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