Zed Network changes rules in money transferring

We live in a global world. Imperceptibly for all, the Internet has united us in such a way that it is enough to turn on your computer or smartphone, and before you great opportunities are opening up. You can see photos and even videos from anywhere in the world, buy goods and order directly to your home goods from any country of the world at an absolutely affordable price, read and even see what is happening in any city in the world.
At the same time, when it comes to cross-border money transfers, there are certain difficulties. In that case, if the sender and recipient countries are well developed banking and financial system, you can use the service Western Union. At the same time, according to the World Bank, the cost of such transfers will be on average from 7 to 9%! If this is a one-time transfer, for example, in case of unforeseen travel expenses, then such a step can still be taken. And what if it is a regular payment in the case of work abroad? It's getting too expensive. As for the countries with a poorly developed financial system, the transfers there are becoming complicated and even dangerous.
Given this problem, Canadian experts, who have been working in this field for many years, have developed the Zed Network platform, which will make official money transfers around the world fast, safe, cheap and accessible to everyone.

Translation speed. Only 3-5 seconds and the money are transferred from any country to another.
Security. All transactions are protected by blockchain technology, will be conducted only by licensed MTOs (Money transfer operators) with mandatory KYC procedure.
The cost of the transaction. Only 1% for the transfer, taking into account all costs.
Accessibility for everyone. No additional permits from banks and other government agencies. Only KYC required for protection from crime.

Why will it be in demand?

At the moment, large MTOs, such as Western Union, occupy 25% of the market of cross-border transfers. The remaining 75% is small and medium-sized MTOs. In this market, they have to face difficulties, such as interaction with banks that do not want to work with small organizations of this kind. Another problem is the complexity of translation technology, which requires a large staff. Not every company can afford it.

Zed Network solves all the above problems for small and medium-sized MTOs: intermediaries in the form of banks will no longer be needed, because all transfer operations will be performed automatically within the blockchain. Also, there is no need to maintain a large staff.
The scheme of money transfer using Zed Network is very simple and is described in the figure below:

The sender brings the local currency to the local MTO branch.
MTO buys tokens ZED and makes sending.
Zed tokens are exchanged in Zed Wallets using the Stellar Network.
Receiver MTO receives Zed tokens.
The final recipient takes the local currency at the local MTO branch.

Thus, the procedure remained completely official, but the number of intermediaries in the form of banks decreased, which reduced the cost of transactions from 7-9% to 1%, as well as the speed of transactions from 24-72 hours to 3-5 seconds.

Some conclusions

Thanks to Zed Network money transfer operators (Motors), not included in the “Big Four” (Western Union etc.) will be able to provide cross-border money transfer services around the world. At the moment, the company successfully operates in Canada, in the near future it is planned to enter the emerging Asian markets. The demand for this type of service in the global market is enormous and the company Zed Network offers an excellent solution to the existing problems in this industry.
Website: https://zed.network
Telegram: https://t.me/zednetworkinc