It is not a secret that conventional banking system doesn’t give many benefits for people. Bank indeed provides security for their money and also convenience to transfer money or make payment. However, the fee can be really high, not to mention that there is no transparency in the system. YayProto wants to solve those problems by providing decentralized money transfer system that offers convenience and anonymity traditional money transfer system cannot give.
About YayProto
YayProto is the first multipurpose binary protocol in the world that is developed to create decentralized banking and payment technology. The vision of this project is to develop a decentralized money transfer technology that is based on blockchain and cryptocurrency. The best thing about YayProto is the money transfer system will be private so it will be a nice option for users who value their privacy. YayProto will release a token called YFN. This token later will be used to obtain services in YayProto platform.
Main Features
The beta version of YayProto’s SDK for iOS and Android will be ready on May 2018. Once the platform is launched, users can enjoy these following features in the convenience of their mobile phone.
Money Transfer to Any Part of the World
With the help of YayProto platform, users can send money both locally and internationally. The recipient also will receive the money in a timely manner.
Wallet
YayProto comes with its own wallet so users will not only able to transfer money conveniently, they also will be able to store their tokens in a safe place.
Marketplace
YayProto is more than just a money transfer platform. It also provides a very secure marketplace where users can easily open their own stores. Since this marketplace will be based on blockchain, the transaction process in this platform will be much simpler and also more reliable.
Card
As the platform and the token grow, users will be able to use YayProto not only for online transaction, but also offline transaction. To make both online and offline transaction, this cryptocurrency project will issue virtual and physical cards that can be used for various purpose in numerous online and offline merchants.
P2P Exchange
This one might be the best feature of this platform, which also distinguishes it from other similar money transfer platform. Instead of relying on authority and third party, users can send money directly to each other thanks to the platform’s secure peer to peer technology. To support the P2P exchange and money transfer, this platform also comes with encrypted messaging app. Furthermore, it also allows the users to provide loans to other people by taking advantage of advanced blockchain technology.
Conclusion
In this modern era, more people are in need of a secure and private money transfer system and a blockchain based platform like YayProto is clearly the answer for that. Even though it is advertised as decentralized money transfer platform, YayProto is more than just that. It is a full-pledged banking system that can be an alternative for people who are tired of the complicacy of conventional banking system.
More Information:
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=3004803
Telegram: https://t.me/YayProto_ICO
YouTube: https://www.youtube.com/channel/UC17nf13s9jPvcwCKuNjTUsQ
Whitepaper: https://ico.yayfon.com/whitepaper
Website: https://ico.yayfon.com
Twitter: https://twitter.com/YayProto
Facebook: https://www.facebook.com/YayProto
Author: cewekimut
My Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=903114