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How much will remittances be when done on the ZED platform? Will the cost rise over time or will it be constant?

The average fee for cross‐border transfer is now about 7 8% of the amount. ZED transactions require no mining and cost 1% or less. If the transaction costs on remittances worldwide were cut from an average of 7 8% percent to an average of 2-3% percent, it would unlock billions of $ a year only in poor countries.

High transaction fees is one of the main problem that people are facing using any money remittances and because of this reason people are trying to find others ways to send their money but ZED network has a solution that will boost any transactions with less cost.

According to the recent World Banks latest Migration and Development Brief in 2018, major barriers to reducing remittance costs are de-risking by banks and exclusive partnerships between national post office systems and money transfer operators.
That is what ZED is going to change due to the new possibilities that blockchain technology gives to us!

Those recent findings gives more reason that we really need a good platform like ZED. I'm looking forward for the public beta release so any MTO's can test the product and experience the benefits that ZED Network can provide on their current system.

I guess transaction fees will not be fixed but ZED mission is to reduce those charges at least 1% or less so any small to mid-sized MTOs can compete more efficiently.

The 1% less will be a big help for the company and customers since there are lot of transactions everyday for money remittances across the globe. ZED platform is very much needed these days to lessen the cost of sending money.