XferMoney - Empowering Peer-to-Peer Global Money Transfers

JigaMola

Foreign currency exchange market is the biggest market in financial industry in terms of trading volume. Main participants for this market is large institutional banks and big corporates who control this market. The retail customers like expats, students and even the small and medium enterprises are never in position to negotiate the better rate and they have to pay hefty amount for their forex conversions. With the emergence of technology and social media awareness new concepts have emerged in the market related to peer to peer currency exchange. This is a very lucrative and emerging concept which will catch the eye of every individual in coming days.

XferMoney is a secure, transparent peer-to-peer (P2P) foreign currency exchange platform built on blockchain to enable instant, reliable international money transfers.

Platform is designed to disrupt and replace the traditional way of money transfers by connecting participants directly to exchange money and cut down the middleman, banks or brokers plus costs associated with them.

Xfermoney aims to empowers its users to send money across countries in a quick, easier and secured way at almost zero cost.

Xfermoney comes with real product that works best with blockchain technology and solves real world problem by eliminating the costs related to remittance globally. Xfermoney is the first one to introduce P2P fiat currency remittance platform over blockchain and has a clear edge to be the leading platform in the industry with its highly experienced team.

Why Choose XferMoney?

How It Works

With XferMoney, anyone can send money overseas and it works in simple steps. A user(Sender) opens an account with XferMoney and deposits money in his/her account in local currency. He or she then places an order into the desired currency with designated account in foreign country, then XferMoney matches the order with other users having orders in opposite direction and processes the transaction. Receiver (Designated account by sender) receives the money through local transfer from XferMoney, same applies to opposite direction orders. Essentially, the money never leaves its borders and all fund are transferred locally via XferMoney. This way XferMoney platform makes it possible for the currency conversions to work at zero spread and brings it to the negligible cost in a very democratized process.