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MT103 Software Download
Here you will learn how to DOWNLOAD MT103 SOFTWARE or MT103 SWIFT PAYMENT SOFTWARE DOWNLOAD, MT103 Software is proven to be one of the best softwares out there for swift and local payments globally, widely used by commercial banks and also for flash funds payments by cyber criminals (internet scammers).
What Does Flash Funds Mean?
Flash funds is an advanced bank payment fraud or can be tagged as just a method cybercriminals use to make unauthentic payments for goods and services to individuals and companies.
The internet fraudsters also use this Flash Funds method to make so much money off the crypto traders more especially in the P2P portals or platforms mainly run by crypto exchanges, learn more below ⬇
How Cybercriminals Use Flash Funds To Make Money on Crypto Exchanges
cyber criminals will download any crypto exchange of their choice for target, sign up and login. They will verify it using fake ID but original or just buy verified crypto exchange account, afterafter securing a crypto exchange account they will open a P2P trade for (buy) order and will wait for their victims who will show interest to sell crypto to them (cyber criminal),
the buyer will then copy bank account details of the seller and flash the bank account with the exact amount shown on the exchange, when done the buyer will send in payment receipt generated from the flash funds software (MT103 Swift Payment Software) and the seller will receive the payment alert which will also reflect on available balance without hesitation will release the order by marking it as payment confirmed.
Now that order has been completed the crypto exchange platform will release the crypto currency to the buyer (cyber criminal) and the cyber criminal will not hesitate to quickly withdraw the crypto tokens to a different platform but a dex wallet
What Is Dex Wallet?
Dex wallet is a decentralized exchange (DEX) that enables users to trade crypto assets through blockchain transactions without the need for a custodian or centralized intermediary.
Summary Of Dex Crypto Wallet Definition
In summary, it is a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary.
Examples of Dex Wallet
- Metamask
- Bitcoin.com wallet
- Trust Wallet
- Inflowbit Wallet
Do have in mind that there are two different types of crypto wallets, the following lists are the two types of crypto wallets;
- DEX
- CEX
What Is CEX Crypto Wallet?
CEX is a centralized exchange (CEX), it is a platform that specializes in helping make transactions happen between two parties. In traditional finance, all platforms are centralized exchanges, for example banks (Spakarsee Bank), stock trading apps (Robinhood), and payment processors (Stripe).
Examples Of CEX Wallet
- Coinbase
- Inflowbit
- Binance
Why Do Hackers Always Choose Dex Wallets?
Because CEX is a cryptocurrency exchange that runs on its own infrastructure. In contrast to a DEX, the trading activity is always controlled by a third party. Let me explain more better, cex are exchanges controlled, to the hackers it’s not safe and of course you wouldn’t want to keep your money there if you were them (hackers),
From that Dex wallet they can be withdrawing the money little by little to sell and make money whenever they want,
What happens to money flashed into victim’s bank account?
The money flashed to victim’s account that reflected on his/her available balance will become a problem because the banking system runs periodic checks which is part of the bank’s security, most importantly verification of payments and the server to protect against any malicious attack, exploitation or manipulation. Have in mind that the MT103 Swift Payment Software was built to maneuver this but for a designated period of time depending on your configuration before the payment flash,
When the designated period of time elapsed the banking system will detect there is unauthentic inflow of payment and it will reject the payment, it won’t end there, the system will flag the payment and the account at the same time which will lead to the victim’s account being restricted or freezed for suspicious activity.
So technically, if you are the victim you will lose your crypto assets and will have problem with your bank for suspicious activity or fraudulent transaction but in most cases some banks will block victim’s account if such transaction happens twice.
Technically the hacker/scammer has made away with the crypto token and the exchange will not help you as they open warn you verify payments before you release assets and this is the reason why most people now prefer not P2P exchanges but rather wants direct dealing with the platforms, they use apps like;
- Inflowbit
- Breet
- Polehin
- Yellowcard
Back to our main topic on MT103 Swift Payment Software, the software for MT103 swift payment is also used for MT103/202 Bank communication, swift payments and more. The following is the video for MT103 Swift Payment Software
How To Download MT103 Flash Funds Software
for you to download MT103 swift and local payment software you must first of purchase the software, after you have purchased the software you will get to download it, also we advise you Contact the customer support to assist you through the set up and installation process.
Where To Get MT103 Swift Payment Software For Flash Funds
You can get MT103 Swift Payment Software here or you contact us one of our customer support will guide you through to purchase it. I hope this article on MT103 Software Download (Flash Funds) and How To Download MT103 Flash Funds Software helped, spread the love 🖤