How Does this blockchain Powered Money transfer App Work? - ICO App Factory

How Does this blockchain Powered Money transfer App Work? 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

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