About us
ZAMZAM is a first blockchain driven digital bank that relies on the principles of openness, fairness and increased social responsibility. We combine modern technologies with centuries - proven financial system to provide you with the most reliable product at the market and erase boundaries between digital and fiat currency. We are aiming to become the first generation 3.0 bank, which is 100% transparent, digital, mobile and technologically new.
ZAMZAM is a first blockchain driven digital bank that relies on the principles of openness, fairness and increased social responsibility. We combine modern technologies with centuries - proven financial system to provide you with the most reliable product at the market and erase boundaries between digital and fiat currency. We are aiming to become the first generation 3.0 bank, which is 100% transparent, digital, mobile and technologically new.
Why does the world need blockchain banks?
ZAMZAM mission is to speed up the process of the transition from a traditional monetary system to a fully digital economy in order for banks and financial institutions all over the world to become open, fair and efficient through the implementation of blockchain and decentralized systems.
Openness
Transparency of all operations in blockchain. Real-time publication of the ZAMZAM bank’s detailed financial activities. Open results of bank audit. You have never worked with such an open banking system!
Efficiency
Reduce costs by circumventing the chain of intermediaries and abandoning obsolete methods of managing financial organizations.
Fairness
Fairness
Provide users with a choice between centralized and decentralized assets storage. Future is for hybrid systems, which give freedom of choice.
Fast financial blockchain based on Stellar fork
We are creating an independent blockchain bank with the lowest commissions for the end user. This technology is formed on the basis of our financial system to make the ZAMZAM products decentralized.
News Zamzam Digest
iOS
Fast financial blockchain based on Stellar fork
We are creating an independent blockchain bank with the lowest commissions for the end user. This technology is formed on the basis of our financial system to make the ZAMZAM products decentralized.
News Zamzam Digest
iOS
From the moment your account balance is also shown at the “Send money” window. You don’t need to swipe back to see how rich (hope so) you are, have a glance at the top of the window and decide, how much money you can send to your beloved friends and partners. After the transaction balance bar will be refreshed automatically. Also, two new feates were added.
The first one is the “Max” button. There is no need to type eternity of figures, which show how much you want to send, just push “Max” button and send everything you have on the wallet. The function is for really risky guys and girls only. For those who are not afraid to say “all in” while sitting at a poker table.
The second one is convenient in-house crypto to fiat/fiat to crypto converter. For example, your friend asks you to send, let’s say 10 dollars in BTC. Now you are deprived of the need-be to count it manually. You can push the conversion button in BTC wallet, type the number of dollars you want to be sent, zam.wallet uploads the latest exchange rate from cryptocompare.com and sends the exact amount of BTC which equals 10 dollars. In practice, it is even simpler than described there.
We have chosen cryptocompare.com because we genuinely believe that the service is efficient, exact and what is equally essential has very convenient API.
Android
Development of our Android app lags a little a bit, because our team took part in HackUPC hackathon in Barcelona, Spain, but be sure that during the next week we will catch the pace and all functions released for iOS will also be available for Android.
In general
From now all our newly joined users can send or receive tokens. However, our zam veterans, who have downloaded the app earlier, may face the problem, that they can’t find “zam.tokens” button. Please be patient; the update will come within several days, due to the necessity of check by App Store and Google Play.
Nevertheless, you can already try to send crypto or tokens to your friends just via phone number. The receiver needs to download zam.wallet within three days and get his/her tokens.
We have something to show you next week. Massive update of the product is ahead. Stay tuned for more news and info from ZAMZAM.
During the last two weeks we have finished the development of our iOS application, so you can download and test it.
We have also added one essential function in our app — coin info. From the moment any zam.wallet user has access to all the info about every coin in the system. All data about a coin exchange rate and it fluctuations during a set period of time is displayed on a graph at the main page. Here you can also find a history of coin costs. We have added several functions including coin/dollar exchange rate tracking, capitalisation, daily turnover, emission volume during a certain time, volume of planned emission and transaction history tracking.
We are also going to add a possibility to buy and sell tokens via our app. At the moment a user can only send or receive coins, but we will solve the issue as soon as possible. Full transaction history can be found at a wallet card. We are trying our best to make zam.wallet as simple as other top-level banking apps.
We have also finished the first stage of authentication procedure — KYC 0, where you need just to confirm your personal info and address. The next step of the identification process will be released soon. You can try it in our apps, and we are happy to receive any feedback both positive and negative.
We are adding new functions to our application gradually. All these should increase usability and provide our clients with new ways of working with digital assets.
ZAMZAM— first fair digital bank ever
ZAMZAM is a blockchain driven digital bank that relies on the principles of Islamic banking, which adhere to the key points of openness, fairness, joint risk sharing and increased social responsibility. We combine modern technologies with centuries — proven financial system to provide you with the most reliable product at the market and erase boundaries between digital and fiat currency.
The first one is the “Max” button. There is no need to type eternity of figures, which show how much you want to send, just push “Max” button and send everything you have on the wallet. The function is for really risky guys and girls only. For those who are not afraid to say “all in” while sitting at a poker table.
The second one is convenient in-house crypto to fiat/fiat to crypto converter. For example, your friend asks you to send, let’s say 10 dollars in BTC. Now you are deprived of the need-be to count it manually. You can push the conversion button in BTC wallet, type the number of dollars you want to be sent, zam.wallet uploads the latest exchange rate from cryptocompare.com and sends the exact amount of BTC which equals 10 dollars. In practice, it is even simpler than described there.
We have chosen cryptocompare.com because we genuinely believe that the service is efficient, exact and what is equally essential has very convenient API.
Android
Development of our Android app lags a little a bit, because our team took part in HackUPC hackathon in Barcelona, Spain, but be sure that during the next week we will catch the pace and all functions released for iOS will also be available for Android.
In general
From now all our newly joined users can send or receive tokens. However, our zam veterans, who have downloaded the app earlier, may face the problem, that they can’t find “zam.tokens” button. Please be patient; the update will come within several days, due to the necessity of check by App Store and Google Play.
Nevertheless, you can already try to send crypto or tokens to your friends just via phone number. The receiver needs to download zam.wallet within three days and get his/her tokens.
We have something to show you next week. Massive update of the product is ahead. Stay tuned for more news and info from ZAMZAM.
During the last two weeks we have finished the development of our iOS application, so you can download and test it.
We have also added one essential function in our app — coin info. From the moment any zam.wallet user has access to all the info about every coin in the system. All data about a coin exchange rate and it fluctuations during a set period of time is displayed on a graph at the main page. Here you can also find a history of coin costs. We have added several functions including coin/dollar exchange rate tracking, capitalisation, daily turnover, emission volume during a certain time, volume of planned emission and transaction history tracking.
We are also going to add a possibility to buy and sell tokens via our app. At the moment a user can only send or receive coins, but we will solve the issue as soon as possible. Full transaction history can be found at a wallet card. We are trying our best to make zam.wallet as simple as other top-level banking apps.
We have also finished the first stage of authentication procedure — KYC 0, where you need just to confirm your personal info and address. The next step of the identification process will be released soon. You can try it in our apps, and we are happy to receive any feedback both positive and negative.
We are adding new functions to our application gradually. All these should increase usability and provide our clients with new ways of working with digital assets.
ZAMZAM— first fair digital bank ever
ZAMZAM is a blockchain driven digital bank that relies on the principles of Islamic banking, which adhere to the key points of openness, fairness, joint risk sharing and increased social responsibility. We combine modern technologies with centuries — proven financial system to provide you with the most reliable product at the market and erase boundaries between digital and fiat currency.
ZAMZAM’s mission is to speed up the process of the transition from a traditional monetary system to a fully digital economy. We are aiming to become the first generation 3.0 bank.
One-third of the world’s population doesn’t have bank accounts due to the difficulties associated with the account opening for migrants and lack of confidence in banks among the uneducated. ZAMZAM opens the cryptocurrency market and the market of financial services for small and medium businesses and ordinary people. Blockchain technology allows ZAMZAM users to store their money converted to cryptocurrencies directly on the wallet in a mobile phone and make money transfers with exclusive control over them.
The product is backed by the team of professionals with more than 40 years of joint experience in entrepreneurship, and development. We are tired of the unfairness of the modern banking system and want to make it user-friendly for everyone.
MVP
We have completed the development of the alpha version of our product and released it. So, it is available for downloading and testing on the Web and Android, iOS is coming soon.
Web : https://app.zam.io
Android : https://is.gd/xEk8gi
Description of the functions developed for the Beta version.
We are developing several important functions for the release of the BETA version of ZAMZAM(1st quarter of 2019) and are focusing on working with fiat currencies. We have reached the phase of the interaction between the traditional economy and the new digital economy, thus creating a progressive bridge between them.
Under development:
• Buying cryptocurrencies for fiat
Users will be able to buy cryptocurrencies using their bank cards with the help of a simple and intuitively convenient form of acquiring in ZAMZAM applications.
• Managing customer bank accounts
With the help of the Open Banking API, users will be able to connect their bank accounts and operate them through the ZAMZAM applications (not available for all countries).
KYC confirmation
We are trying to make KYC procedures as convenient as possible for our clients. It will be enough for users to take a selfie and send a scan of a document to verify their identity! The entire process will take about 5 minutes (not available for all countries)!
When a bank account is connected, identity verification occurs automatically (not available for all countries)!
• Implementation of tariff plans
• Integration of ZAM Tokens
We are implementing support for ZAM Tokens released on the Stellar blockchain network in our applications. ZAM should be the main unit of account of the ZAMZAM system.
The ZAM Token is the internal currency of the ZAMZAM blockchain bank, which is used for paying commission for money transfers, purchases of ZAMZAM bank products, and switching to more appropriate tariff plans.
• Integration of Zam.exchange Alpha
A separate module is being developed in the form of the Alpha version of the Zam.exchange. After its integration into ZAMZAM applications, users will be able to perform exchange operations of the following formats:
◦ Crypto-Crypto
◦ Crypto-Fiat
◦ Fiat-Crypto
The Zam.exchange combines an aggregate of the largest cryptocurrency exchanges and offers the most favorable rates available on the selected coin!
• Fraud Protection
We are constantly working on increasing the security of our clients’ funds and data.
We always check suspicious user activity, and in the event of the identification of a number of factors, we oblige the user to confirm their identity through the webcam / camera of the smartphone.
Also, users will be able to set up two-factor authentication, to log in to the application and send large amounts. They will have to confirm their identity either by using the webcam / camera of the smartphone, or by phone number with a verification code.
FOR MORE INFORMATION :
WEBSITE : https://zam.io/en
FACEBOOK : https://www.facebook.com/zamzambank
AUTHORS : TELLYSA
TELEGRAM :@TELLYSA2206
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