Forty Seven Bank  -  Modern Universal Bank That Will Connect The Financial World Based on Blockchain Technology

Entrepreneurs around the world now feel that there should be a secure platform and can help them to join at a global level. Given all the needs and expectations of entrepreneurs in a management perspective, financial information relating to cryptocurrency, a strong and established leader’s view, and regardless of it is especially advanced technological news related to prevailing blockchain and decentralized systems for the cryptocurrency. The presence of an online decentralization mechanism for crypto merchants will cover aspects related to safety, security, and confidentiality of merchant related information. 

Cryptocurrency is a form of digital money designed to be a safe and mostly anonymous currency. It’s also an internet-related currency that uses cryptography, an almost unbreakable process of information change, to track purchases and transfers. 

As we know the current cryptocurrency users are very much around the world so when they make payment transactions each other will have difficulties, difficulties when making payments to fellow individual companies or also payments to the company. Therefore a project called Forty Seven Bank wants to provide financial services in which they have a goal to connect the financial world by linking the fiat money economy with the cryptocurrency economy. From now on, you can manage and control your own money by using a centralized blockchain platform and linking finance with various banks. 

Blockchain technology with its transparency is the solution to honesty and fairness in terms of trade in the world of crypto. Blockchain enables the exchange of decentralized digital data. The process is completely transparent at all times, transactions can be tracked, cannot be changed and can not be broken. 

What is Forty Seven Bank 

Forty Seven Bank is a unique Platform that provides banking services built to create a modern universal bank for either cryptocurrency users or users of the traditional monetary system, a bank to be recognized by an international financial organization, a bank that will comply with all regulatory requirements. The platform will offer financial services, such as sales and purchases. Forty Seven Bank offers its customers a new innovative product called Multi-Asset Account that lets you have access to a bank account and a crypto wallet using a single account.

Forty Seven Bank is an innovative tech start-up technology based on blockchain technology, aiming to become one of the pioneers in a changing financial world and provide their clients with: 

•  Transparency
• Security and Privacy
• Fortunately for all interested parties 

Forty Seven Bank aims to provide a broad spectrum of traditional and digital financial products and services for each client. estimated in the next few years found One of the most significant breakthroughs in financial services technology. According to Coin Market Cap1, there are currently about 800 crypto assets worth up to 150B USD. There is a proposition that cryptocurrency can be valued at 5T USD by 2022 in market capitalization. 

PRODUCT FORTY SEVEN BANK FOR PRIVATE PERSONS 

 Account Management 

Forty Seven Bank clients have many possibilities related to account management. Having access to only one app, the customer will have access to all his accounts in various banks in one place will be easy to manage his personal finances. In addition, clients will have access to all of their crypto wallets. 

Invoice 

Forty Seven Bank will support its customers who offer small products and services as individuals without a company. Such as freelancers, copywriters, developers, translators, handicraft professionals, etc. The bank will provide a simple and easy to use invoice service for the customer. Using this service, clients will be able to automatically issue invoices and receive fiat and non-fiat funds to cover them. 

Deposits and Loans 

The Bank will retain deposits and loans in traditional fiat currencies such as EUR, USD, and others, as well as non-fiat digital currencies such as BTC, ETH, and others. Currently, no financial institution in the world offers similar products in non-fiat digital assets, while we see that there is great potential in developing and introducing classic banking products for non-fiat digital currencies. 

Investments and Brokers 

Individual clients will have the opportunity to create and manage their investment portfolio by using investment services and brokers provided by FortySeven Bank. The Bank will develop its own exchange in addition to the exchange partnerships that can be linked by using the FortySeven Bank platform through the API. 

Other Services 

The Bank will also offer traditional products and services such as insurance, payment, and transfer, payment and analysis history, cash withdrawals at Smart Forty Seven Bank ATMs, as well as at our partner bank ATMs. In addition, Forty Seven Bank will provide intelligent support with integrated machine learning technology for our individual customers. this will help resolve the issue between the bank and its customers in an effective way.

FORTY SEVEN BANK TOKEN 

Forty Seven Bank Token (FSBT) is a cornerstone of Forty Seven Bank infrastructure. FSBT tokens will be demanded by partners-developers in order to be able to upload their fintech applications into Forty Seven Bank App Platform. FSBT will also be demanded by businesses in order to improve the effectiveness of financial and operational activities via smart contracts. For private customers FSBT tokens will give several benefits in using Forty Seven Bank products and services, as well as token holders will be top priority customers of the bank according to the loyalty program and will get loyalty rewards on yearly basis based on a performance of the bank. After the crowd-funding campaign is finished, FSBT tokens will be available for trade at various cryptocurrency exchanges. 

20% of the bank’s net profit over the past year will be allocated to loyalty programs. The required number of FSBL tokens will be generated and upon request through a smart contract, the token holder will be able to obtain the number of FSBL tokens included in the item, which may be exchanged for goods and services on the Forty Seven Bank platform. 

The FSBT token holder will receive several important benefits. In general, we consider our unique ICO structure of its kind. The purchase of the FSBT token will be done through a smart contracting system that interacts with each other ETH and BTC received. Token will be issued by a company registered in the Estonian bank FortySeven After that, Forty Seven Bank will purchase property rights for the trademark Forty Seven Bank from the UK registered company and this will assist in creating Forty Seven Bank using the capital received from the sale of the brand trade. Forty-two banks will hold property rights for trademarks Forty Seven Bank, and Forty Seven Bank will sign an agreement with Forty Seven Bank that the bank may use the trademark for 100 years at a cost of 0.1% of its net profit for the previous year. 

The FBST Token is an influential economic material of tokens in the Forty Seven Bank ecological unit that is entitled to use a variety of desires for their products and services. 

• FSBT Tokens will be available for transactions in various cryptocurrency exchanges after the completion of the multi-party funding campaign.
• Forty Seven Bank products and services obtained by Etis Dais users.
• 1 token price = 0.0047 ETH. 

Detail ICO Forty Seven Bank 

Initial sales of the FSBT token begin on 30 October 2017 (15:00, GMT + 0, London time) and end on November 6, 2017 (23:59, GMT + 0, London time). During pre-ICO, cryptocurrency like ETH will be accepted. 

ICO will be held from 13 November to 13 December 2017. Cryptocurrency received during ICO: ETH, BTC. 

During pre-ICO and ICO, the company provided the following bonus system: 

BONUSES 

• Pre-ICO: 30% bonus
• ICO 1–3 days: 15% bonus
• ICO 4–7 days: 10 bonus
• ICO 8–14 days: 5% bonus 

15–28 days ICO: 0% bonus, but when purchasing a number of tokens, the following bonus size will be done: 

•  501–2 500 tokens: 2% bonus
• 2501–5,000 tokens: 5% bonus
• 5,001–25,000 tokens: 10% bonus
• 25,000 tokens: 15% bonus

The minimum budget for starting the project is 5,000,000 EUR (18,000 ETH) 

Road Map

( I have joined FSBT, I am not a financial consultant, I just share my opinion, please refer to it before contributing )

If you decide to join this project before the end on April 30, 2018, you may refer to the links below. 

Related Links Forty Seven Bank: 

Website : https://www.fortyseven.io/
Whitepaper : https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view
Telegram : https://t.me/thefortyseven
Facebook : https://www.facebook.com/FortySevenBank/
Twitter : https://twitter.com/47foundation
Bitcointalk ANN : https://bitcointalk.org/index.php?topic=2225492 

Author : Kolya Albina 

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1880310
ETH Address: 0x4506B1E0413E516Fb9A0F5082d513C4F0c75323f