Fuleex aims to become an integral payment system for people to execute transfers to others around the world. Currently, the cross-border money transaction sector involves very high costs. For those who regularly send money internationally, the processing fees can quickly add up. By utilizing the blockchain technology, this is the issue that Fuleex envisions itself to be solving. Blockchain technology removes the monopoly that traditional banks hold on the market, and discourages any intentions to withhold any information from users, since all the information are on the ledger for users to verify.
According to World Bank Statistics, the global remittance sector was valued at $613b in 2017, and looking to grow further in 2018. This serves as an opportunity for disruptive technologies such as the blockchain to enter the market and lower the costs for using the services in the industry, which in turn will result in the improvement of lives of people working all around the world. Fuleex has a strong desire to enter the market to help users lower the exorbitant existing costs for cross-border money transactions. By using the Fuleex Blockchain Technology platform with its Money Service Centre partners in over 20 countries, Fuleex will help users save on the high transfer costs charged by institutional money service organizations.
To ensure high customer satisfaction levels, Fuleex ensures fast and simple registration process for users and efficient customer service via Fuleex’s digital platform and customer care centres. Fuleex allows quick funds management for both individuals and corporate clients, enabling transfer and receive of funds from bank to bank accounts in over 30 countries.
On top of that, Fuleex is also building a full-fledged cryptocurrency exchange. We will release more information about this in another article.
Keen to know more about Fuleex? Visit our website at https://www.fuleex.io/
