What is Zerobank?
By: Zerobank - Your Local Currency
Tags: Blockchain, Bitcoin, Zb, Zerobank

Zerobank is a legal ecosystem utilizing blockchain and smart contract to create Zerobank Application enabling:

1. Multi -cryptocurrency wallet and P2P OTC Trading and Exchange

2. P2P International Money Transfer

3. Multi-currency E-Wallet For International Tourists — Providing the lowest exchange rate and commission fee when traveling (paying for travel expense or convert to local currency).

4. Charitable donations for people in urgent need of help.

1. Multi-cryptocurrency Wallet and P2P OTC Trading and Exchange?

ZeroBank Application will provide users multi-cryptocurrency Wallets where they can store majority of popular ERC20 and ERC223 Cryptos

You can use P2P OTC Exchange function to exchange your Cryptocurrency into local fiat with users in your area.

In Traditional way of OTC Trading such as Local Bitcoin, C2C OTC OKEX and Remitano, seller’s tokens are locked up in the exchange’s wallet, therefore, Buyer has an advantage over seller deciding whether take or do not take the deal. As the result Seller will lose the opportunity to sell the tokens to others. Moreover due to lack competition in the market such traditional OTC exchange are quite expensive

ZeroBank Application is quite different. We utilize Blockchain Smart-Contract, and Navigation system to enable users to make or accept an offer using ZB as collateral binding both parties to the terms and conditions in the smart-contract (immutably agreed exchange rate).

The settlement can be made by meeting in person or via other payment methods. Once the seller receives the money and confirms the payment by signing to the Smart-Contract, the agreed tokens in smart contract will be released to Buyer’s wallet.

Zero Bank Application will provide users a more secured reliable, cheaper, and fair trading environment

2. P2P International Money Transfer?

ZeroBank is using a peer-to-peer business model similar to Uber and Airbnb — the successful startups of the sharing economy era. Our mission is develop a platform to create connection between customers and service providers. Thus, ZeroBank will open/sign-up super agent as our licensed local offices.

The responsibilities of ZeroBank local offices / Super Agent include:

- Facilitate ZeroBank’s operation and legal compliance in the local market

- Run marketing campaigns to raise awareness of ZeroBank

- Help agents and users sign up on the ZeroBank platform

- Perform KYC procedures on all agents and users

- Provide support on any other matter in the market

- Licensed and Issue ZBXXX token acted as collateral for agents in daily operation

ZeroBank local office in each market operates independently, following the business strategies set by the ZeroBank headquarter.

3. Travel multi-currency E-Wallet for International Tourists providing the lowest exchange rate and commission fee when traveling (paying for travel expense or convert to local currency).

Travel multi-currency E-Wallet for International Tourists providing the lowest exchange rate and commission fee when traveling (paying for travel expense or convert to local currency).

The partnership between ZeroBank, Bao Kim and QF Pay, and similar partners in the near future enable users to have a multi currency e-wallet for international tourists when traveling. Tourists can purchase ZeroBank e-money (ZBXXX) of the destination country easily by only searching for nearby agents or pay directly by local ZBXXX. Now travelers can travel without any worry about searching for local banks/money changers to exchange their money.

Imagine you’re in a hurry to fly to Vietnam from Czech Republic, it will be a headache for you searching for banks/money changers in Czech Republic having VND available while you cannot use CZK in Vietnam. Then, the only option you have is to convert CZK to USD at the airport with an extremely poor exchange rate and a high commission fee. When you arrive to Vietnam, it will take you ages to look for money changers to exchange USD to VND, due to foreign currency payments being prohibited in Vietnam. Again, you are facing poor exchange rate and high commission fee. With ZeroBank application, you will definitely waive such inconvenient exchange process that cost you a lot of time and money.

4. Charitable donations for people in urgent need of help?

Utilizing Blockchain and Smart-contract ZeroBank application enables P2P transparent charitable donations for the under privileged in urgent need of assistance, in comparison to the traditional channel where as takin a very long time for processing and requires extensive man power to complete.

ZB Holders’ Benefits:

*Enjoy low fee on ZeroBank P2P OTC Exchange

*Enjoy low fee and safe cost on exchange rate when you buy ZeroBank Travel E-money or send money internationally.

*Payable for your travel expense such as transportation, accommodation, tour guides, food and goods where cryptocurrency is accepted.

*ZB holders will be benefited from profit generated from ZeroBank’s services and trading activities

ZB acts as license to join ZeroBank Agent networks where an agent can easily make some extra income while he or she is performing his or her main job.

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