Remittances is one of the common ways workers abroad send money accross to their families. The high cost fees that are charged when this remittances are made is capable of adding value to the recipient country’s economy. One important factor about this method is that it encourages financial inclusion, and with the KOY Network team who are dedicated to eliminating digital illiteracy in Africa with it's kind of Technology. The following are to be noted when considering Remittance.
High fees: To make remittances, there are fees involved which the sender has to pay for the transfer to be made successfully and this fees are on the high side. To bring a solution to this, KOY Network has decided to build a Fast and Reliable blockchain that can help users perform low-cost cross border payments easily.
Weekends or Holiday break: Making Remittances are impossible during the weekends or holidays due to closure of traditional banks, but with the soon to be launched KOY Super App, you can make your remittances anyday and anytime at your own convenience.
Remote Areas: Most local citizens living in remote areas do not have access to the traditional banks, and this has posed a challenge to both the banked and the unbanked. KOY is about providing users (Especially Africans) with the KOY Wallet that will give users access to send and receive payments, remittances. With your KOY wallet, you have full control over your funds.
KOY Network will offer solutions to the unbanked first of all by providing a platform for them to make fast, cheap and secure transactions. Here are some of the features that community members should expect:
Cross-border Payments: With the KOY Super App, Users will be able to process cross-border payments on the KOY Blockchain with just a few clicks. This transactions will use lightning bolt speed in the sense that users experience no waiting time.
Fast transactions: KOY blockchain will help Immigrants and African residents to run fast transactions and avoid delays in queue when using the traditional banking method. With the capacity to run 40,000 transactions per second and 0.5 block time, KOY Community members are in safe hands.
KOY Wallet: KOY Wallet is a secure wallet where community members can store their $KOYN tokens. $KOYN is the local currency of the KOY Network and will be used in the KOY Wallet.
Once the KOY Wallet is launched, Africans will have no longer have reason to worry over delay of remittances or high-cost of fees. KOY will make transfers and payments very easy in such a way that even if you have no idea about what a Blockchain, you can simply make use of the application and enjoy top-notch features.
Request for your Unique five-character custom username when you join the ongoing Antelope Access Fair Sale hosted by KOY. It is a fair opportunity for Antelope community members to partake and Swap their Antelope supported tokens like $EOS , $TLOS , $WAXP or $UTX.
Simply join the #KOYJumuiya Telegram group and chat up summerskin, bettynjoroge, bryan275 or DAPPerD for them to process the OTP for you. As an early bird, you have so much in stock awaiting you.
#KOYJumuiya Telegram group:
https://t.me/+M2TcBihKfv5kZjA1
Explore the #KOY website and get to read the whitepaper:
https://koy.network
Visit KOY Social accounts:
https://linktr.ee/koynetwork
