During the Global financial crisis in 2008-2009 people lost their trust in the traditional global banking system. It motivated the birth of bitcoin.
Suddenly surge of cash less payments happened during 2014-2015.
Entry is a blockchain based banking service that aim to increase the circulation of cryptocurrency in the real economy. It is designed to allow people to use cryptocurrencies as like fiat currencies.
Cross border payments
There are three major challenges in the cross-border payments
• Slow and costly
• Different government regulations
• Lack of common global standards
Entry. Money allows peer to peer hassle free cross border payments with minimal cost.
It aims to boost the international business by providing secure and cost-effective payment system and provide ease of currency conversions
Entry is enabled with 5 core services integrated with Ethereum smart contracts to ensure data security and transparency in transactions.
• Entry. Money
• Entry. Exchange
• Entry. Network
• Entry. Bank
• Entry. Cash
Entry. Money:
It is a crypto currency and fiat payment gateway for e-shops. It will provide IBAN (International Bank Account Number) to every user of ENTRY to store their blockchain assets in their accounts. It allows to users to deposit, store, withdraw and transfer fiat as well as crypto currency. Merchants can able to trade in their own currency like EURO, USD.
Entry. Exchange:
In this user can buy/sell cryptocurrencies like BTC, LTC, BCH, ETH using EURO.
Soon it is going to incorporate with fiat currencies like Pound, USD, Japanese yen.
It facilitates exchanges like crypto to fiat, crypto to crypto, fiat to fiat and fiat to crypto.
Entry. Network:
It provides platform for third party partners, developers and other financial service companies. Its API gives access to third party partners to make use of entry services and enhance usage acceptability.
Entry. Bank:
It is a digital bank it provides traditional services using blockchain technology.
In this user can deposit their blockchain assets and make payment to individuals and provides services like mobile banking, internet banking, P2P loans, Insurance.
Entry. Cash:
Entry. Cash works as a virtual ATM it allows users to withdraw cash from their entry wallet.
It provides services like free debit cards, free fiat-to-fiat transfers, and free exchange to capture the customer base.
Entry. Token:
It’s an electronic and virtual currency token that’s used in the ENTRY ecosystem to make peer to peer transactions and micro payments.
Token metrics:
Token – Entry
Private pre-ICO 15th of March – 1st of May
Public pre-ICO 3rd of May – 10th of May
Token Background – ERC – 20 based
Token type: utility
Soft cap: 2,500,000 EUR
Hard cap: 80,500,000 EUR
Accepted Currencies:
Fiat currencies: EUR, USD, Debit cards.
Cryptocurrencies: ETH, BTC, BCH, LTC, DASH and more
Team:
Tomas Ambrazas- CEO
He has 25 years of corporate experience he has done master degree in banking and he was the chairman of licensed money institution in EU. He is an ICO and blockchain advisor
Tadas Ambrazas-CFO
He has done masters at Mykolas Romeris University and he has 10+ years of experience in various businesses. Carries Financial Broker General Licence.
Justas Maziliauskas- Developer
He has 5+ years of experience in coding. 1+ year of experience in lecturing coding. Blockchain & Cryptocurrency enthusiast.
Verdict:
Pros:
• Its core team members are well experienced in financial filed.
• Road map indicates clear vision till 2011
• Team has good mix of advisors and representatives from different industries
• Whitepaper and website are well structured and easily understandable
Cons:
• It is partnered with only 3 companies, but for a successful project it should have handful partners.
• There are lot of companies who are offering same services. It should work on competitive advantage.
• MVP is still yet to come.
Links:
Website: https://entry.money/
Twitter: https://twitter.com/EntryMoneyICO
Telegram: https://t.me/ENTRY_Official
Whitepaper: https://entry.money/ENTRY_Whitepaper_v1.pdf
Bitcoin talk Username: anushkamehta0902
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH address: 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a