To explain the popularity of Bitcoin for the typical citizens of the first World countries is not so easy. It's not hard to keep, spend and send money there. Most people have their own bank account and credit card, so when they want to send money to friends, relatives or acquaintances, they only need to use one of the many services no matter whether it is Western Union, Paypal or SEPA. Unfortunately, everything is not so simple for countries outside the region.
Paypal works pretty well for areas like the US and Europe, but it hardly provides an opportunity for Russian and African occupants. In addition, Paypal has a significant commission for currency conversion, which is not often noticed by users, including in the transfer amount. Those who transfer via Western Union, lose money with big commissions to make payments.
So what are the alternatives?
For most of the world's first citizens of Bitcoin and other digital currencies it is completely useless - deadlocked technology, unattractive to large banks and governments, is only used by strange people, drug dealers and libertarians.
Although, people are still using Bitcoin. Not in vain.
For example, you can bring Nigeria. According to company reports Enhancing Financial Innovation - only 36 percent of the country's population has access to banking services. According to organizational representatives Improving Innovation and Access to Finance, more than half of the adult population in Nigeria use money from unofficial ways, such as prepaid debit cards to send money, or transfer money through on-the-way brothers. Both methods are very troublesome and very slow. In addition, they can not always be considered safe. Most people start their acquaintance with crypto that just attracts attention, some do it with pressure because they have absolutely no other alternative to money transfer.
Easy remittance in few clicks
As we see, a more accessible alternative is needed.
That is why Bonpay, who is dealing with online remittances, uses his technology to create a money transfer network that will cover the whole World.
At Bonpay we are trying to create a cheap way to send money to friends and relatives, which is much harder to do in West Africa than in the first World countries.
Due to the large number of computers around the world, the system developed by Bonpay lets you send and receive money with the currency you need. You can send money in Bitcoins, and they are automatically converted and acceptable in local currency. Users, whose home country allows to order Bonpay cards can do it more easily, but those who have difficulty accessing banking services, can use Bonpay's wallet. By using the Bitcoin wallet, you can transfer your funds as easily as possible and without internal commissions. All in one wallet - receive, store, convert, spend and transfer Bitcoin in whatever way you want.
A question about time
Bitcoin is growing rapidly, and this growth is an important threat to Western Union and similar services that exploit the cost of remittances.
Crypto-currency is not just a concept, but a multibillion-dollar operating industry. And the service delivery days, which coat a person's pocket with a very high commission to get the privilege to move your own money around the world, sooner or later will be numbered.
Bonpay is a payment solution, which will be able to expand the remittance market.
Gift Token and Card Holder
Reward incentives
Each Bonpay Token holder receives 0.65% (ETH or BON)
Cashback bonus
All cardholders get a 0.15% cashback bonus on BON tokens from each purchase
Custom Black Card
20+ ETH Investors get the opportunity to apply for a Limited Edition Black Card with higher limits and lower fees
Comparison table with other services
BON Token Details
Token Symbol: BON
1 BON = 1/500 ETH
1 ETH = 500 BON
Cap ITS
200 000 ETH
Duration of ITS
4 weeks
Bonpay Street Map
January 2016
The idea of creating Bonpay services
May 2016
Beginning of platform development
August 2016
Negotiate with a reputable credit / debit card processing company
September 2016
First Mpp (Minimum Product) Bonpay Wallet
January 2017
The first investment from private investors
June 2017
The subscription is open to the user
September 1, 2017
Launch of Bonpay Web version 1.0
TUE October 31, 2PM (UTC)
Token Sale started
4 weeks after the start date of Initial Token Sale
The conclusion of Bonanday Initial Token Sale
November 2017
Start trading on the exchange
Q4 2017
Partnership with best exchange and support for BON tokens, integration of more card providers, iOS / Android app beta
Q1 2018
IOS / Android v1.0 app, multi-signature wallet, more currency, DLN development
Q2 2018
Web version 2.0, NFC cards, licenses, more crypto, token
Q3 2018
API for business account, multi payment, DLN launch
Q4 2018
IOS / Android v2.0 app, multi-currency card, beta test for DLN
Year 2019
DLN integration, add other blockchain assets, crypto, tokens, other fiat options
Year 2020 and beyond
Crypto credit card, 0% crypto exchange rate, new payment method via gadget integrated with cryptocurrency.
Website: https://bonpay.com/
Whitepaper: https://bonpay.com/whitepaper
Facebook: https://www.facebook.com/bonpaycom
Twitter: https://twitter.com/Bonpay_com
Telegram: https://t.me/bonpay_eng
Bonpay bitcointalk: https://bitcointalk.org/index.php?topic=2216322.0
By RyanEncek
https://bitcointalk.org/index.php?action=profile;u=1076774
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