Blockchain Powered Money Transfer App Script Details
React Native Version
Fixed, Fluid, Responsive
All Major Browsers
See what's new
- Multi-bank Addition
- New routing algorithm
- Businesses Dashboard on Web
Version 1.4 (Current)
- New: Web Version of the latest and greatest version of BitFin app
- New: Cryptocorner section with information about the XLM market and price graph
- Major UI refresh and flow change
- XLM integration in the backend for truly low-cost transactions.
- Bug Fixes & Improvements to the UI
- Send money to other users on the platform
Users from across the globe register in your app. They can transfer money to each other instantly. Here is a simple user journey for your understating:
John( U.S ) and Smith ( France ) are Registered Users in your Money Transfer App.
John wants to Transfer $1000 to Smith.
John Logins to the App > Deposits $1000 inside his account using his Credit Card. The fund shows up in his wallet inside the app.
Then he keys in the Mobile number of the person, he wants to send $1000 to. In this case he enters the mobile number of Smith > Immediately Smiths profile shows > He chooses it.
He enters the amount he wants to send ie. “$1000” and hits the SEND button.
The $1000 gets converted to Cryptocurrency ( Stellar XLM coins ) > Gets deposited in the wallet of Smith.
Smith gets a notification on receiving EURO 880 ie. $1000.
Smith clicks Withdraw > The Cryptocurrency gets converted to EURO and gets deposited in his account.
As the App owner, How do I make money?
There are 2 lucrative revenue streams available in this blockchain powered Money Transfer app:
Fee for each Transaction: In the Admin Panel, You can set a %age of commission for each transaction as the fee. Whenever the users transfer money, this fee is applied automatically for each transaction. You make money.
Commission on Buy / Sell: Whenever Fiat money gets converted to Crypto -and- Crypto back to Fiat money, there is actually a BUY/ SELL function happening in the backend. And you can fix the Buy/Sell rate from the Admin panel. Based on the profit margin you require, you can set the Buy/ Sell rate at the backend.
Top 4 Reasons to buy this Blockchain powered Finance App Script:
Cross Border / Cross Country Money Transfer has always been an un-solved issue. Even now it involves extensive documentation, costly transfer fees, Time consuming process etc. Users will be more than glad to use your App which solves all the above issues, and provides a low cost, quick and hassle free money transfer.
With Cryptocurrency in picture, experts anticipate FINTECH to boom like never before. This incredible and readymade Finance App can get you to start a Blockchain powered Fintech business instantly.
Done on React Native, this powerful Money transfer App comes with an incredible layout and design. It is available for both IOS and Android. The backend is done on Node JS and Mongo DB. For Free , you get the full source code of this incredible system with perfect documentation.
Every VC and Investor out there is looking for a Blockchain powered FinTech idea to fund. People are getting funded for just telling out an idea. Use this Ready-made Software and show them a working MVP and get funded instantly!
Set it up and forget. Let the money keep rolling in!
This Blockchain powered Money Transfer App Script is well documented and supported, you're never going to be stuck..
This powerful Money Transfer App comes with a secure Admin Panel to control the App end-to-end. You can also set the Crypto BUY/ SELL rates, Transaction commission etc. here.
100% Source Code
You get 100% un-encrypted source code of this Money Transfer App Script. Customise at your will, Add/ Edit any feature easily.
Built on React Native,NodeJS > this App comes with a stunning design and seamless flow that will make your users stick to the App for all their Money Transfer needs.
Skate To Where The Puck Is Going To Be. Not Where It Has Been.
Blockchain powered Financial Businesses are the Future. Use this incredible Turn-key Script to get there!
This Business Ready Money Transfer App Script is crafted with precision to help you hit the road running.
Premium Bootstrap Cryptocurrency Exchange Template. Start a Cryptocurrency Exchange instantly using this.
Frequently Asked Questions about this Template
What is a Blockchain?
Simply put, a Blockchain is a secure, globally distributed ledger that keeps track of all the transactions done on the platform. The Blocks are records that are permanently stored here and cannot be altered. In short, its a distributed secure database.
When the Fiat Money gets converted to Crypto and wise versa, who Buys and Sells it?
Whenever there is a conversion of Fiat money to Cryptocurrency -or- Cryptocurrency to Fiat Money, the sole Buyer and Seller is the Master account ie. The owners account. In this manner, you can keep a control over the Buy/ Sell rates of the Crypto. You can configure the rates to achieve profitability.
Is this a Revolut clone script?
Yes, in a way you can call it a Revolut clone script app. It deals in Money Transfer using cryptocurrencies.
How do you scale up this Business?
The best way to start and scale up this business is country by country. Keep one country as the base country( Ex: United States ) and start pairing it with more countries ( Ex: Nigeria, India, Germany etc. ). What I mean by pairing is adding a new country regularly. When you add a new country, you will add the payment gateway famous in that country. So the user from US will upload money from the payment gateway in his country & the User from the receiving country will withdraw money using the payment gateway in his country.
Can we integrate Facebook Libra coin / token in this Money Transfer App?
Yes. We can integrate Facebook Libra Cryptocurrency to this Money transfer app. We can integrate the entire Facebook Libra Blockchain Node to run or can also use the official Public API from the Libra Blockchain and power Cross border payment and money transfer. We can also pair the Facebook Libra cryptocurrency to other coins or tokens. We can also pair it with FIAT currencies like USD, EURO, AUD etc.
Will we need to use the MOVE programming language to integrate Facebook Libra Cryptocurrency in this App?
Yes. We can use the MOVE programming language to integrate Facebook Libra tokens inside. Also we can use other programming languages. Our Developers will follow al the code of conduct and policy’s set by the Libra foundation and program/ code your modules inside the app. One the biggest advantages of the MOVE programming language is the ability to define custom resource types with semantics that is basically inspired by linear logic. This is the core of Move’s common type system. It gives high level of trust and security for the entire system and a resource can never be copied or specifically be discarded, but can only be moved between various program storage locations.
Can we hire Facebook Libra Developers for this work?
Yes. We have experienced Facebook Libra Developers. They understand the entire manner in which this Blockchain protocol was developed. The Facebook Libra developers are well versed with the entire Libra white paper and understand the way in which the protocol has been developed.
Can we hire Libra Move Language Developers for this work?
Yes. We have experienced Facebook Libra Move language Developers. “Move” is a latest programming language that can be used to develop apps , add-ons, integrations in the Libra Blockchain protocol. They understand the entire manner in which this Blockchain programming language Move has been constructed. They have also done many POC’s and sample projects using the Move programming language. The Facebook Libra Move developers are well versed with the entire white paper and understand the way in which the protocol has been developed.
What will be the Cryptocurrency used by default?
The Cryptocurrency that will be used by default is Stellar Lumens ( XLN ). Stellar is a Cryptocurrency especially made to make Cross border international transfer of Money easy. Its good to be aligned with a cryptocurrency that is also in the same finance vertical. This has a lot of benefits like: As the Cryptocurrency adds new features related to the finance domain, we can incorporate them in the app, There is high chances of easy venture funding as you are stuck to the finance domain in all aspects. Who knows, Stellar may acquire you!
Can more Cryptocurrency be added in future?
Ofcource Yes. This incredible Money Transfer app script comes with a robust API. You can at any point add, remove any Cryptocurrency of your choice. You can also create your own cryptocurrency and replace Stellar with that.You can also replace replace Stellar XLM with a Stellar Asset you have created.
How will the conversion happen in this Money Transfer app script?
This FinTech script works with a Payment Gateway integrated. By default Stripe Payment gateway is integrated ( You can change the gateway to any gateway of your choice ). The Payment gateway will be taking care of the Conversion part. ie. When users upload money > They will be uploading using the payment gateway. When they are withdrawing Fiat, they will sell the Crypto they are holding and the respective amount of FIAT will be deposited to their Stripe account from Admin account > and they can withdraw it to their bank.
Who will be funding the Stellar coin in the App ( So users can buy it and sell it to )?
The owner of the site will be funding. Just imagine a OTC Exchange is running behind the scenes of this Money transfer app. When users upload money, they are actually buying Stellar from the Admin. When Users are withdrawing money, they are actually selling Stellar to the Admin.
Since the Admin is the one, who always Buys and Sells crypto from the users > He can add a Transaction fee for each transaction. He can also set the price of the Buy and Sell rate ( an include his profit margin there ).
Do your company do Facebook Libra Cryptocurrency development using the Move programming language?
Yes. Bitexchange is a Facebook Libra Cryptocurrency development company. It does Blockchain development on various other protocols as well ( ETHERUEM, HYPERLEDGER, TRON etc. ). It is one of the first Facebook Libra Cryptocurrency development company to complete successfull real-time projects and proof of concepts using this new cryptocurrency platform. It is also the most experienced Facebook Move development company.
Is only Libra Blockchain Testnet available now? When will Mainnet be available?
Facebook Libra Blockchain protocol is available in Sandbox like setting right now and they have provided Testnet for developers. The platform says the main net and nodes will be available soon. Using these available tools, we an develop your innovative apps and get it working end-to-end. Once the main net is live, we can move the application there.
How can Permissionless consensus be integrated here?
Each Blockchain protocol has its unique consensus implemented Ex: Bitcoin runs on POW ( Proof of work ), Ethereum uses ethash. Similarly the Libra Blockchain protocol uses a niche algorithm called Permissionless consensus. The coins and protocols in this App follows different algorithms based on the coin type. By integrating the Libra Blockchain protocol, we can bring in the revolutionary “Permissionless Consensus”. In the normal Permission based Algorithms, only defined set of entities can create and shape the governance of the platform. When implementing Libra “Permissionless Consensus”, anyone who follows the protocol specified rules and contributes required resources can also govern. This approach is more economic and also gets more community participation to resist censorship attacks. It also prevents a single entity from controlling and changing the rules of the network.
Can we integrate the Facebook Calibra wallet API’s to this platform?
Yes. We can implement Facebook Calibra wallet API’s into this app. Calibra is an open source wallet that will bemused to manage the Libra coins. The Calibra app will have well defined API’s that we can make use of to build innovative apps. For Example, one can built a sophisticated Taxation portal to track and maintain the transactions in of Libra Cryptocurrency.
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