ZED | Global Platform for MTO

Good day! Today I want to tell you about the Zed Network project
Currently, there is a significant increase in the number of migrants around the world.
The consequence of global migration is an unsatisfactory economic situation, the desire to earn more money in another country, as well as the military situation in the region. The leaders in the number of migrants are the most prosperous countries for living, such as the United States and All Western European countries. Due to the tense situation in the Syrian region, millions of people were forced to emigrate to Turkey and Western Europe.
It is safe to say that every migrant has relatives at home. There is no doubt that they require continued financial assistance. They usually use bank transfers. According to experts, the volume of Bank transfers is more than 600 billion dollars! Such industry giants as Western Union control 25% of all transfers, and the remaining 75% is small companies. Due to the lack of competition in this area, large companies set a high percentage for Bank transfer (8%)

Problems of Bank transfers.

At the moment, the main part of all international non-cash transfers is carried out through the SWIFT system. This system allows you to securely transfer money to most countries in different currencies, but the process is slow and too expensive. Recipients of remittances can be individuals and legal entities.
There is a strong dependence on the relationship between banks and money transfer operators in this area. Large players have already built long-term mutually beneficial relations with banks, but for small companies this is a serious obstacle to doing business. Bankers do not want to take risks and sometimes block the accounts of small operators.
There is also a problem with transferring funds in different currencies. Some financial institutions do not provide this opportunity to small companies.
Due to the lack of a sufficient number of qualified personnel and technical resources, some operators are unable to provide their customers with a mobile application for ease of use. For this reason, most customers usually choose large companies.
The lack of sufficient funds for international transfers. Small companies have to seek help from intermediaries. Every broker has its own minimum transaction limit and monthly administration fees. Not everyone will be able to work in such conditions.

Because of these problems, many operators found themselves in unfavorable conditions for work and were forced to change the direction of business or close completely.
New innovative and cost-effective solutions are needed for the successful development of money transfer operators. The Zed Network platform can provide them with these solutions.

Solutions

The developers offer their customers the possibility of making money transfers with the use of the blockchain. The introduction of this technology in your business will enable small companies to compete on an equal footing with major players. It will also allow you to cut costs and reduce disputes between clients. Zed Network will be able to reduce the dependence of its customers on the SWIFT system and provide a faster and cheaper option for money transfers. The platform will provide free maintenance during the year, which includes mobile applications, wallet, web application, technical support. All licensed MTO will be combined into one system. This will allow operators to easily and safely transfer funds in different currencies.

The advantages of the platform

The main advantage of the platform is decentralization. Reliability, security, high transaction speed and transparency. Zed Network is based on the Stellar blockchain.
All transactions will be recorded in the blockchain.
The lack of a single centralized data warehouse. All data will be stored in different countries or organizations.
ZED is not an anonymous cryptocurrency. To make a transfer you will need to pass KYC. The platform aims to cooperate with accredited investors from the USA, Canada and several other countries. To buy a token on the exchange, you must also pass KYC.
The platform does not provide for the possibility of mining ZED tokens. Transactions are much cheaper and faster in contrast to BTC or ETH.
High transaction speed (3-5 seconds) will help to avoid serious risks due to currency fluctuations of ZED.
The transaction fee will be 1%.
ZED uses a Platform as a Service (PaaS) model to deliver ZED platform, apps and reporting tools to MTO to use in order to immediately take advantage of ZED currency without any technical development.

Competitors

ZED token

All money transfer operations will be carried out using ZED tokens. The maximum amount is 100 billion. 21 billion will be sold to accredited investors and money transfer operators to carry out their activities.

Tokensale

✅ Total supply: 100,000,000,00 ZED
✅ Token Sale: 21,000,000,000 ZED
✅ Token: ZED
✅ Private Sale (Accredited Investors): July 30 - December 30, 2018 - 1,000,000,000 ZED
✅ Public Sale (KYC'd Investors): September 30, 2019 - December 30, 2019 - 4,000,000,000 ZED
✅ Future Token Sales (MTOs for liquidity): 16,000,000,000 ZED
✅ Total Token Sale: $129,000,000
✅ Purchase method accepted: USD, CAD, BTC, ETH, XLM
✅ Token Price: 1 ZED = $0.030

Team

The development team consists of highly qualified specialists with many years of experience in the organization of money transfers. The main office of the company is located in Canada, Ontario. The team plans to expand its influence in Asia, Africa and the Middle East.
More information about the team https://www.zed.network/

Conclusion:
It is obvious that the money transfer industry requires innovative solutions.
Developers want to create a universal platform for secure and fast transactions between operators using blockchain technology. Given the fact that remittances are closely monitored by centralized services, the project may have serious problems with the implementation of the idea. The developers claim that they can obtain a license if necessary. It is also worth noting that the project has a serious working competitor in the market - Ripple. It will be interesting to observe the development of the project.

More information

Official site: http://www.zed.network
LinkedIn: https://www.linkedin.com/company/zednetwork
Whitepaper: https://docs.google.com/document/d/1aBhsROQL5Cz2om7Six4sGKPLeUiNNAqVT_u0Vju-quY/edit#heading=h.1946w2x0xt96
ANN thread: https://bitcointalk.org/index.php?topic=2304383.0
Telegram channel: https://t.me/zednetworkinc
Facebook: http://www.facebook.com/zednetworkinc
Twitter: http://www.twitter.com/zednetwork