Bankera, led by a team that includes Blockchain entrepreneurs and Parliamentarians, is planning to disrupt the Financial Services Industry by developing a blockchain based bank capable of offering innovative banking solutions  

Bankera an operating subsidiary of SpectroCoin (cryptocurrency exchange, e-wallet, debit card and payment processor), is developing a core infrastructure comparable to traditional banks to stay competitive within the market and to leverage the existing technology to build Bankera.   

Services offered by Bankera

Identical to regular banks, Bankera's services focus on three main areas:

• Customer payment accounts with personal IBAN interbank foreign exchange rates  
• Debit cards  
• Payment processing solutions

On later stages Bankera plans to include full scale banking capabilities in both Fiat and Cryptocurrencies in a phased manner. as discussed below

1. Current - Payment and Debit cards

Bankera is a SpectroCoin's new venture forking off the existing business of SpectroCoin which offers a Bitcoin exchange and wallet. Much of the Bankera IT platform has been developed by SpectroCoin, and is already in use with over 300,000 customers and over 50,000 debit cards issued

Thus the required IT infrastructure to facilitate payment processing and issue personal IBANs or payment cards have already been developed

2. September to October - E-MONEY Capabilities

Support of full P2P transfers, mobile wallets and the start of membership application of the major payment networks such as card schemes and remittance networks

3. EARLY 2019 - Obtain a banking license

This step is particulatly important for Bankera to call themselves a bank because to offer deposit and loan services esp. in Fiat curtrencies Bankera MUST NEED a banking license

4. LATE 2019 - Investment Solutions

The launch of services related to low-cost investment solutions such as equity traded funds (ETFs), cryptocurrency and crypto token funds as well as robo advising

5. 2020 - NEW TYPE OF MONEY

Perhaps the most valuable service offering by Bankera team, they plan to synergize investment and payment products to offer new types of money such as economic growth linked currency or usage of ETFs as a medium of exchange

Unique value propositions of Bankera

Fiat + Digital Currencies

Bankera services to support not only fiat currencies but also digital currencies such as Bitcoin, Ethereum, DASH, NEM. One of the first crypto-friendly regulated banks in the market

eKYC and Fraud Detection

Since all the revices offered by Bankera are digital, Fraud detection and prevention becomes an easy task for the team as compared to regular banks where some systems are still paper based and manual. 

Bankera will offer businesses, instant payment settlements using advanced proprietary know-your-client (KYC) and fraud detection solutions to collect information about the incoming payments and automatically settle transactions which otherwise could take weeks. Advanced technologies will also allow Bankera to estimate clients' economic power and thus offer them a better loan and deposit rates

Inflation adjustment + Investments

Bankera also aims to address long-lasting problems by reinventing how users see money today. Many consumers do not invest their money adequately to keep up with inflation. Bankera will offer low-cost investment products, such as equity traded funds (ETFs) and crypto-funds denominated in "baskets," as proposed by Nobel prize-winning economist Robert J. Shiller. This will help capture inflation and allow customers to keep their funds constantly employed to maximize the potential returns

Regulatory Approval

At this point, Bankera has the necessary regulatory and IT arrangements and has put together a strong team and advisory board, including Lon Wong, president of the NEM.io foundation, as well as Antanas Guoga, a member of the European Parliament, also known as Tony G – a famous poker player. Guoga is actively endorsing blockchain technology and cryptocurrency at the European Parliament and beyond

Please note, and this is most important as Bankera is taking Cryptocurency in highly walled and regulated Banking Industry, Bankera has regulatory arrangements to offer payments and debit card services only; it is yet to obtain Banking License. 

Bankera plans to obtain banking license in 2019  

Depending on where Bankera plans to obtain banking liscense it is extremely difficult for a statup firm to obtain one. To obtain a banking license a company has to fullfil lenght requirements on Capital, Control and Ownership. Requiring a banking liscense can be near to impossible in highly regulated countries like India, US or can be less difficult in countries like Saint Lucia (under the International Banks Act), Antigua and Barbuda (International Banking Act) and Belize (International Banking Act). Still it is NOT EASY.

The pre-ICO is live - 70% Subscribed

Bankera is currently in a fundraising phase and is preparing for a pre-ICO sale of its Banker tokens. 

During the pre-ICO, only 10% of the ICO tokens will be issued to finalize the initial version of Bankera before the full ICO. The pre-ICO will be used to determine the hard cap for ICO smart token. Each holder of Banker tokens will be entitled to a weekly referral commission, constituted of 20% of Bankera's net transaction revenue. The pre-ICO sale will take place on SpectroCoin where customers can currently try the minimum viable product

Is Bankera worth a punt?

The plan to obtain a banking license does sound ambitious, but once a license is granted, Bankera will be in a powerful market position.  

Bankera is also offering a unique revenue share deal:  “Each holder of Banker tokens will be entitled to a weekly referral commission, constituted of 20% of Bankera's net transaction revenue.”  

The payouts will depend on performance, but the idea of sharing revenue proportionally with holders of the currency should encourage depositors to maintain a positive balance. In effect it’s a way of paying interest on client deposits, something which isn’t available on normal Bitcoin wallets.  

The pre-ICO operations through SpectroCoin are already profitable, so the revenue share will begin immediately after the ICO.  

As always in these things, the early adopters make the most money. Of course, they also take the most risk, but poker players are adept at managing risk and return.  If you want to take part in the ICO, you will need an account at SpectroCoin

HOW TO PARTICIPATE in pre-ICO?

Create an account on SpectroCoin and buy new BNK tokens.

Before you participate in pre-ICO round do read through some review on 

TRUSTPILOT

CRYPTOCOMPARE

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If you are planning to participate in the pre-ICO please use my referral link for:

SpectroCoin

Bankera

Nature will bless you

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Sources:

1. Bankera

2. SpectroCoin

3. PR Newswire

4. Pokernews

5. Quora

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