THELOGICALINDIAN - The abridgement of cyberbanking options in Africa is a absolute botheration But is there a band-aid Enter Paneroracom a remittance startup which intends to use the confusing abeyant of blockchain technology to actualize an ecosystem that is accordant with the cyberbanking needs of the African population
Panerora’s Innovative Payment System
Panerora wants to change the remittance industry in Africa, as so abounding bodies do not accept admission to banks, and the few accessible casework are decumbent to apathetic transaction times and aerial fees.
Blockchain is a acceptable and fast technology on which Panerora has absitively to abject its new acquittal system. People will be able to bound accelerate money to their African relatives, and the recipients can calmly abjure the funds after accepting to pay annoying fees.
The PNR badge of the Panerora arrangement will serve as a average through which easy, fast, and bargain affairs can be made.
Secure Crypto Wallet
As PNR is an ERC20 based token, it will crave a wallet in which it can be cautiously stored. Panerora developed its proprietary crypto wallet through which users can administer and abundance their crypto funds. The wallet is anchored with the latest encryption standards acclimated by top Ethereum-based wallets.
A clandestine key is generated for anniversary wallet annual which grants the user access, as able-bodied as a berry countersign that enables the accretion of the wallet capacity in case the key is lost.
High Fees Are a Thing of the Past
Expensive cross-border affairs will no best be a botheration for the unbanked. As PNR is an ERC20 token, its senders charge to pay a “gas” fee for the Ethereum arrangement anniversary time a transaction is made. But the fee is acutely low if you accede the aerial costs that appear with acceptable remittance systems.
Panerora created its “gas” agreement so that it can abundance ETH. The deposited Ethereum has the role of abbreviation the “gas” fee of PNR buyers and sender back they accomplish a transaction. The “gas” fee is taken from the beatific amount, but it will be refunded in ETH back the sender makes addition transaction.
The agreement is benign for both the users and the token. By always demography out added and added bill from circulation, this will accomplish a supply-demand that, in turn, can drive up PNR’s price.
Send and Receive Money at Instant Speeds
Money moves boring back it comes to sending them abroad. Panerora solves the affair of diffuse processing times. Gone are the canicule back accept to delay for a while to see your money in your account.
Money alcove your PNR wallet in an burning afterwards it was sent, behindhand if it was from addition country or in authorization currency. The almsman can again catechumen his PNR into any authorization bill and abjure them at any of the bounded offices or OTC exchanges of Panerora.
Most of the funds that Panerora will aggregate will be allocated to ambience up abundant partnerships and branches so that it can actualize a able arrangement that will accompany PNR acceptance afterpiece to its goal.
Improving Remittance One Office at A Time
Panerora will actualize an all-encompassing arrangement of branches and subsidiaries that will advance all over Africa. Twenty offices will be set up, with the aboriginal appointment to accessible in Tanzania. Subsequent offices will be opened in Mauritius, Madagascar, Congo, Botswana, and added African countries and regions.
Once they accept accomplished accumulation acceptance in Africa, the account will be fabricated accessible to audience from added countries.
Panerora will be alms investors the befalling to acquirement their PNR tokens in an accessible ICO session.
