What Is BMB FINTECH? – Payment systems have for years helped buyers, traders and investors complete their trades. However, some face issues like fraud, cross-border transaction complexities, limited currency options, and more. However, a new project, BMB Fin tech, was launched to provide a payment system free of these problems.
BMB FinTech is a crypto innovation whose main goal is to disrupt payment systems. It comes with a variety of payment-related services to make sure it connects and supports multiple payment types. The network base is Binance Smart Chain.
Thus, BMB Fin Tech will decentralize and streamline the payment process. By basing services on the blockchain, this network will end fraud, cross-border transactions, and other problems. As a payment system, BMB Fin tech will offer low-cost transactions with high security.
Features Of The BMB Fin Tech
In providing services, BMB Fin Tech embeds several features that present a payment system to everyone. Among the top features include :
1. P2p Crypto Market
A marketplace is an online store where people can buy goods and exchange services. P2P (peer-to-peer) is an exchange that involves direct interaction between buyers and sellers. Most markets use fiat payment options, but BMB Fin tech introduces a unique system. BMB Fin tech is launching a P2P marketplace where people will pay for goods using crypto.
Across the BMB Fin tech marketplace, the BMB Cash coin will be the main currency of the network. Tokens will help in trades and purchases. BMB Fin tech will add more tokens in the future for increased convenience, thereby solving the problem of limited currency.
2. Debit Card
Statistics show that at the end of 2020, there were more than 2.4 billion Visa Debit cards globally. Indeed, a large portion of the global population uses debit cards. BMB Fin tech introduces its original debit card system. They will work with networks like Simplex to help connect BMB Cash to debit card services. Therefore, customers will have a good experience in paying for gas, coffee, and other household goods.
3. POS System
Of course, to make it easier for users, BMB Fin tech will introduce a POS system. According to the BMB Fin tech whitepaper, the main goal of the POS system is to increase the flow of BMB Cash transactions through merchants. Merchants, buyers, and other parties will use a point-of-sale system in crypto payments. Thus, there will be an easy flow of real-time crypto transactions.
4. Wallet
The final product in BMB Fin tech’s original plan was a wallet. At BMB Fin tech, a wallet has a completely different meaning. It is a tool that connects all developments. Thus, users can get a one-stop shop for all services. Wallet users can track their points, spending behavior, and purchases on exchanges. BMB Fin tech plans to launch the first three services before the wallet. Once all the services are launched, the wallet will have a higher demand.
BMB Cash Tokenomics
BMB Fin tech has a unique token called BMB Cash which runs all platform services. POS, marketplaces, debit cards as well as wallets will all depend on this coin. According to their website, BMB Fin Tech has a total of 200 million tokens. This coin has the ticker symbol $BMBCH. 200 million tokens distributed as follows;
- 15% goes to the team and advisers
- 10% for internal development
- 8% is used for marketing and awards
- 7% goes to investors and partnerships
- 5% goes to the whitelist of investors who provided prior support for the project differently.
- 5% for presale. Within the first few minutes of its pre-sale, the network was selling $280k.
- 12% for Pancakeswap launch
- 30% goes to airdrops and to exchange liquidity
Transaction Tax
One interesting thing about this network is the transaction tax. Generally, in every transaction, BMB Fin tech will charge a low 4% tax. It divides taxes in the following way;
- 1% of 4% goes to development teams and projects. This amount will also help in network marketing services. The network remains independent for the long term.
- 2% of all transaction taxes are used for liquidity. Generally, the amount of liquidity will help ensure that the BMB Cash token remains stable in the long term.
- 1% of the tokens will be returned to the holder. This means holding BMB cash tokens will always reward users.
BMB Fin tech Team
BMB Fin tech has a team of experts in various fields who combine efforts to create a highly efficient network. Among the top team members associated with the project include the following;
1. Joey Tan
Joey Tan is a project business manager and co-founder of the network. He has been in the crypto industry since its infancy in 2008.
2. Lior Spindler
Mr. Lior is the developer and also one of the founders of this project. He helps on the development side of the project.
3. Alexandria (Elle) Hoesch
As part of the founding team, Elle will focus on web services and design for this project.
BMB Fin tech has a long-term hiring plan in place to ensure it hits the crypto market as soon as possible. The fact that they publish their team clearly shows that the BMB team aims to be completely transparent.
Final Word
BMB Fin tech is a promising project, especially in the area of payments. The most important thing about this project is its crypto and blockchain base. As blockchain helps overcome payment drawbacks, this system will get adopted in the long run.
BMB Fin Tech introduces the top 4 payment-related services, namely P2P crypto marketplace, debit card, POS system, and wallet. Its BMB Cash token is another tool that will help streamline the payment system.
One interesting thing is that BMB FinTech will partner with other tokens to provide more payment options. This project is still in its early stages. Therefore the team always communicates with community members. To become a member of the community, follow their social pages below.
