Innovative Financial Solution based on Blockchain Around the Corner.
Using apps becomes more and more widespread practice, especially in a digitally enabled city like London. It is not surprising to witness the mass popularity of apps specifically designed for the financial services industry. Mobile money remittance apps are having a significant impact on the industry by making the financial operations more convenient and enhancing the significant usability experience.
Truly, mobile devices are always at hand to enhance our everyday experiences: simplifying payments, providing fast money transfers to family and friends, just in seconds. According to a GSMA “State of the Industry Report” , mobile money providers are processing an average 30,000 transactions per minute, or more than 43 million per day. Annually industry processes more than $22 billion in transactions!
In a number of countries in Africa, Asia and Latin America, there are far more cellphones than bank accounts. Residents prefer to transfer money bypassing banks, as this option can protect their savings from political turbulence. They avoid using local currencies, as value declines significantly due to the inflation. In such conditions Bank4YOU Group came to the conclusion that it’s time to act fast and launch an ICO campaign for creation of a global solution, which aims to improve millions of under banked people.
There are moments in life where realizations emerge that define the future routes. This year such moment for Bank4YOU Group happened when CEO David Agar and CCO Sin Chee debuted with ground-breaking new product at Finovate Asia 2017, an international fintech innovations conference in Hong Kong.
A mobile money remittance system on blockchain implemented into dedicated financial services Bank4YOU app was presented to the audience as a perfect companion for comfortable cross-border mobile money transfers for frequent travellers and business people.
Bank4YOU app was designed in addition to pre-paid cards, which do not require any residency specifications for obtaining one. The app is totally free, is quick and easy to use and can be downloaded at App Store and Google Play. A week later the mobile money remittance system (MMRS) by Bank4YOU Group has closed its early supporter presale having raised two million dollars through its BFY token sale.
COO Paul Griffith is currently preparing to present MMRS at GCC Blockchain Conference in Dusit Thani Dubai on the 23d of November.
There he will deliver a speech about our cutting edge innovative MMRS app features that aim to transform the world for the better.
At the moment developer’s team at Bank4YOU Group is refining the mobile money remittance system, integrated into the Bank4YOU app. In Q4 2018 you are about to obtain not a mobile wallet, but an effective tool converging crypto currency operations with mobile network operator’s accounts. This system is leading many to try new ways to leverage technology in order to make the whole process of money remittance easier.
