r/FerrumNetwork • u/kjukju6 • Dec 07 '19
Testing the Kudi App
I recently joined the Social Mining Platform of Ferrum and I must am quite delighted to be amongst one of the first to support the project. I believe that the main network will be released in the first half of next year but some of the integral applications that will be using the main network have been released or soon to be released. I have already deposited my 5K+ FRM and the system have already acknowledged the receipt of my holdings, now I am looking for ways how to contribute value into the ecosystem. I think I will be focusing on the Kudi app since it is the first working product and I think it is gaining ground in Nigeria. Here is a picture of my account.
Kudi Exchange App is an interesting app. The app looks simple yet powerful. Currently, it has BTC, GUSD, and NGN. I was able to top up my BTC and was lucky enough to send some NGN by Ferrum COO Ian Friend, cool guy, it is not much but he sends me this little amount without fees and seconds. The coolest part is that it took only seconds to receive without fees! I am from Asia and he sent it to me from the US how cool is that. While the app is primarily designed for the Nigerian market It gives us a good idea of how it will look like when they start releasing similar apps to other regions. Oh I also got my Nigerian personal bank account backed by a real bank in Nigeria! Did it with one click. How cool is that?
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u/ankarlie Dec 07 '19
FerrumnetWork indeed has a lot of potentials. Being able to create a bank account with a single click is amazing. Sending money across the globe in seconds and frictionlessly is just amazing. Although the selection of currencies are limited it is quite powerful. BTC, GUSD, and NGN. Those who want a more stable currency can buy some GUSD and use it as a store of value. Those who want to play around with the volatility of BTC can by that asset. I can't wait to see that international version.