Friday, 2 March 2018



  1. Bank4You platform
  2. Purpose
  3. Problems and solutions
  4. Advantages
  5. How it works
  6. Token
  7. ICO condition
  8. Conclusion

Bank4You platform

Bank4YOU Group is an international group of financial companies that has been successfully operating in the electronic payment services industry since 2013. It includes units that develop dynamic business relationships with key partners in the markets of Southeast Asia and South-East Africa. The main field of activity is the provision of mobile banking services around the world.

Bank4YOU Group — helps clients to forget about the bureaucracy that is associated with the discovery
bank accounts and offers convenient procedures, significantly saving customers time.
Bank4YOU Group — owns its own card system based on Visa cards, with a full
mobile banking, which includes both the possibility of free money transfers around the world, as well as concierge services and other advantages.


The purpose of the Mobile Money Remittance System project fromBank4YOU Group is to say a new word in the world of international transfers and finteha, and to give access to fast, convenient, safe payments to millions of clients from developing and young economies. Our solution for millions of people in Africa, Latin America and Asia lies in the mobile phone, and through it opens not only access to international transfers, but also to cryptocurrencies.

Problems and solutions

Issue 1: 
For the free functioning of the system of transfers within and outside the state, there should be no restrictions on the part of the financial regulator of this state (central bank), as well as open markets.
The technological advantage of solutions on the network of blockrooms is that, for functioning as a means of payment, they do not require representation in any country or legislative consolidation of their presence. Restrictions in the form of a ban will create a black market for electronic means of payment, which is likely to complicate their use, but will not stop completely. Technologically, blocking a solution is possible only by completely banning network communications at the transport level. Such advantages of technology provide a huge potential for creating open markets without borders.
Issue 2: 
For banking services, a large number of digital infrastructure and user identification tools are needed.
Similarly to mobile money systems, it is proposed to use the existing hardware base: smartphones with a fingerprint scanner and camera provide both Internet access for carrying out transactions of various types, and the possibility of biometric identification of the user. In essence, the paradigm shift addresses the problem of users accessing traditional banking services not by building new branches in hard-to-reach sparsely populated areas, but by bringing banking services to mobile users’ phones.
Issue 3: 
Existing systems do not provide an opportunity to carry out cross-border transfers in any direction, the cost of services can be reduced.
To solve the problems of users it is necessary to ensure:
  1. Minimum volatility of means of payment within the system
  2. A lower price for translation services than alternative services
  3. Simplicity of converting payment means of the system to other means of payment and simplicity
    B2C Interactions


A payment facility will be implemented on the basis of blocking technology (digital tokens), which will be freely convertible into a currency, mobile money and airtime minutes first in individual states and then all over the world.
Reduction of commission
According to the aforementioned GSMA report on international transfers using mobile money, the average price for transfer from a country to the country is 2.7% (excluding the cash withdrawal rate) for amounts over $ 200 (amounts less than $ 200 are more expensive to translate, the lower is the amount , the greater part of it is lost when translated).
Technological advantages of the network blockage provide the ability to carry out transactions much cheaper. Commission fees for transfers in the Ethereum network, for example, are regulated in a special way so that the transfer price is always low regardless of the price of Ethereum:

That allows you to offer lower fees even compared to mobile money technology (for example, M-PESA charges a fixed fee of $ 0.4 USD for P2P transfers and a withdrawal fee of $ 0.3 for withdrawals in the amount of up to $ 33), especially if there is no need for an instant transaction (in the case of increasing the transaction confirmation time to 5 minutes, the commission is significantly reduced).
Apparently, the price of translation in a public blockchain Ethereum is much cheaper than the price for the transfer of any of the systems under consideration. (see the diagram of Average remittances costs for global MTOs and mobile money providers).

How does it work

Bank4YOU Group plans to provide financial guarantees to mobile operators (both global and local). The principle is based on purchasing the time of a mobile operator and obtaining a discount by attracting large volumes of orders. The money will be sent to local mobile operators from new customers, through a new channel — Bank4YOU Group . Thanks to the discount and dealer agreement, the turnover of the mobile operator will be significantly increased due to a significant increase in the number of transactions made by users of money transfer services.


What is MMR and BFY?
Mobile Money Remittance (MMR) is an internal token of the mobile payment system, in which transfers will be made. The developers have found an excellent solution to how to avoid the volatility of the course, because for the system’s payment system this phenomenon is highly undesirable. That is why the token is linked to the real money assets and minutes of the mobile operator. For each specific transfer, the required number of MMR tokens will be issued, which will then be exchanged for the required fiat currency.
In parallel with MMR, there will be another BFY token in the system. Its developers decided to implement in order not to deprive investors and traders of the opportunity to play on the course. Unlike MMR, BFY will not be stable in its course and has no binding to anything.
The internal currency will be called MMR — Mobile money remittance. The payment ability of such currency is thus ensured by the payment capacity of the currency in the account Bank4YOU Group for mobile operators (see — Consortium of mobile operators Bank4YOU Group), mainly USD. The MMR is issued only for deposited fiat money and will be freely convertible to any payment means in the territories of different countries: currency, mobile money, airtime minutes, depending on the user’s needs and the specifics of the local market. Conversion rates are determined by Bank4YOU Group in partnership with mobile operators, the exchange is performed using a mobile application. Thanks to a fixed exchange rate, MMR is protected from volatility.
The main component of the system is a token, which is linked to the currency of the country where the recipient is located. It is he who helps quickly and reliably, and most importantly it is cheap to receive and transfer money.
For those wishing to receive long-term profit from the system’s operation, an ICO token Bank4YOU Group (BFY) on the Ethereum platform will be conducted. The BFY token will allow you to profit from the activity of the transfer system and from other financial transactions. In addition, it will allow to receive discounts for the purchase of MMR, that is cheaper services of cross-border transfers

The BFY token will give you the right to receive:
  1. The part of the income received from banking activities of Bank4YOU Group;
  2. Discounts for the purchase of MMR;
  3. Part of the total turnover of the system of international money transfers

ICO Condition

Start on 11/6/2017
Expiration date is 31/03/2018
Token — BFY
Platform — Ethereum
Type — ERC20
Current rate 1 BFY = 0.21 USD
Tokenov for sale — 240 million
Total number of tokens 300 million
The minimum deposit is 100 USD.
Accept — only ETH, BTC


MMRS is a block-project from the company, which has been carrying out real activity in the financial sector for 4 years. The developers set a goal to create a system of fast and reliable mobile payments between countries and continents, which will not be controlled by states and third parties. Based on their previous work, you can say there is trust in the team, there are future projects behind the project. Join now!

  1. WebSitе

No comments:

Post a Comment

Bitrewards ICO-[Bonuses and Loyalty Points are Transformed Into Cryptographic Currency Based on Blockchain Technology]

What Is BitRewards?  Bitrewards is the blockchain rewards and loyalty system for e-commerce business. This allows online store for t...

Popular Posts