Looking for developer for a 3 month project. Essentially, it is an app which turns your phone into an ATM linked with your bank account. Similar to now famous M-Pesa app in Kenya but uses a new currency. App will be able to link any bank account similar to Paypal, including Wells Fargo, CitiBank, etc., and users can deposit/withdraw, transfer money, paybills, transfer money between services (such as buying coffee without any problems), pay using a QR reader, automatically convert any currency into the new currency and bank, transfer money between users and non-users.
How the app will work is this:
Step 1) User deposits a minimum of $1 into his or her account and the app automatically converts it into the "in app" currency which is valued at a $20:1 ratio, in other words, 20 US dollars are needed for 1 app currency
Step 2) When user buys something, the app automatically converts the app currency into the local currency, US dollars, Swiss Francs, Euros etc.
Step 3) Should the user withdraw too much, just like on a bank account, the user will have to pay a fee but can move money from Savings to Checking.
*All transaction fees are free, including download and registration, unless it is a withdrawal which is based on the percentage of the amount of app currency withdrawn. For example, if 5,000 app currencies are withdrawn, than 10% of the total amount is taken as a fee and given to the owner of the app and deposited in their bank account.