RedAnts is developing a next generation money services platform using cryptocurrency and blockchain technology. They aim to disrupt the global remittance market, which currently sees high costs of over 8% on average to send $200 internationally. RedAnts will offer instant money transfer services between digital wallets and cash using blockchain-based clearing. This could unlock market potentials by offering low-cost, convenient services to the billions of "unbanked" individuals worldwide, as well as facilitating remittances for migrant workers. RedAnts seeks to gain an initial user base through cryptocurrency marketing campaigns offering free bitcoin payouts and services.
37coins: Hubba Bitcoin Intro, Jonathan Zobro37coins
37coins bitcoin meetup in Bangkok
Hubba (the major co-working space in Bangkok) Bitcoin Intro, Jonathan Zobro
37coins facebook page: https://www.facebook.com/37Coins
37coins twitter: https://twitter.com/37Coins
Blockchain and bitcoin in global remittance: disruptor or facilitatorDan Li
Global remittance has become cheaper and faster in recent years, thanks to increasing innovation and competition. Blockchain technology can further improve the efficiency of global remittance—as it already has—by replacing the clumsy bank settlement system with a payment network enabled by public ledger. Its security features might also help save costs associated with fraud prevention. Introducing bitcoin into the current system, on the other hand, incurs additional costs and time, due to the additional exchange steps and high volatility associated with the virtual currency.
37coins: Hubba Bitcoin Intro, Jonathan Zobro37coins
37coins bitcoin meetup in Bangkok
Hubba (the major co-working space in Bangkok) Bitcoin Intro, Jonathan Zobro
37coins facebook page: https://www.facebook.com/37Coins
37coins twitter: https://twitter.com/37Coins
Blockchain and bitcoin in global remittance: disruptor or facilitatorDan Li
Global remittance has become cheaper and faster in recent years, thanks to increasing innovation and competition. Blockchain technology can further improve the efficiency of global remittance—as it already has—by replacing the clumsy bank settlement system with a payment network enabled by public ledger. Its security features might also help save costs associated with fraud prevention. Introducing bitcoin into the current system, on the other hand, incurs additional costs and time, due to the additional exchange steps and high volatility associated with the virtual currency.
Bitcoin and the Need for a Digital CurrencyJohn Meese
Bitcoin is a revolutionary digital currency option that is better for producers and consumers. Bitcoin is 100% Digital, Distributed, Deflationary, Open Source, Fast, Cheap, International, Secure.
Why Bitcoin is following the same trajectory as the Internet itself(originally just a TCP/IP standard) as it goes from a techy undertaking to becoming the underpinnings of something was more powerful.
UNIBEN Investment Conference 2019, Benin City NigeriaChimezie Chuta
The Investment Conference 2019 was put together by Tunmise Olaoluwa, a 2nd year Student of UNIBEN. I shared thought with the students on Investment opportunities available in the Blockchain space.
Innovationstag Digital Banking Liechtenstein 2016Roman Dinkel
Die Folien aller Referenten in einem Slidedeck:
0. Einleitung - Peter Schnürer
1. Wie Crypto-Finance die Welt zu einem besseren Ort macht - Johann Gevers
2. Autonom lernende und intelligente Systeme heute und ihre Bedeutung für den Finanzsektor - Sascha Corti
3. Sind DAO's die besseren Unternehmen? Potenzial und Herausforderungen von dezentralen Organisationen auf der Blockchain - Dr. Mathias Bucher
4. Finanzplatz LI - Innovations-Clubs, LVC und Regulierungslabor in der Praxis. - Dr. Thomas Dünser
5. FYP - Ein Tool zur Prognose der individuellen Pensionshöhe - Prof. Dr. Michael Hanke
This is a presentation of the Sector Study of Financial Technology focusing on Digital Payments by Alexis Dogwe, Camille Eusebio, Maurice Gonzales, Leslee May Tandoc and Al Marie Tating as part of the requirements in the subject: Marketing and Commercialization of High Technology Products.
University of the Philippines, Technology Management Center
Digital financial services (DFS) are rapidly rewriting the landscape of financial access in developing markets. This deck is meant to serve as a primer to the DFS space by explaining the basic concepts and strengths of DFS models; showing how they are so successful because they correspond to the weaknesses of traditional delivery; and showcasing some of the next generation of DFS products in order to illustrate that this is just the beginning of a cross-sectoral revolution of access.
The Digital Reserve, P.B.C. is developing a platform for Global Microlending and Financial service. This will help combat the $2 Trillion Dollars in Unmet Financing Need. Through human centered design and robust game theory, the Digital Reserve Network will become the center of the next wave of financial institutions.
GDC Coin- Specialized Analysis For Professional Cryptocurrency TradingAjit Patil
GDC coin soaring value, growing popularity, security, safety, and fast processing has attracted a lot of people in the growing world of digital currencies. There are thousands of traders who base their trading decisions on GDC Coin technical analysis. A few nations have just begun utilizing it as a medium of trade. Get more detail:
The Treasure is in the Data - How Three International Brands Found Marketing Gold.
Alice Donaldson from Exponential, presented this deck at iMedia Brand Summits, Asia. #imbsummit
Bitcoin and the Need for a Digital CurrencyJohn Meese
Bitcoin is a revolutionary digital currency option that is better for producers and consumers. Bitcoin is 100% Digital, Distributed, Deflationary, Open Source, Fast, Cheap, International, Secure.
Why Bitcoin is following the same trajectory as the Internet itself(originally just a TCP/IP standard) as it goes from a techy undertaking to becoming the underpinnings of something was more powerful.
UNIBEN Investment Conference 2019, Benin City NigeriaChimezie Chuta
The Investment Conference 2019 was put together by Tunmise Olaoluwa, a 2nd year Student of UNIBEN. I shared thought with the students on Investment opportunities available in the Blockchain space.
Innovationstag Digital Banking Liechtenstein 2016Roman Dinkel
Die Folien aller Referenten in einem Slidedeck:
0. Einleitung - Peter Schnürer
1. Wie Crypto-Finance die Welt zu einem besseren Ort macht - Johann Gevers
2. Autonom lernende und intelligente Systeme heute und ihre Bedeutung für den Finanzsektor - Sascha Corti
3. Sind DAO's die besseren Unternehmen? Potenzial und Herausforderungen von dezentralen Organisationen auf der Blockchain - Dr. Mathias Bucher
4. Finanzplatz LI - Innovations-Clubs, LVC und Regulierungslabor in der Praxis. - Dr. Thomas Dünser
5. FYP - Ein Tool zur Prognose der individuellen Pensionshöhe - Prof. Dr. Michael Hanke
This is a presentation of the Sector Study of Financial Technology focusing on Digital Payments by Alexis Dogwe, Camille Eusebio, Maurice Gonzales, Leslee May Tandoc and Al Marie Tating as part of the requirements in the subject: Marketing and Commercialization of High Technology Products.
University of the Philippines, Technology Management Center
Digital financial services (DFS) are rapidly rewriting the landscape of financial access in developing markets. This deck is meant to serve as a primer to the DFS space by explaining the basic concepts and strengths of DFS models; showing how they are so successful because they correspond to the weaknesses of traditional delivery; and showcasing some of the next generation of DFS products in order to illustrate that this is just the beginning of a cross-sectoral revolution of access.
The Digital Reserve, P.B.C. is developing a platform for Global Microlending and Financial service. This will help combat the $2 Trillion Dollars in Unmet Financing Need. Through human centered design and robust game theory, the Digital Reserve Network will become the center of the next wave of financial institutions.
GDC Coin- Specialized Analysis For Professional Cryptocurrency TradingAjit Patil
GDC coin soaring value, growing popularity, security, safety, and fast processing has attracted a lot of people in the growing world of digital currencies. There are thousands of traders who base their trading decisions on GDC Coin technical analysis. A few nations have just begun utilizing it as a medium of trade. Get more detail:
The Treasure is in the Data - How Three International Brands Found Marketing Gold.
Alice Donaldson from Exponential, presented this deck at iMedia Brand Summits, Asia. #imbsummit
Will Digital Currencies Break The Banking System? Harsh Chitroda
So, when we ask a question of how will digital currency affect banks? So, we can say that Digital currencies are likely to give central banks more insight into the movement of money in the economy. The widespread use of electronic payment systems may also aid authorities to crack down on money-laundering and terrorist-financing efforts. Or on the other hand, we can also say that the Banks are afraid because Cryptocurrency exchange is a non-banking transaction. and if the Cryptos gain favours it can disrupt the ability of banks to create money. If this disruption alarms the central banks, then they will do something about it.
The world of Fiat currencies are old, outdated, not enough hard currency money
supply and mismanaged by its current governments (Currency Wars) and now starting to
cause Social unrest, this is only the beginning and trying to get ahead of and prevent this
very serious situation from getting really out of hand. The world has experienced Global
Financial Crisis (2008 -2013), Central Banks disorder = Major Social disorder & unrest. In
this paper, we present a survey on crypto currencies, merits of crypto currencies compared
to fiat currencies and we then compare different crypto currencies that are proposed in the
literature. Finally, we propose different requirements that should be satisfied by crypto
currencies to replace Fiat Currencies.
Disruptive fintech solution to money transfer. Cut out the middlemen and save the consumer the transfer fees. We can save diaspora citizens billions of dollars vs using traditional services like Western Union and MoneyGram.
Paying for stuff is, unfortunately, something we do every day! Be it with cash, cards, mobile phones or with our fingerprints and faces, we send money from one account to another. Globally speaking, cash is still king, but the payment experience is undergoing radical disruption which for the time being especially involves the act of payment more than the processing that goes on behind it. This presentation provides a description of payment processes and the new trends that are slowly but surely re-shaping the way we pay money. The authors are Philippe Collombel, Nico Valenti Gatto and Tanguy Confavreux who all work for Partech Ventures, a global venture capital fund with offices in San Francisco, Paris, Berlin and Dakar.
2. (*) Sources: Worldbank Report, April 2015 (Link), Worldbank Poverty Report, April 2015, (Link) and The Global Findex
Disparities
4 billion people earn less
than USD 10 per day
2.2 billion people earn less
than USD2 per day
Unbanked:
2.5 billion or 38% people
worldwide have no bank
account
55% of borrowers in
developing countries
use informal sources of
credit
Mobile:
>50% of adults
worldwide own
smartphone
68% use it for money
services
The Money World Today
The Poor,The Unbanked & The Mobiles
Disrupting
Phenomena
Crowdfunding &
Cryptocurrencies
3. 11% in high-income economies 55% in developing economies 77% of adults earning less
USD 2 a day
DON`T HAVE A BANK ACCOUNT
Why?Costs of bank services
No bank available locally
No money available
The Unbanked People
Majority of people in developing economies have no account
(*) Sources: Worldbank, Global Findex (Link)
4. BRICS & Asia Pacific
• 3.5 billion people (40% of world population)
• migrant remittances in 2015 $160 billion
(*) Sources: Worldbank Report on Migration and Remittances, April 2015, (Link )
A Huge Market
Remittance Business in BRICS and Asia Pacific
Developing Countries (total)
• 250 million people live and work outside their
countries by the end of 2015
• remittances to developing countries in 2015: $440 billion
• rising to $636 billion in 2017
• Diaspora savings in 2013: $497 billion
5. (*) Sources: Worldbank Report, April 2105, Link
The Migrant Remittance Market
A huge market that is about to be disrupted
Remittances are
a critical source
of national and
families’ income
Migration
remittances are
large and more
stable than many
other types of
capital flow
Global remittance
market generates
more than USD 32
billion Revenues
for financial service
providers
less than 2 % of
remittance flows
from mobile devises
in 2013
despite lower cost
due to the regulatory
burden related
USD $100 billion in
migrant savings
could be raised
annually by reducing
remittance costs and
mobilizing diaspora
savings.
6. Warning & Cost Alert
Cost Alertfor 4 billion people
remittance of a week`s earning
can cost you a few days of work
7. Germany to India (EUR 140)*
Firm Total Cost Transfer
Percent Speed
Transferwise 0.23 2d
Azimo 1.07 1d
RemitGuru 3.08 2d
UK to India (GBP 120)*
Firm Total Cost Transfer
Percent Speed
Transferwise 0.72 3-5d
RemitGuru 0.94 1d
Azimo 1.6 3-5d
US to India (USD 200)*
Firm Total Cost Transfer
Percent Speed
MoneyGram 0.42 hours
Western Union 0.72 3-5d
money2india 2.35 3-5d
Canada to Philippines (CAD 200)*
Firm Total Cost Transfer
Percent Speed
Metro Remittance 3.49 hours
hyperRemit 3.67 hours
Reliable Peso Remit 3.99 hours
Warning:
remitting small amounts
is extremely expensive:
(*) Source: worldbank.org, Remittance Prices Worldwide, March 2015 (Link)
(**) Source: saveonsend.com, (Link)
below USD 50 more than 10%**
below USD 20 more than 25%**
below USD 10 more than 50%**
The Global Remittance Market
High Costs because of Outdated Infrastructure
!
Global cost average for sending
USD 200 via an MTO is 8.03%*
8. RedAnts Market Coverage
• BRICS & Asia Pacific Region
• 250,000 Registered Bitcoin Unique User per month
• 3 – 5 million Bitcoin microtransaction per day
• 75% of traffic from BRICS & Asia Pacific Region
• >80% returning visitors / Bounce rate <15%
Kickstart with strong user base
Source and notes: Stats are based on Google Analytics, Stats shown are for a single site of MezzaCap;
10. The Blockchain Challenge
Cryptocurrency and Blockchain unlock/disrupt market potentials
Cryptography
with high
security level
Public infrastructure with
low costs and high efficiency
Blockchain:
Public ledger
with
highest
transperency
Peer-to-peer system
from users for users with no
intermediary instances
RedAnts
Money Services
Platform
11. sending
lending
funding
The Next Generation Money Services
Instant Money Transfer - first step towards a new financial world
Wallet & Blockchain
based
Money Services
frictionless ∣mobile∣ convenient
trusted ∣fast∣ cheap
crowd
crowd
Wallet
Financial
(R)evolution
starts
with
a