My first work Cryptocurrency Business Ideas | Page 10

How does this Fintech blockchain business script work?
The Fintech Blockchain business app can work with stellar’s XLM cryptocurrency or with your
own cryptocurrency as well.
As a sender a user would have to purchase a certain amount of tokens on the app that is
equivalent to the fiat currency they intend to send. For example, let’s assume your
cryptocurrency tokens are priced at US $1. The sender and the recipient should have signed up
on the cryptocurrency powered money transfer app and their respective wallets are created.
Suppose the sender wants to transfer $100 to another person in France, they would have to
deposit $100 into their wallet through the app. Once the sender deposits the fiat currency, it is
converted to cryptocurrency tokens, which gets transferred to recipients in any country.
The recipient can then request for withdrawal to their bank account in their fiat currency of
choice (cryptocurrency powers the entire transfer process, in the backend, cryptocurrency is
being sent from one wallet to another.)
As a platform owner, everytime someone makes a transaction, you stand to make commission