$$$ - Githubissues

findmyflock / hacknight-2017-refugee

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$$$ #9

Open switzersc opened 7 years ago

switzersc commented 7 years ago

Problem statement:

Welcome to The Home of Currency Transfer - Welcome to The Home of Currency Transfer

Goals:

minimal fees
scalability
stability of currency

Three tiers of approach:

Crypto-currency: Pegged cryptocurrency that is stable against USD and has minimal fees, and can be connected with bank accounts
Conventional: Banks
Third party: Apps, OFX, MobiCash, CurrencyTransfer.com (see vid above), etc

Research: transfer costs.xlsx

switzersc commented 7 years ago

Notes:

Transfer Types Cryptocurrency SWIFT / Bank Transfers -- typically $25 -35 flat rate per transfer E-checks Mobile platforms Mobicash is fastest growing cashless (mobile) service in Africa and middle east region. Founded by and African (Rwanda) so the company is sympathetic to non-western world. Corresponding Banks - consider sending cash to a dubai corresponding bank