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NRI INR

Empower 3rd world citizens who are deprived of the freedom of sending/receiving hard-earned money in the remote corners of the world, with a fair forex rate, ultralow fee, a money remittance project.

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NRI INR

Empower 3rd world citizens who are deprived of the freedom of sending/receiving hard-earned money in the remote corners of the world, with a fair forex rate, ultralow fee, a money remittance project.

The problem NRI INR solves

Citizens of 3rd world and developing nations work abroad to support their families back home, but when it's time to send hard-earned to their loved ones, the middleman like banks and money transfer organizations take a two-digit commission.

NRI-INR app as a decentralized solution enables cutting off the middleman, sending the INRD(/ stable coin) money directly into the wallet of the family members. The empowered family member can spend INRD directly or encash it with fiat currency, even when there is no bank or an ATM around.

No bank no ATM around, how is the money reaching the beneficiary?

NRI-INR empowers a fellow NRI-INR'ian to play the money kiosk, one with handy fiat currency, or access to a bank. The money kiosk partner will exchange the INRD to fiat currency in cash with the needy. Thereby the money kiosk partner for the support to the community will be paid a commission.

Challenges I ran into

more to come...

some random text, still in the draft phase

thanks for sharing your feedback, on this draft

Technologies used

Discussion