Have you ever wondered how long it takes for money you sent to a love one to arrive at your recipient’s disposal? Have you thought about the transfer speed, how secured the money you are sending is, and the stress the receipient has to go through before receiving whatever money sent to them? Well, that depends on a range of factors, but at the top of the list is the bank or money transfer company you choose to handle the transaction. Most of these firms as part of their marketing strategies come up with lot of promising offers just to lure senders who want to transfer money elsewhere through their financial services. As a matter of fact, you should not be carried away by these lucrative offers from such companies, because you might end up regretting transacting with them. In this article, I will be highlighting on the very best ICO who will utilize blockchain technology to help everyone out there who would want to make money readily available for their loved ones who are far away from them. This ICO is much interested in the comfort and stress free of its customers. Let’s get started.

Recipients of monetary remittances from loved ones; friends and relatives abroad will now have the opportunity to receive real time notifications of their remittance transactions on both feature and smart phones across the globe especially Africa, thanks to Kora network, an expertise financial service which aims to provide a low cost, financial services platform for all. Kora, stated in their work that, they will be ‘Accessible by SMS/USSD on feature phones or with Internet via a mobile app and powered by blockchain technology, the Kora Network is expected to lower the cost to serve for lowincome populations and brings them into the global economy’.

One key thing why Kora network is the best to transact with and that, will urge everyone to patronize them is that, even though most financial services are uneven and expensive , Kora believes the solution for wide-scale, sustainable adoption of a financial services platform would require three key areas shown in the diagram below;

KORA ECOSYSTEM

It can be seen in Kora’s ecosystem comprising of four participants who will work hand in hand to the best interests of its customers.

Kora has open the door for everyone who wants to join them. Those who want to join the Kora platform are the users as indicated in the diagram. To ensure a smooth transaction of financial services, all users are entreated to comply with the regulatory framework in their country of residence in order to access the Kora Network. There will be service providers who are ever ready to assist users incase of any difficulties accessing the financial anytime in the comfort of their homes.

Providers will give users access to financial services on the Kora Network and will be responsible for regulatory compliance. They are expected to be banks or other financial service providers such as mobile transfer operators or mobile money operators. They will use the Kora Network because they receive a turn-key platform, access to a new market, and a white-label customer interface with KYC tools.

Agents will be the cash points that convert between eFiat (which are digital versions of national currencies) and physical cash for commissions. They will be small businesses that accumulate cash, such as local convenience stores and gas stations. Merchants will be businesses that accept eFiat as payment methods.

With the Long Tail of the global economy, Kora network intends to unlock such issue so as to help its initiative of unlocking benefit populations most in need. This will again help enrich the global economy by unlocking the capital, intellect, and creativity of the neglected and impoverished populace.

To find more information about Kora network, kindly visit the link below;

bountyhive.io/r/oseirans