Freemit
Share, send, and get cash anywhere in the world
Freemit
Share, send, and get cash anywhere in the world
Freemit is a financial travel companion that empowers 3.6 billion travelers, students and others with a digital wallet, giving them financial independence to instantly access their financial resources using bitcoin.
We are creating a streamlined, inexpensive alternative to the current remittance and currency exchange systems. Using the blockchain and a local currency in/local currency out vision, we will make moving money cheaper, better, and friction-free.
The question isn't really answered though. I can see why using blockchain technology would make things cheaper, but as a business you still have a lot other expenses. How do you cover these? I'm assuming Freemit isn't a charity and plans to make money at some point.
Curious to hear more. I think clearly communicating your business model will help establish Freemit's credibility.
As for the concept I think it's really clever. Congrats!
The margins will be on the exchange rates. They vary constantly, if you don't pay for live info, it'll be a good 15 min's behind the real price.