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Bank4YOU

Ended
Ended: Jan 31, 2018

Mobile Money Remittance System

Bank4YOU Group appreciates mobile money remittances should be fast, convenient, and safe. It has therefore created a unique and discreet private blockchain system with an inner currency Mobile Money Remittance (MMR), which operates transactions between clients and settles deals between partners in individual countries.The main component of the MMRS is a system of tokens tied to local currencies of the countries of system user’s countries, which enables fast, reliable and cheap remittance of values across the borders of states and continents. Operating such tokens makes it possible to increase the user trust in the system providing the simplest and the most understandable mechanism for converting fiat currencies into electronic ones. The issue of tokens occurs only on condition of the fiat money being brought into the system, which is intended to ensure the stability of the exchange rate.

Mobile Money Remittance System by Bank4YOU Group

Mobile Money Remittance System - first convergence of cryptocurrencies with mobile network operator’s accounts based on blockchain. The Bank4YOU Group’s own, unique card solutions come packed with a range of state of the art mobile banking services. In addition, easy-to-use mobile Bank4You app at no charge, created by a team of highly-skilled and vastly experienced fin-tech specialists can be downloaded at App Store and Play Market.

An electronic payment system that enables the safe execution of cross-border mobile money transfer.

The original convergence of cryptocurrencies with mobile network operator’s accounts based on Ethereum Blockchain.

Website

bank4you.io

Not Verified

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Intro Video

ICO Details

Ticker Symbol:
BFY
Platform
Ethereum (ERC20)
Accepts:
ETH, BTC, USD, GBP, EUR
Hard Cap:
50,000,000 USD
Country:
United Kingdom
Total supply
300,000,000 BFY

Public Crowdsale

Ended
Date Sale:
Nov 6, 2017 — Jan 31, 2018 @ 86 days
Sale Avalable Tokens:
300,000,000 BFY @ 100.0%
Price:
1 BFY = 0.21 USD

Token distribution

Development of digital infrastructure of mobile network operator’s consortium, which will provide functioning of the MMRS system 65.0%
IT development 8.0%
For the Development of a Loan Product Distribution Suite 9.0%
Team members 3.0%
Marketing and Promotion 15.0%

ICO Overview

About Bank4You Established in 2013 and headquartered in London, UK, in 2016 Bank4YOU transformed into Bank4YOU Group, an international consortium of fin-tech service companies operating within the electronic mobile payment services arena. FCA License No715451, issued by the UK's Financial Conduct Authority authorizes Bank4YOU to provide credit. Bank4YOU Group provides customers with a wide range of pre-paid card options as well as other financial solutions. State of the art fin-tech products are developed for people with active lifestyles, such as students, tourists, migrant workers, and frequent travellers. One of the biggest concerns for most people travelling to another country for extended periods is how to obtain access to banking services without the need to be a resident of that country. Bank4You Group makes it really easy for visitors to make in-country as well as cross-border payments, without the need for proof of residency or a local bank account. Its secure money transfer is based on use of state-of-the-art mobile app. Bank4You Group now intends to launch its own ICO in order to accelerate the goal of scaling its service rollout across Africa, Asia, and Latin America. Based on current Bitcoin pricing and investments achieved by other similarly sized projects in the same sector, an indicative estimate for the total funding requirement is $10 million. This funding is required to support the company’s expansion into new markets and to develop enhanced services (including consumer micro-loans and the incorporation of Bitcoin and other crypto currencies within its money transfer services). It is expected to drive exponential customer growth, and the company believes it will have a signicant positive impact on its market value.

Mobile Money Remittance System - first convergence of cryptocurrencies with mobile network operator’s accounts based on blockchain. The Bank4YOU Group’s own, unique card solutions come packed with a range of state of the art mobile banking services. In addition, easy-to-use mobile Bank4You app at no charge, created by a team of highly-skilled and vastly experienced fin-tech specialists can be downloaded at App Store and Play Market.

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Hype ICO Stats

Team

Adam Lane
Managing director
Andrew Malek
Banking Technology Consultant
David Agar
Chief executive officer
Peter Davis
Chief financial officer
Deborah Mills
Legal adviser
Peter Burningham
Talent acquisition adviser
Marcelo Ferreira
Chief technical officer
Sin Chee Saw
Vice president, business development, Asia
Malcolm Bloom
Financial Adviser
Tariyel Tahirov
Vice president, business development, Middle East and СIS
Shahnawaz Aziz
Technical Architecture Adviser
Justin Mccarthy
Chief marketing officer
Paul Scott
Vice president, business development, Africa
Paul Griffiths
Chief Operating Officer

Advisors

Brennan Bennett
Blockchain Technology & Strategy Advisor

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