What XferMoney actually is:

XferMoney is a platform where it enables people to exchange their money into an international currency and to provide them a safe environment to do so. This platform is on the basis of Ethereum blockchain technology. This also helps the people to connect directly to their participants without the unnecessary involvement of any third-party agent. It also costs little to no money when the currencies are exchanged with participants of other countries.

The challenges it faces:

The problems the XferMoney faces are:
• Every time when the time comes for the currency exchange, it forces all the outside parties to interfere in, like the bank or brokers.
• This is a huge competition among the other bidders because the big companies offer better rates for their customers while the people below them face the loss.
• This current era has now seen that P2P forex platform which has now entered the market. They also make these claims to take the unnecessary nominal fee from everyone. But in spite of that, there estimation proves that even though when all of this is happening, the people have to only pay for 0.75% of the transfer fee which is non nominal. A lot has to be done to get rid of these issues for the people.

Benefits:

XferMoney has the following advantages:
• The cost of it is comparatively cheaper and have little to no cost for its exchange services.
• The exchange and transfer of the currency is rapid and smooth.
• The XferMoney is equipped with blockchain technology which makes it easier and safer to get through the task without fear of snooping around and with complete trust.
• The people have complete hold on their funds which they wish to deliver.
• Active customer service with instant replies to queries.
• They are reliable and easily accessible.
• They are fully available without a break whole day.

The way it works:

The above diagram explains how in the first step, a guy wants to send the amount from US to UK and uses his XferMoney account and then the user gets the amount in the US dollars. In the second step, the XferMoney matches the same money order and now that guy’s sister gets the amount in UK dollars. XferMoney acts as a conversion factor between the two people.

Mission:

The mission of this platform is to make a way out for the retail customers to do as much exchange as they want but without any cost. Also, the companies has these following missions which they have to reach out to:
• To provide better technology which only has access within banks, etc.
• Hiding nothing from the investors so they can have full trust among the people.
• Provide the best of security to the people and their details and money.
• To create an environment of trust and companionship.

Token sale:

There are 70% of the funds used for XMY tokensale. Then 20% is used in team and founders of the XferMoney. 5% is used each on advisors and market campaigns.

70% XFM tokens have been allotted for whole of the token sale. It will occur in total two phases. Both the phases will have equal number of tokens assigned to them. The beta launch for product expansion will occur before the second phase.

Token price:

Following graph is showing the price of XMY against ETH.

FEATURED:

Core Team:

For more Information please visit the official links below:

WEBSITE: https://xfermoney.io/
WHITEPAPER: https://mail.google.com/mail/u/0/#inbox/162524690dbc6b04?projector=1&messagePartId=0.1
TELEGRAM: https://t.me/xfermoney
FACEBOOK PAGE: https://www.facebook.com/Xfermoney-136308600385196
TWITTER: https://twitter.com/XferMoney
BITCOINTALK: https://bitcointalk.org/index.php?action=profile;u=1537294
REDDIT: https://www.reddit.com/user/xfermoney
MEDIUM: https://medium.com/@xfermoney

Author: Ahtsham
Bitcointalk username: ahtsham90
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1026755;sa=summary
Ether Address: 0x66EF10B68C2e765E9CbF5994D2d8CAd7F9b0E748