What are the main costs in traditional transfer systems? Spreads? Paying salaries? Which elements wont be presented in ZeroBank systems?
In traditional money transfer system, there are many processes, which will cost a great deal of money, from 6 to 10% of the amount transferes. THose cost could be cash handling, transfer cost, exchange rate differ between countries, double exchange rate for uncommon currency and so on. ZeroBank aims to eliminate most of that by just having commission fee, intended to be about 2%.