Remittance Technology that Runs on FLASH
Remittances are a huge international market, over 250m people left their home countries in search of work and most of them send remittances home to their loved ones. Almost $1Trillion are sent annually. Wouldn’t it be great if the cost of these remittances were nearly zero? Wouldn’t that help people back home to keep more of their money?
With FLASH, anyone can send cryptocoins anywhere in the world in seconds virtually for free. The FLASH remittance eco-system includes:
- Crypto coin exchanges
- Crypto coin ATM’s
- Human ATM’s – people who exchange crypto coins for local currency
- Merchants – who accept FLASH in trade
- Language support for the top six Indian languages, Korean, Chinese, Japanese, Spanish and Portuguese
The Safe Cash blockchain is used for the currency transfer; it can complete 25,000 transactions per second and, because it is decentralized with minimal use of Miners, it is relatively inexpensive and eco-friendly to operate which will serve to empower consumers globally.