ORBIS TRANSFER: Revolutionising Money Transfer and Investment

phlaser (42)in #orbis • 6 years ago

A thorough study of our financial system would reveal that it is solely managed and controlled by a group of individuals. These individuals are the Kingpins and their interest is of uptmost priority in daily activities within the sector, thus defining a proper centralised system.

The Kingpins' Action in the financial system has done more harm than good to the world at large. A typical example of the extent of damaged done to the financial system was observed in the Global Financial Meltdown of 2008 and the European Sovereign Debt Crisis of 2010

Another challenge been faced in the financial sector is delayed confirmation of transactions. Transactions most times are delayed for about 3-5 days, which is not ethical, convenient and can ruin business for the customers. To avoid the delay and get transactions confirmed faster, customers go through intermediaries who waste no time in charging outrageously for their services.

There is an urgent need to put an end to this. To eradicate the centralized system, intermediaries and delayed transaction processes. Thus, The Blockchain Technology.

Blockchain Technology is a decntralized platform that is transparent and secured in storage of events and traslnsaction history on the blocks. The ledger is open to the public. The blockchain in other words distribute power to all users and transactions are confirmed within few seconds/minutes.

DIGITAL PAYMENTS
Advance of IT (Information Technology) over the years brought about digital payments of good and services via gadgets. Cashless system has been enbraced by the world, enabling individuals to effect transactions via Point Of Sale (POS). Research confirmed that Global transactions via digital payment from 2013 through 2017 increased with about 11.3%, which is valued at $450 billion today. This growth has brought the introduction of concepts of digital payments as seen in Apple Pay, Google Pay, NFC Payment and others.

ORBIS ECOSYSTEM

Orbis is an innovative company with a vision to providing transfer, payment and investment services to all clients. With the combination of cryptocurrency tokens, blockchain technology, mobile and computer software, Orbis intend to revolutionised the financial system giving everyone the opportunity to make money transfers, investments and payments using the orbis ecosystem as well as smartphones.

The likes of Bitcoin, Riple, Viacoin and many other cryptocurrencies are providing such services but virtually, thus inhibiting the full effect in the world. Orbis is changing that by bringing services to real world. Orbis will open physical branches at every nooks and crannies of the world providing self-service ATM machines and AI enabled customer service desks that will automatically provide monetary tramsactions and services.

ORBIS SOLUTION TO PROBLEMS IN THE TRADITIONAL FINANCIAL SYSTEM
ORBIS will arrest problems associated with the present financial system by:
a. Instant confirmation of transactions.
b. Removal of unnecessary and excessive paper work and bureaucracy in the financial system.
c. Transaction charges will be reduced if not total removal by eliminating intermediaries.
d. Providing a "Do It Yourself" platform where individuals can initiate self services.

ORBIS TARGET MARKET
Thorough research by the Orbis team confirmed that 40% of the world's population do not have bank accounts. These set of people are mostly from the developing countries, thus the need to market Orbis to them.

In order to beat other digital payment platforms readily operational, Orbis would 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.

With a partnership focus on 25 countries, mostly from Africa, Orbis targeted audience are people within the age 17 - 75 years, Expat (peole living and working outside their home country) as well as Banked and Unbanked people.

ORBIT STRATEGY
Orbis is adopting the following selling point to the world:

Ease of use
Safety
Speed
Accessibilty
Transactions Convenience
Confidentiality
Cost and Transparency

ORBIS COINS

Orbis have two distinct coins, ORBS and ORBSi. ORBS is the Orbis utility coin that would be available to users on the platform for all form of paymemts without fees. It is stable. ORBSi on the other hand is the security coin and would be released to all cryptocurrency exchanges and traders.