Arise Bank, who recently announced they acquired a FDIC bank in the U.S., has launched their ICO.
You can take a look at it here, https://ico.arisecoin.com
Arise Bank just recently burst onto the crypto scene, and have grabbed lots of attention as they unveiled their plans to become the first decentralized bank, including decentralized ATMs that will be able to cash out over 700 cryptocurrencies.
They tweeted this from their twitter account @AriseBank,
"We just finalized an order for 1400 ATMs. We're going to prove them all wrong! We will ALWAYS rise to the occasion, we will NEVER quit. There is a war on our freedom and we are right there with you fighting the good fight. That's why we called it #Arise."
Decentralized ATMs mean that they are available to purchase by anyone, and whomever owns one(or more) is in charge of operating it.
They have made some big announcements this past week, including a partnership with Bitshares. They also announced they will be acquiring RAIDA quantum technology, allowing for a super secure platform well into the future!
If Arise Bank is able to follow thru on the picture they painted this week, their value will sky rocket. Finally we will have the final piece to our alternative banking system, having guaranteed access to exchange crypto for cash on a completely decentralized platform.
I am interested in this but have to admit that I don’t quite understand it. I have a healthy number of bitshares and read through the Arise website - my first impression was that they are trying to do everything, rather than doing just one or two things brilliantly. Could be totally wrong, just the feeling I got
As a result I haven’t looked into it further - maybe you can help answer my question - why invest in Arise rather than just buy more bitshares?
Cheers
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The way I understand things so far is that Arise Bank's partnership with Bitshares will be to utilize the decentralized exchange. They are looking to become a completely decentralized bank, so that is where Bitshares was a perfect fit. Also, I believe that Arise Bank needed a substantial amount of BTS to join the platform, so this definitely increased demand for BTS at some point. As other projects continue to join Bitshares to utilize their Blockchain tech for their customers, they will need to buy BTS as well, and I believe there will be a lot of that in 2018, so BTS in my mind is a great investment. But that investment will not directly benefit from profits, just general usage of the blockchain.
I think Arise Bank's plan is to create a decentralized bank but that still offers similar options that you would find in a traditional, centralized bank,( i.e. checking acct., ATMs, invest in gold etc.) but where you are always in full control of your $. They also plan to allow cashouts of over 700 cryptos. Debit cards I would think would be a homerun. So investing in AriseBank, it is an opportunity to be a part of the first, dependable access to any crypto to any fiat. As well as giving us access to a greater number of financial instruments(because they will be FDIC insured).
Again, this is all what I THINK from reading and interactions, please do your own research!
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Thanks that helps - I will have to keep reading about it!
Cheers
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https://www.ripoffreport.com/reports/dynastack-inc/dallas-texas-75201/dynastack-inc-dba-dynalyer-inc-scam-artists-jared-rice-tony-caldevilla-michelle-nosek-1132983
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From the page of the report
"Tell real truth about Dynastack
AUTHOR: Stanley - (United Arab Emirates)
SUBMITTED: Friday, December 22, 2017
The post in question was not by an "employer" but an investor/partner and co-founder of Dynastack who became disillusioned with struggling thru the pain of a tech start-up.
Nothing he has said in his post has in basis in truth. If someone "stole" $200,000 as claimed then why were the authorities not involved? Ask yourself a simple question. If this were true would you make a post on a website or call the police or FBI. Sorry but $200,000 is a lot of money.
How do I know this I was also a co-founder of Dynastack and invested more than $50,000 of my own money along with Michael Miller, the author of this post, into creating a new start-up company. Sometimes things don't always go as planned and building a company from a start-up is very difficult. Over 90% fail in their first year. But at least we keep trying instead of complaining about it.
Happy to answer any questions.
Stanley Ford "
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AriseBank stated it had purchased an FDIC-insured bank named KFMC Bank Holding Company. The SEC shows this, as well, was a lie: KFMC is not an FDIC-insured financial institution.
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All of that is correct!
However, there is a reason that this happened, and it has nothing to do with intentionally misleading anyone.
They are buying 3 banking entities, but the two that were listed in the release were not the FDIC insured bank. The reason this happened is because all 3 banking entities are being bought from the same person, and the paperwork they sent over to Arise was not accurate in regard to the FDIC being one of those two, from what I understand.
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See https://goo.gl/S1X3Aw.
How does any of that change the fact that they lied there?
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A mistake was made, a press release went out clarifying that days before the raid.
There is paperwork to back up why/how the mistake was made and that the bank deals were legit.
The SEC lied as well, you going to hold them to fire the same way?
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How does any of that change the fact that they lied about their relationship with Marqeta?
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