ZED Network is a SaaS platform using ZED cryptocurrency to connect a global network of Money Transfer Operators. ZED currency is built on top of the Stellar distributed blockchain network.
We are creating a comprehensive money transfer solution that includes a wallet, a web app, mobile apps, and a robust back office with a suite of reports for compliance and monitoring purposes, avilable to MTOs on a SaaS model, free of charge for the first year and at nominal costs in subsequent years.
In time, ZED wallet will essentially become the bank account for these MTOs that will pay their payout partners, suppliers, employees and contractors using ZED.
At the heart of ZED Network is ZED currency which is a Cryptocurrency built on a mining-free, distributed ledger. There will be a maximum cap of 38B tokens authorized, 8 Billion of which will be sold to accredited investors in the U.S. and Canada as well as verified investors in other select markets worldwide.
Upon close of the token sales, ZED will also be available to MTOs to buy and use solely for utility purposes of facilitating remittances worldwide.
In the same manner that SWIFT connects banks together on a global basis, ZED Network will seamlessly connect licensed MTOs in multiple countries to become a single point of integration for multiple currency pairs.
Some of the features of ZED Platform include:
They are going to create cryptocurrency payment network on Stellar blockchain. Stellar is build for that only. Its the good usecase for blockchain and Ripple is showing that. They need to focus on improving website and marketing.
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