FAME is revolutionizing financial transactions at a global scale!
By moving away from the constraints of traditional banking systems and adopting FAME, individuals across the globe can have better control over their finances, changing their lives for the better.
1. Financial Access and remittances are broken:
- Traditional Payments: High costs with wire transfers going up to $50 and 1-5 business days delay. Credit card transactions cost 1.5-3.5% of the transaction with a 1-3 day delay for merchants. Remittances have a 6.3% average cost, especially impacting those sending funds to low and middle-income countries…
2. Algorand Blockchain
We primarily utilize the Algorand Blockchain due to its innovative PPOS protocol. This ensures minimal transaction costs at just $0.0001 per transaction, coupled with an impressive settlement time of only 3.5 seconds. As a result, every member of our worldwide community can benefit from swift, cost-effective financial services. Even more notably, remittances through our FAME chat (screenshot below) can be processed in just 3 seconds, costing less than a cent!
3. Empowerment:
- The decentralized nature of blockchain platforms fosters an environment where individuals have more control over their financial assets without the need for intermediaries. Reduced transaction costs also mean that users can keep more of their hard-earned money.
Additionally, as adoption of these platforms grows, users can participate in a broader range of financial services and products, from lending and borrowing to investing, all while enjoying lower fees and faster service.
In conclusion, the integration of stablecoin payments and blockchain platforms plays a crucial role in the FAME vision, granting more people access to affordable, swift, and empowering financial tools.
