The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so. is it just another e-Wallet like OKPay, PerfectMoney etc?
A digital wallet allows an individual to make electronic transactions only. That is just a very small part of what we offer.
We are also a financial services company. We expect our free payment network to attract many many users. We acquire big data, which gives us, higher---risk adjusted----returns on those financial services (for example p2p lending, credit cards, car loans, student loans, mortgages, micro loans, insurance and asset-backed securities).
In addition, we are Blockchain enthusiasts! We want to bring cryptocurrencies to the world's billions.
ok, I think the concept is interesting, but the mission is so boring.
people who need transfer money frequently are always few, most people will not transfer even once a year.
as said lenging, loan, insurance, this may be novel, but if these are free, how do you run the business?
maybe my mind is too stupid, and I look forward to your more detailed plan.
before entry Bitcoin, I was these people who never use bank or other payment to transfer money
but now, I can say that I will send or receive at leaset one transfer every week.
you might like this decentralized transcations, but for this lake banker project, how to decentralized is wait for them to explain more.