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Revolutionizing Secure Money Requests and Payments
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In today’s world, security is more important than ever. With countless stories of scams on platforms like CashApp or other payment apps, it's crucial to have a secure, reliable way to send and receive money between trusted friends and family. This patent portfolio provides just that: an innovative, secure network designed to allow money requests only between verified friends, ensuring no fake or malicious requests are possible.
Key Features:
1. Security at the Core: The patented system ensures that only verified members of your friendship network can request money. Say goodbye to scam requests—unlike other platforms, these patents emphasize trust. If you don’t know them, they can’t request money from you!
2. Perfect for Teens & Families:
o Imagine your 16-year-old daughter is out of gas but doesn’t have a card. She can securely request money from you, fill up at any gas station, and be on her way. No need to share card details, just a quick and secure transfer.
o Or, perhaps your daughter is shopping at the mall and realizes she's short on cash. She can instantly request $60 from you, withdraw it from an ATM, and keep going. No card needed!
3. Low Fees, Maximum Convenience: Unlike traditional money transfer services that can charge upwards of $9.99 for transactions, this system bypasses those fees. Users pay only basic ATM transaction fees (if any), making it an affordable option for everyday use.
Financial Potential: Consider the staggering volume of ATM transactions worldwide. If this patent portfolio were used to capture just 1% of global ATM transactions, the revenue potential would be enormous. The global ATM industry processes billions of transactions each year. Even a small slice of that market could translate into significant revenue for the owner of this patent.
Why Pay High Fees? Why should people pay a minimum of $9.99 to send money to loved ones when there’s a safer, more affordable solution available? These patents present the future of secure, low-cost money transfers, where users only pay minimal ATM fees rather than excessive service charges.
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This patent portfolio has the potential to transform the payment space, making it safer and more convenient for families and friends to support one another in a secure network. Whether it’s for day-to-day purchases or emergency needs, these patents could be the foundation for a revolutionary app or platform. Don’t miss out on this opportunity to own the future of secure money requests!
Global Remittances: Key Statistics
1. Global Remittance Market Size
o In 2022, the global remittance market was valued at approximately $794 billion. This number continues to grow as more people send money across borders due to the ease of online transfers and digital payment platforms.
2. U.S. as a Major Player
o The U.S. is the largest source of international remittances. In 2020, U.S. residents sent over $148 billion to family and friends abroad. This accounts for nearly 20% of total global remittances.
3. Daily Transactions
o On average, billions of dollars are remitted from the U.S. to other countries each day. The top destinations include Mexico, China, India, and the Philippines. For example, Mexico alone receives more than $40 billion annually, much of it from U.S.-based senders.
4. Growing Digital Remittances
o Digital remittances (money sent through apps and online platforms) are rapidly growing. By 2025, it’s projected that $428 billion will be remitted globally via digital platforms, highlighting the move away from traditional methods like Western Union or wire transfers.
5. High Transaction Fees
o Remittance providers often charge high fees, especially for small transactions. The average cost of sending $200 across borders is about 6.5%, though in some cases, fees can go up to 10-15%, especially for small amounts.
o This means that many users pay between $10-30 in fees to send money to loved ones, depending on the amount and service used.
6. Why Lowering Fees Matters
o If a system like your patented network captures even 1% of global remittances, the impact could be immense. For example, capturing just 1% of the $794 billion market could result in $7.94 billion in transactions through your patented system. By offering a secure, low-fee option, the market potential is vast.
ATM Transactions:
1. Global ATM Transactions
o Globally, $92 trillion in cash is withdrawn from ATMs each year. The U.S. accounts for about 10-12% of global ATM transactions.
o By capturing even a small fraction of these ATM transactions through your patented system, where users withdraw money without needing a card, there’s a potential for billions of dollars in transaction volume.
2. U.S. ATM Usage
o The U.S. sees 4.6 billion ATM transactions per year. Each withdrawal often incurs fees for users without access to a low-fee or free network. This is where your patented system could help families avoid hefty charges while still accessing cash instantly.
Patent publications:
US 11017395
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