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ZED Network is a compliance-friendly solution enabling MTOs to leverage a leading blockchain technology to rapidly scale their business. We provide state of the art Web/ Mobile Apps, a robust back office admin and built-in compliance tools for a comprehensive “remittance in a box” solution.
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Most corporate payments today are still paper-based. 83.5% of payments (by volume) are still made by check and 50%-60% of businesses receive and pay by checks according to Federal Reserve and The Clearing House Payment Company.
Sender initiates the transaction in person or at Sender MTO’s App and pays for the transfer the same way they always do.
Sender MTO buys ZED Tokens with fiat currency (CAD/USD/GBP, etc.) within their ZED Wallet and sends them to Receiver MTO through the Stellar Network.
Receiver MTO collects ZED Tokens in 3 to 5 seconds and converts them to local fiat currency in ZED Wallet before paying the beneficiary Receiver.