Cryptocurrencies is one of the most important inventions since the inception of the web. They are ushering in a new era of decentralization, privacy, and control of one’s own data that has the potential to revolutionize many parts of society. There are currently over one thousand cryptocurrencies in use, with hundreds more being released each year. Their combined market cap has grown from $10 billion in 2016, to over $400 billion at the time of writing, having previously been much higher. Only 1% of the world’s population own cryptocurrency. Companies involved with blockchain, the technology behind cryptocurrencies and altcoins are expected to experience significant growth over the coming years. Blockchain technology can solve dozens of previously intractable problems, like digital identities, supply chain integrity, data breaches and many, many more. The use of blockchain technology within society has been exponentially increasing since it was introduced to the world by Satoshi Nakamoto. The first use of blockchain technology was bitcoin. According to Gartner Insights, blockchain, the driving force behind the crypto market is estimated to grow in business value to $3.1 trillion by 2030. Blockchain is the fastest growing market in the world and the MCB token offers investors an opportunity to benefit from the growth in value. The age of blockchain technology is just beginning.
Before I proceed on this work, lets take a look at this video to have a clue on what mycryptobank means....
INTRODUCTION
MyCryptoBank is an online bank allowing any client registered in the electronic bank system to make a full range of bank operations, additional operations with cryptocurrency (payment processing, debit cards, credits and cheap investment products, use of crypto assets as credit security and many others) based on Blockchain technology without visit of department. They provides services of client’s remote access to accounts, products and bank services in order to make banking operations.
They offers their clients a multifunctional platform of banking service, which represents a hybrid system combining digital and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity. One account combination allows clients simultaneously using advantages of both types of currencies.
PROBLEM
High fees
Due to excessive intermediaries, traditional banks impose high fees on cross-banking and international wire transfers.
Long-awaited transfers
Bank transfers are based on several centralized nodes that often leads to slow transactions processing.
Territorial Limitations
Traditional banks are fenced by country boundaries.
Currency Barriers
Banks work only with classical currencies and do not allow to store and pay in crypto.
SOLUTION
Low Fees
Blockchain platform allows to get rid of intermediaries and minimize transfer fees.
Instant Transfers
The decentralized platform can process more than 100,000 transactions per second and perform operations with a speed of 0.01 seconds.
No Territorial Limits
Сryptocurrencies do not depend on county boundaries.
No Currency Limitations
MyCryptoBank is friendly to all fiat and cryptocurrencies. It is possible to store, to pay in cryptocurrencies, to conduct transfers and to take loans.
FEATURED PRODUCT
Payment Rings
MyCryptoBank also plans to issue payment rings- a paypass card analog, integrated in bank payment system and allowing to make payment similar to a bank card. Such rings are ideal for making small purchases- rings save time, because a client does not need to get any bank card or mobile phone. MyCryptoBank payment rings also may be
used for online purchase payment: each ring receives a number, validity period and CVV verification code. Due to new technologies, MyCryptoBank payment ring has high strength and is not afraid of loads, it’s possible to do sport with this ring, rings are water-proof and there’s no need to take it off to wash hands or swim.
Data storage and transfer is one of the ring’s functions. Each MyCryptoBank ring is identity (personal) contains all necessary information on client and may serve as a key of access to mobile bank or client identification in crypto АТМ MyCryptoBank.
Digital Multi-card
A Multi-Digital Card is a full-grade replacement for ordinary plastic cards. They allow you to connect several cards at once: debit, credit, discount, gift cards or even cards to a fitness club, etc. In other words, they can connect to any card that has a BARcode or built-in EMV chip. As Multi-Digital Cards are the same size as traditional cards it is possible to use them for cash withdrawals.
THE ECOSYSTEM
Online Banking
All MyCryptoBank services are always in your pocket and 24/7 available in both - your mobile app and laptop.
Money Transfer
MyCryptoBank provides an opportunity to send money around the world with the speed of sending a mail. All cryptocurrency payments are with minimal fees, instant and can be conducted in any classical or cryptocurrency - requiring only an internet connection.
Exchange
Since now any user can easily exchange funds using online banking. Change USD to BTC in the same ease as for fiat conversion.
Loans and P2P Loans
MyCryptoBank customers have an opportunity to take loans in fiat money on deposit of their crypto currency. There is also the possibility to get a loan from other customers using a P2P loan system.
ATM infrastructure
To provide the possibility for customers to input and withdraw money, MyCryptoBank has started to build its own ATM network (more than 1000 crypto ATM are planned to be installed) and will also attract ATMs of third-party banks.
Forex Trading
MyCryptoBank clients will get direct access to the interbank Forex market, where they will be able to carry out transactions, bypassing intermediaries, by using high-tech methods of processing orders and putting them on the market. In addition to traditional instruments for trading (such as currencies, indices, futures, metals, oil), clients will be able to trade in cryptocurrencies.
Virtual Cards
To conduct transactions in cryptocurrencies there will be virtual cards: Visa, Mastercard and UnionPay. Furthermore, there will be mobile services such as Apple Pay, Samsung Pay and Android Pay. It will let you pay via common POS-terminals supporting PayPass, payWave, QuickPass, websites and also allows to withdraw or input cash in ATMs.
Debit Cards
Debit Cryptocards give users full flexibility managing all cryptocurrencies and fiat money. As cryptocurrencies do not depend on country borders, debit cards are perfect for conducting payments while traveling. A debit card is also suitable for paying online or in stores.
Deposits
MyCryptoBank gives you the ability to deposit funds and receive interest not only in fiat but also in most known crypto currencies.
Crypto Acquiring
MyCryptoBank crypto acquiring services support all kind of settlements between parties and allows merchants to accept payments in both - fiat and crypto worldwide.
Consulting Services
MyCryptoBank provides a full range of consulting services including Legal and taxation matters as well as crypto consulting.
MYCRYPTOBANK TOKEN
MCBtoken is a rapidly growing cryptocurrency, which allows to conduct payments, make remittance instantly and worldwide. MCBtoken will be listed at main cryptocurrency exchanges and grants its owner access to all banking services.
TOKEN DETAILS
Token name - MyCryptoBank
Token symbol - MCB
Price 1 MCB 0.2 s / d 0.48 USD
Minimum Purchase - 50 USD
Token Algorithm - EOS
Support - EOS
Accepted currency - ETH, BTC, EOS, LTC, USD, BCH
Soft cap - 3,000,000 USD
Hard cap - 100,000,000 USD
Supply Token - 517.000.000
Supply of total Token - 795.500.000
The state of Estonia
Whitelist - NO
KYC - YES
Pre-ICO Start - 16 JULY 2018
Pre- ICO Ends - 16 AUGUST 2018
ICO Start - 11 SEPTEMBER 2018
ICO Ends - 14 OCTOBER 2018
Bounty / Airdrop - YES
Registration bonus - NO
Purchase bonus - YES
Countries limited ico - UNITED STATES
TOKEN DISTRIBUTION
FUND ALLOCATION
ROADMAP
MEET THE GREAT MINDS BEHIND THIS PROJECT
ADVISOR
For more information, please visit:
Website: https://mycryptobank.io/
Whitepaper: https://mycryptobank.io/docs/MyCryptoBank-white-paper.pdf
One Pager: https://mycryptobank.io/docs/MyCryptoBank-onepage.pdf
Bitcointalk Announcement: https://bitcointalk.org/index.php?topic=4484862
Telegram: https://t.me/MyCryptoBank
Twitter: https://twitter.com/MyCryptoBank
Facebook: https://web.facebook.com/Mycryptobank?_rdc=1&_rdr
Reddit: https://www.reddit.com/user/MyCryptoBank
LinkedIn: https://www.linkedin.com/company/my-cryptobank/
Instagram: https://www.instagram.com/mycryptobank
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9
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