “Liberty Serve” after Liberty serve a famous electronic money around the world is seized by the US government. The founder of Liberty Serve Arthur Budovsky found guilty, that they are using liberty serve for money laundering purposes and allowing illegal transactions to happen in their own platform. We know we can transfer money using cryptocurrency such a bitcoin or Ethereum, but the common way of transferring fiat to cryptocurrency then into fiat again will lose more than seven percent of the amount because of the widespread cryptocurrency exchanges withdrawals are using plus the mining fee you need to pay for every transaction. The real main problem is there is no budget for small and medium-size MTO to challenge big MTO such as Western Union, Money gram and others, that’s why high transaction fee still happen because of no competition among them.

Knowing the problem I found an ICO that features that may change problems associating money transfer or remittance problems it’s called ZED NETWORK. ZED is designed to help small to medium money transfer operators for efficient and low-cost operation for transferring of money powered by blockchain technologies.

Reasons for small and medium scale money transfer operators (MTO) for choosing ZED network

• Worldwide coverage, Zed network will help small and medium scale MTO’s have a problem operating worldwide services. MTO can transfer money thru partners of ZED network.
• It’s already complete, ZED network is a complete platform package with mobile and web applications. They also included a back office and a KYC and AML recording and reports
• Does not additional IT staff
• Does not need a Nostro account’s or big funds in the receiving country (ZED partners will solve that)
• It’s not bank-dependent, being dependent on banks for money transfer will only slow down the transfer time and will increase the transfer cost
• Powered by blockchain, data is secured transaction can be easily monitored by money transfer operators or the consumer itself. This eliminates conflict and headache between clients and MTO.

ZED network main advantage compared to other MTO’s

• the fast transaction, you will receive your money within five seconds
• Transparent, because ZED network is powered by blockchain every transaction is written in a public ledger.
• Low fee’s, unlike other cryptocurrencies ZED network, does not required miners thus lesser fee’s, thus only cost one percent,
• Less foreign exchange risk or money fluctuation, most common problem when transferring money is the ‘’FX risk’’ because of a very fast transaction with ZED network, hedging plan, and risk management such risk will be avoided.
  Advantage comparing other cryptocurrencies:
• ZED network is powered by Stellar Blockchain. Comparing to bitcoin and Ethereum, the Stellar network has no mining fee’s which make the transfer fee cheaper than the two. The Stellar network is already proven and working network design specifically for payments in multiple currencies, making it the best choice for building platform for payments, money transfer, and remittance. Another advantage is scaling, The Stellar network can handle three thousand transactions per second whereas bitcoin can handle between three to seven transaction per second and Ethereum averages seven transactions per seconds.
  The Team members:
  The team member of ZED network composed of well experience individuals needed for blockchain technology and FinTech. Its founder Alan Safahi is also founder and CEO of ZipZap a platform used for transferring money, not mentioning he’s a former board member, advisor to CEO of Ripple. To avoid money laundering issues they also had Matt McGuire as Chief Compliance Officer (CCO) with more than 21 years in anti-money laundering and counter-terrorist financing. He had already build anti-money laundering/counter-terrorist financing program development in seven cryptocurrency exchanges. ZED network advisors compose of good experience in blockchain technology like one of its advisor is Aly Madhavji is also an advisor of Polymath, senior advisor of Cryptyk and Senior advisor of DiscoveryIoT this three are blockchain technologies, he is also the Co-founder and the former Chief Executive Officer of Global DCX (rebranded as Alluma) a digital currency exchange in which you can trade bitcoin and other cryptocurrencies. For more information of the team member click hereand advisors here

Early investor benefit on the ZED network

• Token holders will get rewards for holding ZED tokens ten percent bonus for holding the token one year after the general offering. Thirty percent bonus holding the tokens two years after the general offering. Sixty percent bonus holding the tokens for three years after the general offering. All rewards will be given in ZED tokens

Token details:
Total tokens: 100 billion
Total token offering 21 billion
Platform: Stellar network
Private offering start on September 30, 2018, 12 AM UTC
Private offering ends on December 30, 2018, 12 AM UTC or hit its sales target 1 billion token sale whichever comes first.
Can be purchased using: ETH, BTC, CAD, and USD

for more information:
website
white paper
Ann

Author: gawer33
Profile link: profile
Stellar address:GDAGZOKES2V3CA2GZDT34CDZIV4SDZYQPRTE4UNUWFNIDZXW27XJVZYJ