Bitspark launched a native rewards token, $ZEPH, for its bankless money transfer network. When a user deposits or sends money with Bitspark they earn $ZEPH.
Bitspark started in 2014 and is one of the original cryptocurrency companies. We were the first in bankless money transfers.
Bitspark commits 25% of its profits of $ZEPH in buybacks every month. Bitspark's first buyback was in October 2018.
$ZEPH rewards is used to grow Bitspark's money transfer network and users. With Bitspark's growth, more will be commited to buybacks.
Bitspark's money transfer ecosystem already exists with real users with three products working in five countries since 2015.
The Bitspark ecosystem is built to provide an alternative to existing money transfer providers out there, bank or non-bank.
Already in five markets, Bitspark will be continuing to provide bankless money transfers in emerging and frontier markets.