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ZamZam: a modern digital bank on the blockchain

Zam zam eng top

The traditional banking system is quite outdated, there are many real problems that are very difficult to solve. This became especially noticeable against the background of the increasing popularity of cryptocurrencies — the existing banks refuse to recognize it and are in no hurry to switch to a new electronic payment format. The digital economy is the future that is already beginning, but the existing banks are not ready to become part of it. People have long needed a project that will open access to the smooth use of cryptocurrency. Decentralized platform ZamZam will be the first digital bank, which is an excellent analogue to existing structures. The use of the blockchain technology will make this innovative bank efficient, open, and fair, customers will be able to monitor the operation of the platform and monitor exactly how their funds are used /stored.

Key segment problems

There are several problems that users of the traditional banking system face:

  • Huge interest when performing any operations within the system. Mediation allows the bank to dictate its terms of cooperation, to do everything profitable for itself. But, despite the presence of intermediaries, there are many risks for investors.
  • No effective security. There are a huge number of fraudulent schemes that aim to seize funds or user data.
  • There is no transparency of operations; everything is done covertly and incomprehensibly for ordinary people. Often this approach leads to the fact that users of the system are faced with the problem of loss of funds.
  • No desire for change — no one wants to integrate popular cryptocurrencies to work within the system. After all, this approach will destroy the traditional structure of the bank and allow people to profitably use their funds.

ZamZam developers are fully confident in the success of their project, they have already attracted quite a lot of investors who are willing to finance the full launch of the digital ZamZam bank.

Why should you pay attention to ZamZam?

Let us highlight the key advantages that the digital bank will provide to its customers:

  • Openness of cooperation. Blockchain allows you to make cooperation truly open and mutually beneficial. Now the parties do not have to face the problems of stealth, any operation is performed quickly, efficiently, and safely, smart contracts are used. If you like to view statistics, ZamZam will open for you this opportunity. Everyone will be able to familiarize themselves with how effective and honest a virtual bank is. Modern banks never provide data audit trying to hide this information, but ZamZam is not a traditional solution and developers will publish all the necessary data.
  • Highest efficiency. The absence of intermediaries is the main advantage of the project. After all, now you do not have to spend your time and money on additional interactions. A whole chain of intermediaries requires huge costs, but the developers of ZamZam are not going to act this way. A decentralized bank will be extremely efficient and affordable for customers.
  • Freedom of choice. Decentralized projects today are incredibly popular, but centralized systems still exist, ZamZam gives a huge choice to people who are ready to make effective use of their fiat, as well as digital assets for future earnings.

ZamZam wallet

To work with assets, requires a huge number of individual applications, it is very long and boring. But the purse that ZamZam offers is incredibly modern and functional, it has everything you need to use your money. ZamZam wallet is an excellent solution that allows you to quickly exchange currency, use tokens, and make necessary purchases.

Businessmen will definitely appreciate the project because there are great opportunities for further development. The development team is confident that ZamZam wallet and other innovations are sure to become effective. ICO aims to collect a certain amount of funds for further development. After all, now the whole project is only at the stage of preliminary development and testing.

To learn more about the details of this project, visit the official website https://zam.io/en and read the whitepaper: https://zam.io/27d7a1b86038cddd9ea010f364922beb.pdf

Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e

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