Zero Bank

ZeroBank is an innovative money transfer and exchange platform that allows instant non-commercial peer-to-peer transactions globally. ZeroBank employs the currently flourishing technologies — blockchain and smart contract — along with the proven sharing economy model to remove the barriers in the traditional remittance and exchange systems, and make a breakthrough in the way people can send, receive, and exchange their money.

Via ZeroBank platform, money can be sent, received, and exchanged quickly, directly, at any time, anywhere in the world through a network of community agents. End-users will bear minimal fees since ZeroBank platform completely removes the interference of the centralized intermediaries like banks, or MTOs.

Who ZeroBank can help?

According to the IMF and the World Bank, the cross-border remittance industry size was an estimated $600 billion in 2017. The World Travel and Tourism Council reported that the world international tourist arrivals in 2017 are approximately 1.3 billion people, with a total visitor exports of $1.4 trillion.

Among the remittance and exchange users who made up these numbers are over 250 million migrants, 5 million international students, those 1.3 billion international tourists, and more. Instead of bearing the current 5% to 10% transaction fees for remittance and up to 27% spread for currency exchange, these users will have a chance to cut the costs at least in half, saving tens of billions of dollars every year, using ZeroBank platform.

The launch of ZeroBank creates new job opportunities for any community members, including taxi drivers, tour guides, hotel receptionists, salesmen, students, etc. via the sharing economy model. Members in the ZeroBank ecosystem not only enjoy its smart service but also can use ZeroBank to earn extra income even without having to understand cryptocurrency or blockchain.

What makes ZeroBank the worthwhile investment comparing to other ICO projects?

Many blockchain-powered payment and remittance gateway projects claim to follow decentralized models, yet propose business processes wherein banking systems play some crucial role. This proposal is purely impractical since it brings all the drawbacks of the traditional centralized banking systems into the projects, not to mention the conflict of interest between these two models.

ZeroBank develops a truly decentralized model utilizing sharing economy, where the network of ZeroBank agents come into play instead of any centralized institutions. The agents are enabled to transfer value from one place/ one currency to another by the use of ZeroBank “money barter” tokens. The network of agents can expand very quickly based on the group of community workers in every market ZeroBank operates, which can apparently be anyone. Low costs due to true decentralization, and increased convenience thanks to the large network of service agents, are the two key differences that make ZeroBank the most feasible ICO project in the remittance and money exchange industry.

The all-star team of ZeroBank

ZeroBank has complied a team of experienced specialists and senior business executives in the top money transfer and exchange institutions and in IT system architecture and management for top-tier banking and financial services.

CEO Kai Yee Goh is a senior executive in the field of money transfer and payment, having held business development and strategic roles in Transfast, United Financial Group, Paypal, Harte-Hanks and Western Union. Along with him, CTO Bao Ly Van is an expert IT architect in banking and financial services with extensive experience working as a consultant and architect for BNP Paribas Fortis (8th largest bank worldwide), AXA Investment Managers, and HSBC Global Banking and Markets.

Not to mention many other team members who are also prominent individuals in the fields, ZeroBank team makes another essential key to drive for success in building up this brand new model, which can disrupt the current money transfer and exchange service markets worldwide.

ZeroBank Roadmap
ZeroBank has made extensive preparation to study the feasibility of the brand new model and finalized with the angel investors and partners from Q4/2017 to Q1/2018. System developments including infrastructure and local blockchain miner and network setup have started in Q2/2018. And ZeroBank’s ICO will be completed with beta version released from August to end of 2018.

Who is the target ZeroBank?

According to the report of the International Monetary Fund and the World Bank, the value of the transnational money transfer industry is estimated at $ 600 billion by 2017. Moreover, according to the Tourism Council and world travelers, the number of international visitors is estimated at about 1.3 billion people, with spending equal to $ 1.4 trillion by 2017.

As such, the number of people involved in transnational currency transnational movements will be more than 250 million migrants, 5 million international students, 1.3 billion international tourists and others. Money transfer to other countries instead of 5% to 10% (with money transfer) or even up to 27% (with money exchange), use ZeroBank to help them reduce the minimum. is half the cost of conversion — saving up to $ 10 billion a year.

ZeroBank also creates a platform that combines the shared economic model to provide new working opportunities for community members such as taxi drivers, tour guides, hotel receptionists, employees sales, students, etc. Participants in the ZeroBank Network are not only enjoying the smart money conversion service but also gaining income even if they have no knowledge of pre-coding or blockchain.

What is the difference between ZeroBank’s success?

The decentralized system will help to reduce costs, facilitate and make ZeroBank one of the most practical ICO projects in the field of money transfer.

Many projects that provide payment gateways and currency conversions based on blockchain applications declare that their projects use distributed models, but their business model depends on the system of funds. row. ZeroBank develops a decentralized distribution system that takes advantage of the shared economy, using ZeroBank’s network of agents instead of centralized interests (like banks). Agents are allowed to convert from one currency to another, from one place to another, through the use of the ZeroBank token unit. ZeroBank’s agent system will expand rapidly based on the force of agents in the community, anyone can become the agent of ZeroBank, in any market where there are ZeroBank.

The minimum cost of dispersing and maximizing the convenience of having an extensive dealer network are two of the key points that make ZeroBank the most feasible ICO in cross currency conversion. nation.

2.2 The key members of ZeroBank

ZeroBank’s development and operations team are seasoned professionals and senior business professionals from leading organizations in the currency conversion industry. They are also IT architects and managers for the world’s leading financial and banking services.

CEO Kai Yee Goh is a senior in the area of ​​payments and currency conversion, having held positions in business development with key positions in Transfast, United Financial Group, Paypal, Harte-Hanks and Western. Union. Along with him, CTO Bao Ly Van — an IT engineer specializing in banking and financial services, has many years of experience working as a consultant and engineer for BNP Paribas Fortis. 8th in the world), AXA Investment Managers, and HSBC Global Banking and Markets.

Not to mention the outstanding individuals in the same field, the ZeroBank team is the key to success when building this new business model — the model promises to completely change the face of the market. Transfers the current international currency.