Users from across the globe register in your app. They can transfer money to each other instantly. Here is a simple user journey for your understating:
- John( U.S ) and Smith ( France ) are Registered Users in your Money Transfer App.
- John wants to Transfer $1000 to Smith.
- John Logins to the App > Deposits $1000 inside his account using his Credit Card. The fund shows up in his wallet inside the app.
- Then he keys in the Mobile number of the person, he wants to send $1000 to. In this case he enters the mobile number of Smith > Immediately Smiths profile shows > He chooses it.
- He enters the amount he wants to send ie. “$1000” and hits the SEND button.
The $1000 gets converted to Cryptocurrency ( Stellar XLM coins ) > Gets deposited in the wallet of Smith.
Smith gets a notification on receiving EURO 880 ie. $1000.
Smith clicks Withdraw > The Cryptocurrency gets converted to EURO and gets deposited in his account.
As the App owner, How do I make money?
There are 2 lucrative revenue streams available in this blockchain powered Money Transfer app:
Fee for each Transaction: In the Admin Panel, You can set a %age of commission for each transaction as the fee. Whenever the users transfer money, this fee is applied automatically for each transaction. You make money.
Commission on Buy / Sell: Whenever Fiat money gets converted to Crypto -and- Crypto back to Fiat money, there is actually a BUY/ SELL function happening in the backend. And you can fix the Buy/Sell rate from the Admin panel. Based on the profit margin you require, you can set the Buy/ Sell rate at the backend.
Top 4 Reasons to buy this Blockchain powered Finance App Script:
Cross Border / Cross Country Money Transfer has always been an un-solved issue. Even now it involves extensive documentation, costly transfer fees, Time consuming process etc. Users will be more than glad to use your App which solves all the above issues, and provides a low cost, quick and hassle free money transfer.
With Cryptocurrency in picture, experts anticipate FINTECH to boom like never before. This incredible and readymade Finance App can get you to start a Blockchain powered Fintech business instantly.
Done on React Native, this powerful Money transfer App comes with an incredible layout and design. It is available for both IOS and Android. The backend is done on Node JS and Mongo DB. For Free , you get the full source code of this incredible system with perfect documentation.
Every VC and Investor out there is looking for a Blockchain powered FinTech idea to fund. People are getting funded for just telling out an idea. Use this Ready-made Software and show them a working MVP and get funded instantly!
