Review on Zephyr by Benaiah A. Akinlade
Zephyr aiming higher
Zephyr (ZEPH) is a cryptocurrency token and operates on the BitShares platform
Bitspark Limited which was established in 2014 created Zephyr, as a reward token for Bitspark’s global cryptocurrency payment network. This enables more than 180 cryptocurrencies fixed against a fiat currency in almost every jurisdiction in the world.
It gives people and businesses the benefits of operating without a bank account.
Bitspark is switching to Bitshares instead of Bitcoin for making international and domestic payments.
The introduction of Zephyr is going to play a key role in strengthening the Bitspark’s remittance network.
Technology
There are certain benefits of switching to Bitspark like an encouragement of receiving Zephyr Coin while signing up.
It is noteworthy that Zephyr Coin is worth real money. Additionally, when a sendy top up agent successfully tops up other sendy users, he or she will also be rewarded with a Zephyr. This is quite an incentive for Sendy users and MTOs to join the Bitspark remittance network. Of course, who wouldn’t want to join it when you get paid for even joining it!
Benefits
Zephyr is a reward token for those users of the Bitspark who do financially helpful actions for the Bitspark remittance network.
The actions that entitles to a reward include:
Receiving and sending money, topping up a balance and referring Bitspark to other people and motivating them to join.
The cryptocurrencies created by Bitshares have made accessing new countries for Bitspark easier. If someone wants to grow in these geographies, the ideal solution would be a financial incentive for joining the Bitshare network. This also ensures accelerated user onboarding.
Demerits
The coding of the source behind Zephyr has 5 developers and the team lacks a sales or marketing staff which can hinder the coin’s growth.
There are no bios or social profiles of the team members which makes it harder to understand who is behind the project.
Pros
- Reward system for customers
- Accommodates a lot of crypto currencies
- It can be operated without bank accounts
Cons
- There is no well defined marketing strategy
- Customer service is not well structured
