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Blockchain-bank Zamzam launched a demo MVP in the format of a payment wallet: Zam.wallet. The product’s main innovation is that users can send money by cell phone number, even if a payee doesn’t yet have Zamzam’s crypto-wallet.
The demo version of Zam.wallet is available in numerous formats and can be used by users of Web, iOS and Android devices.Currently, the system allows users to make payments in four currencies: BTC, BTC Cash, ETH and Zamzam tokens. In addition to transactions, the current version of Zam.wallet allows users not only to see their account balance and transaction history, but also to create a new account with SMS confirmation to their cell phone.
The transaction process itself is organised in a unique way: users need only enter the sum to be transferred and the recipient’s cell phone number. If a payee hasn’t installed the Zamzam app yet, he or she will receive an SMS with notification of receipt of funds and a link to register and download the app. If he/she doesn’t register, the payment will be returned to the sender.
The MVP is currently being worked on behind closed doors and has been presented only to a small group of investors. Officially, the MVP will be publicly available soon.
In the future, Zamzam is going to turn Zam.wallet into a convenient and inexpensive platform for cross-border payments of both fiat and crypto currency. It is also expected that Visa and Mastercard cardholders will be able to utilize their credit cards, thereby enabling clients to pay for goods and services using Zamzam.
To learn more about Zamzam:
Http://zam.io/en
Facebook: https://www.facebook.com/zamzambank
Twitter: https://twitter.com/zamzambank
Join the discussion: https://t.me/zamzamchat
Username: Vario hitam
My Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1624712
Ethereum address: 0xB2d70D6535e16EE25c26f96530254d1f0d73812F
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