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New Lower Cryptocurrency Top Up Fees – Another Way to Celebrate Our Strong Growth

Dear Valued Users-Community,

Good news! We are pleased to announce a drastic reduction in fees for all cryptocurrency top-ups – by A Whopping 75 Percent! FOINS’s management has reached new agreements with both partners-FSP and Payment Solutions to cut the top up fees by 75% for each fee category. The new Top Up Fee Structure comes into effect on Wednesday, 8th August 2018.

Bellows are the new fee (in blue colour) structure for all currently accepted top up cryptocurrencies:

Bitcoin (XBT)

Minimum Top Up Unit: 0.1
Maximum Top Up Unit: 50
5% → 1.25%    0.1 – 1.0
4% → 1%         1.000001 – 5
3% → 0.75%    5.000001 – 10
2% → 0.50%   10.000001 – 25
1% → 0.25%   25.000001 – 50

Ethereum (ETH)

Minimum Top Up Unit: 1
Maximum Top Up Unit: 500
5% → 1.25%    1.0 – 10.0
4% → 1%         10.000001 – 50
3% → 0.75%    50.000001 – 100
2% → 0.50%   100.000001 – 250
1% → 0.25%   250.000001 – 500

Litecoin (LTC)

Minimum Top Up Unit: 1
Maximum Top Up Unit: 1000
5% → 1.25%   1.0 – 30.0
4% → 1%        30.000001 – 100
3% → 0.75%   100.000001 – 300
2% → 0.50%   300.000001 – 600
1% → 0.25%   600.000001 – 1000

Ripple (XRP)

Minimum Top Up Unit: 100
Maximum Top Up Unit: 500,000
5% → 1.25%   100.0 – 5,000.0
4% → 1%        5,000.000001 – 25,000
3% → 0.75%   25,000.000001 – 50,000
2% → 0.50%   50,000.000001 – 75,000
1% → 0.25%   75,000.000001 – 500,000

Bitcoin Cash (BCH)

Minimum Top Up Unit: 1
Maximum Top Up Unit: 500
5% → 1.25%   1.0 – 10
4% → 1%        10.000001 – 50
3% → 0.75%   50.000001 – 100
2% → 0.50%   100.000001 – 250
1% → 0.25%   250.000001 – 500

DASH (DASH)

Minimum Top Up Unit: 1
Maximum Top Up Unit: 1000
5% → 1.25%   1.0 – 30
4% → 1%        30.000001 – 100
3% → 0.75%   100.000001 – 300
2% → 0.50%   300.000001 – 600
1% → 0.25%   600.000001 – 1000

Monero (XMR)

Minimum Top Up Unit: 1
Maximum Top Up Unit: 1000
5% → 1.25%   1.0 – 30
4% → 1%        30.000001 – 100
3% → 0.75%   100.000001 – 300
2% → 0.50%   300.000001 – 600
1% → 0.25%   600.000001 – 1000

Putting the old and new fee structures into perspective: For every dollar of fee that you used to pay for cryptocurrency top up, you are now paying only 25 cents, saving you 75 cents! This is indeed a Super-Duper Deal given the fact that current market top up fees range between 4.5% to 9%. We are able to reach these new low fee agreements with both partners-FSP and Payment Solutions based upon the healthy growth and development of our user base, increasing number of cryptocurrency top-ups in addition to the good relationships that we have established in our long-term partnerships.

The number of cryptocurrency top up transactions have increase over 300% in the last four months, as such, we were able to renegotiate a new deal with the Payment Solution Providers to reduce all cryptocurrency top up fees by 50%. In conjunction with the spirit of this new agreement as well as the robust growth of our platform in the last few months, our partners-FSPs have agreed to absorb half of the remaining fees, hence making it a total of 75% fees reduction. Starting from 8th of August 2018, all cryptocurrency users will be paying only ¼ of the previous top up fees, saving our users-community hundreds of thousands to millions of dollars each month just for cryptocurrency top up fees alone.

Our next step in the cryptocurrency development and implementation would allow for USCoin (USC) withdrawal into external cryptocurrency exchange(s). However, it will take another few more months of planning, development and assimilation for full completion of this payment gateway. Meantime, we have been confirmed that all cash withdrawals for the 31st of July were completed well ahead of schedule.

This drastic reduction in fees is just another example of our commitment to providing low cost amenities and services for the global users-community. It is made possible in part by large number of our active members who have been so dedicated to grow and promote our financial education platform; as a result, our platform has grown beyond expectations since the past two quarters. In all negotiations, as well as most of the biggest investment opportunities, numbers speak volumes; as we grow bigger and stronger, our ability, capacity and power to leverage for better deals and opportunities have also increased sharply.

Once again, we would like to take this opportunity to thank you for your continued support and dedication to grow our user base.

Monsieur Arnaud Georges
President – Foins.Global

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