a blockchain based remittance platform
giving banking access to the underbanked and unbanked.
nymo on the highway.
Nymo is a platform that uses blockchain technology and its own stablecoin to act as an intermediary between wallets and identities. In other words, Nymo provides a way for people to send and receive payments without revealing their true identities. Instead, Nymo uses its own stablecoin to facilitate these transactions, which are recorded on the blockchain.
By acting as a "pure carrier" between wallets and identities, Nymo helps to protect users' privacy and security. This is especially important in an era where cybercrime and identity theft are becoming increasingly common. By using blockchain technology and a stablecoin, Nymo provides a secure and transparent way for people to transact without putting their personal information at risk.
from fiat to stablecoin to fiat.
Nymo is a revolutionary platform that is working to bridge the gap between traditional financial systems and the unbanked and underbanked populations. By converting fiat to a transactional stablecoin, Nymo is providing a much-needed solution for those who are currently excluded from the financial mainstream.
The innovative approach of Nymo is to create a coin that exists only to deliver support to those in need. This coin will be supported by local services such as government, healthcare, and schools, ensuring that it has a real-world use case and a sustainable future.
financial empowerment to the unbanked.
Nymo's mission to empower the unbanked and underbanked is a noble one, and its innovative use of technology to achieve this goal is commendable.
By leveraging the power of blockchain and stablecoins, Nymo is helping to create a more equitable and accessible financial system for all.
Web 3 Transforming Digital Identity, Overcoming Obstacles
Nymo is a platform that leverages web3 technology to provide a new world of financial opportunities for the unbanked population. Using blockchain and decentralized applications, Nymo has created a digital identity card that is secured by biometrics, ensuring that everyone has access to a secure and trusted form of identification.
With Nymo's digital identity card, individuals no longer need to worry about lacking traditional identity documents, which can prevent them from accessing essential financial services. Instead, Nymo's decentralized identity management system provides a more secure and reliable means of verifying an individual's identity, even if they do not have access to a physical identity card.
By using web3 technology to create a decentralized solution to the problem of identity verification, Nymo is enabling greater financial inclusion for the unbanked population.
With Nymo, individuals can access essential financial services, regardless of their location or socio-economic status, which can help to promote economic empowerment and improve overall well-being.
Auditing
What
A crossborder blockchain based remittance platform.
Why
Current providers are extremely expensive for remittance, using the legacy banking systems.
Who
The Unbanked and Underbanked Population in Africa, Asia, and South America.
How
Stablecoin as a proxy
Digital Identity in the Blockchain
Security
In addition to blockchain security, nymo also utilizes biometric identification for both the sender and receiver for added protection, which brings nymo to level 4 cybersecurity
Biometric verification through fingerprint, face and voice recognition.
Oversees balances equality between Bank Account and yobi coins in the platform.
Monitoring if the stakeholders in the Eco-System comply with regulation
Key metrics
And more
2 txs/sec Peak transaction processing
100% System uptime
Advantages of cryptocurrency without the volatility
Carbon friendly
Web3
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Instant Settlements.
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Improve Capital Optimisation. Reduced Counterparty Risks.
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Improved Contractual Performance due to Smart Contracts.
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Increased Transparency.
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Increased Financial Solutions in terms of Crisis.
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Reduced Error Handling and Reconciliation.