ZED Network is a Platform connecting Money Transfer Operators worldwide

ZED Network is purpose-built for remittances.

For small to medium sized MTOs that can't effectively compete with larger MTOs, ZED offers a Platform as a Service (PaaS) built on a distributed ledger that reduces costs and transaction friction.

ZED is built for Money Transfer Operators (MTOs)

ZED 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.

Unlike the current SWIFT system, ZED Network eliminates dependency on banks in favor of a global, distributed network of licensed MTOs to create a faster, cheaper, more transparent money transfer network.

  1. Low Cost

    ZED transactions require no mining and costs only 1%.

  2. Instantaneous

    ZED transactions are settled with MTO partners across the globe within 3 to 5 seconds.

  3. Transparent

    ZED transactions are saved on a verifiable and immutable public distributed ledger.

  4. Global

    ZED Network connects Money Transfer Operators to partners around the world, providing instant global reach.

  5. Data Rich

    ZED transactions allow for the secure transfer of data with each payment, eliminating traditional reconciliation headaches.

  6. Comprehensive

    ZED is an all-in-one digital solution for MTOs including state of the art web and mobile apps, a robust back office and comprehensive built-in KYC/AML reporting.

How It Works

Current Remittance Process Flow

ZED Remittance Process Flow

  1. Sender initiates the transaction in person or at Sender MTO's App and pays for the transfer the same way they always do.

  2. Sender MTO buys ZED Tokens with fiat currency (CAD/USD/GBP, etc.) within their ZED Wallet and sends them to Receiving MTO through the Stellar Network (conversion rate is guaranteed for up to 15 minutes)

  3. Receiving MTO gets and sells ZED Tokens on the Stellar Exchange in 3 to 5 seconds and converts them to local fiat currency before paying the beneficiary Receiver

Coverage Area

ZED is currently testing in Canada. The ZED team is working hard to expand the Network to dozens of countries and currencies soon.

Use Cases

We anticipate the network of MTOs will take advantage of our eventual aggregate volume and network effect to create awesome payment solutions such as:

P2P Remittance

Facilitating cross-border settlements and remittances is a great use for blockchain-based technologies such as ZED Network.

Read Use Case

Corporate Payments

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.

Read Use Case

About Us

ZED Network is Platform as a Service Provider (PaaS) built on a distributed blockchain network using ZED Tokens. We are headquartered in Ontario, Canada and provide cost-effective remittance solutions to Money Transfer Operators worldwide.

Team

Alan Safahi | CEO

30+ years exp. in Hardware, Software, Mobile Telecom, Fintech & Blockchain

Advisors

Aly Madhavji

GlobalDCX Co-Founder, Angel Investor, Blockchain Entrepreneur

Chris Houser

Polymath Co-Founder, Lawyer, Infantry Soldier

Enzo Villani

Fintech Investor, M&A, Media, Public Relations, Micro-Cap

Garry Clement

Global compliance, AML/CTF expert. 30+ years in law enforcement

Greg Simon

CEO & Founder Loyal, Blockchain Advisor

Jim Griffin

Currency, Commodity, Hedging & Investment

Jordan Oxley

Chairman of Via Bank, CEO of Energy Co-invest Global

Michael Gord

Founder & CEO at MLG Blockchain, ICO Consultant, Speaker

Michael Terpin

ICO, Blockchain, CoinAgenda, BitAngels, Public Relations

Miko Matsumura

ICO Advisor, Investor, VC LP, Evercoin Exchange Founder

Sunny Ray

Unocoin Co-founder & President, Blockchain Events Organizer, Advisor

Partners

  • IdentityMind Logo
  • Investready Logo
  • Stellar Logo
  • ZipZap Logo

Press Coverage

World Economic Forum World Economic Forum

Cutting money transfer fees could unlock $15bn for ...

Contact & Support

We are modernizing remittance businesses.

Join Usor email us directly at info@zed.network

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