ENTRY: CREATING AN EASILY ACCESSIBLE BANKING PLATFORM BUILT ON BLOCKCHAIN

INTRODUCING BANKING AND THE CURRENT CHALLENGES

A bank can be seen as a financial institution where credit is created by lending money to a borrower when this occurs a corresponding deposit is created in the banks' balance sheet.
Yes, banks are very important as they contribute to the economy of any country, and in order to ensure effectiveness, they are highly regulated.
Even at all these, there are still problems facing them such as regional imbalance, monopoly, lack of initiatives etc. (https://www.quora.com/What-are-the-advantages-and-disadvantages-of-the-banking-system)
It is worthy to know that banks have been in strength in the worldwide financial system. For a considerable length of time, banks have prevailed with regards to making a pathway for viable transactions. There was developing dissatisfaction in the system as a result of high expenses ascribed to it, the issues of financial emergency which occurred in 2008 can't be forgotten too easily. Although there has been a significant improvement, yet the underlying problems have prompt the need for a more better system, thus the significant rise of various cryptocurrency projects in the finance systems each aiming to solve one problem or the other. Cryptocurrencies came to existence through blockchain technology as far back as 2009: faced with many difficulties, discouraging words, threats etc but today the story has turned out great. Blockchain technology was able to gain the needed audience and interest due to its outstanding feature, that is, decentralization. One of the features lacking in centralized systems be it in financial systems, transportation systems etc, thus the huge embracing of blockchain in the world today and as such leading to a $300,000,000,000+ market filed with huge potentials and benefits.
In order to be part of this revolution brought by blockchain, a project known as ENTRY was created. ENTRY aims to bring complete disruption to the financial systems (banks in particular).
A study carried out by the team behind ENTRY realised that the centralized nature of most systems are part of the factors contributing to its weakness to serve its users or customers well, and as customers or users are the sole factors which will determine if a project or system will grow or not, in this case, leads to the restricted growth of the financial systems.
Complex necessities in sending cash over the world are also one of the issues confronting conventional financial systems as it prompts delay and the related cost is high; also, users exchanging cash for settlement also face same challenges. Likewise, another issue is the utilization of Intermediaries which most occasions prompt high transaction charges. High exchange rates, counter-party dangers etc are likewise part of the difficulties.
Besides, the present plan of action or business model in the present financial system doesn't add any value to the business nor the users transacting in the business.

ENTRY, WHAT IT'S ALL ABOUT AND ITS ATTRIBUTES

Most times Individuals will ask, is blockchain technology really capable of disrupting this current financial system? Actually, the answer is YES. Blockchain technology paves way for cryptocurrencies whose transactions occur on blockchain where all transactions are secured while on the other hand transactions occurring with fiat takes place within the banking systems, so disruption is possible.
ENTRY is a decentralized platform in view of blockchain and controlled by smart contracts, therefore acting not just as a bank which offers deposits, instalments or payments and loaning services, it likewise makes accessible ATM systems for simple and advantageous withdrawal of assets. ENTRY also makes cross-border payments accessible and also cryptocurrency exchange for organizations and customers.
ENTRY has prepared answers for decentralized banking as the problems associated with the current banking system requires another approach.
ENTRY platform is taking a unique approach at cultivating a genuine selection of cryptocurrencies into real-world uses. In a related advancement, banking services will be decentralized similarly as most services offered by banks will be recreated.
From another view, ENTRY is truly making it possible to access systems the blockchain had not been connected to. The platform eliminates the middlemen and in its stead, positions shared or peer-to-peer transactions among transacting Individuals or businesses. When successfully achieved (of which it will), ENTRY will aim for the EU countries as a start, thus achieving its aim of bringing cryptocurrencies to the world.
ENTRY means to advance the wide reception of cryptocurrencies into true applications accordingly making "crypto-fund" for all.
By using blockchain technology ENTRY will have the capacity to record all transactions in a straightforward way and advance the utilization of cryptocurrencies for everyday transactions. Besides, ENTRY expects to build a simple, transparent, trustworthy and user-friendly platform where the traditional techniques for banking will be transformed; moreover, keeping in mind the end goal to furnish users with another involvement in banking, ENTRY made a suite of items and services which will guarantee users are obliged in its platform.
These items and services are known within the platforms as "suite of products and services", they are;

Entry.Exchange: This encourages peer-to-peer transactions of cryptocurrencies in a quick, secure and easy way.
Entry.Money: Works as a payment gateway that joins fiat and crypto transactions.
Entry.Cash: This will encourage withdrawal of digital assets and the token will be utilized as a medium of exchange on the ecosystem.
Entry.Network: ENTRY created this as an open source utilizing smart contracts, APIs and wallets. It is designed to allow traditional financial services to connect to ENTRY platform.
Entry.Bank: Utilizes blockchain technology to ensure that quicker and unlimited payments can be completed irrespective of the area of the user.

ENTRY ENHANCED BY BLOCKCHAIN

ENTRY uses AI in order to build a multi-utility financial platform which will enable individuals to execute with cryptocurrencies and fiat in the day to day transactions, subsequently being a worldwide bank required on the planet today.
In addition, with ENTRY being a blockchain-based platform intends to transform the present banking services by building a genuine financial economy which will be promoted by cryptocurrencies.
Furthermore, with ENTRY anchored by a strong and experienced team, the utility of various cryptocurrencies will be available on its platform and furthermore making it feasible for the individuals who wish to execute the cryptocurrencies for fiat. With its suite of items and services, ENTRY sets the standard in the financial systems.

ENTRY SUCCEEDS WITH THE AID OF BLOCKCHAIN

Like earlier stated, most Individuals still doubt the power of blockchain, but the ongoing advancements have demonstrated otherwise. Cryptocurrencies can be traded on cryptocurrency exchanges, they can also be gotten via investing in associated ICOs, mining too isn't left out, so yes, blockchain banking is also possible, which will be perfected by ENTRY.
The platform aims in bringing the genuinely necessary answer for blockchain banking, in addition, there will be an arrangement for assets withdrawal.
ENTRY's centralized exchange will be highly secured, user-friendly therefore easily accessible by any investor respective of their knowledge about blockchain technology.
By utilizing the decentralized nature of blockchain technology, ENTRY will be a dependable, straightforward and reliable banking platform where clients will have the capacity to execute without fear of loss of assets and so forth. With smart contracts, Intermediaries will be eliminated, along these lines prompting a banking platform where transactions are completed at a faster and at lower rate.
ENTRY Token:
The token of the platform is ENTRY, an ERC-20 token based on Ethereum blockchain. It has a maximum supply of 590million and it's used for micro and peer-to-peer transactions. It is needed by users or businesses to access ENTRY platform.

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