Yoritex is a Canadian organization that is taking a shot at a special undertaking in the field of budgetary advances - SimcoePay ™. It is additionally viewed as the principal European multinational multicurrency online bank for non-inhabitants and EU occupants. YORITEX INC. developed a unique SimcoePay FinTech project for modern comfortable alternative banking solutions both for EU residents and nonresidents, for users of cryptocurrencies and adherents of the traditional monetary system From artificial intelligence to cryptography, rapid advances in digital technology are transforming the financial services of landscape, creating opportunities and challenges for consumers, service providers, and regulators alike. Yoritex Inc. ensures measure up to rights and open doors for EU inhabitants and non-occupants when adjusting at SimcoePay ™ Online Banking. Each SimcoePay EC customer is given the chance to get a multicurrency IBAN settlement account and a digital currency wallet with the choice of remote opening, and in addition a multi-money check card and full keeping money administrations, counting overdraft programs, rewards and cooperation in P2P loaning.
The key findings include the following:
---Barriers to entry are changing, being lowered in some cases but increased in others, especially if the emergency of large closed networks reduces opportunities for competition.
----Trust remains essential, even as there is less reliance on traditional financial intermediaries, and more on networks and new types of service providers.
--Technologies may improve cross-border payments, including by offering better and cheaper services, and lowering the cost of compliance with antimoney laundering and combating the financing of terrorism regulation.
---Boundaries are blurring among intermediaries, markets, and new service providers.
Yoritex with the developed and unique SimcoePay™ makes cryptocurrency exchange to be done at the best rate, and it allows for modern comfortable alternative banking solutions both for EU residents and non-residents, for users of cryptocurrencies and adherents of the traditional monetary system.
For centuries, technological progress has been an important force in the transformation of finance. Innovation in the financial sector has a long history ranging from the development of double-entry book keeping, to the establishment of modern central banks and payments systems, and the more recent introduction of complex asset markets and retail financial products.
SimcoePay™ Online Banking
SimcoePay™ Online Banking combines feature of modern banking, IoT, Big Data and Blockchain-based technologies while also meeting security and UX requirements.
With a SimcoePay™ SIM Current Account you can make and receive payments instantly. Having an account allows you to centralise incoming and outgoing payments, which makes reconciliation easier. You spend less time on manual processes and the cost of operating the bank account itself is reduced.
SimcoePay™ Online Banking is a bank without the hassle. Generally speaking-your business can get an account set up in a few simple clicks. You don’t have to clear time in your schedule to visit the bank office, no paperwork to sign.
With SimcoePay™ Online Banking you get a safe infrastructure for secure transactions, regulated in the same way a normal bank is. The same EU rules and regulations apply, so your funds are safe.
SimcoePay™ Online Banking works with multiple banking networks simultaneously which means you multiple banks working for you in one.
Looking at the market from this new perspective, SimcoePay™ Online Banking recognizes the need for a simpler way to do business in Europe. If you're a global exporter that doesn't yet have the volume to set up subsidiaries to meet the requirements for traditional bank account opening, you must rely on wire transfers from your importer. That means delays and a steep fee of 3% to 6% per transaction. With SimcoePay™ Online Banking IBAN account you can receive payments in the EU, without the hassle or the costs.
SimcoePay™ Online Banking offers you a SIM Current Account that provides the exact service you need from a bank account. No costly unnecessary services, complex applications or complicated compliance processes.
SimcoePay™ Online Banking is the perfect solution for your international business.
Yoritex ICO
Period: February 1 - May 1, 2018.
During the ICO stage Yoritex plans to sell up to 85% (433,500,000 YRX) of the total value of the YRX token. Buyers will be able to purchase Tokens at some of the world's leading crypto exchanges.
On February 1, 2018 at the first trading date, the YRX price will be set at: 1 YRX = 0.00185 ETH.
During the next 89 trading days, everyday, the same amount of additional YRX tokens will be listed by Yoritex Inc. The initial price of the additional YRX token will be the same as the closing price on the last day - which correlates with the "LOFI concept - the last out, first in" (by analogy of well known accounting inventory accounting methods). Unsold YRX token will be destroyed.
ICO
The Yoritex token (YRX) is an important part of the SimcoePay ™ ecosystem.
The start of the token sale has already begun and will last until May 10, 2018
Name of the token - YRX
The price of the token is 1 YRX = 0.00185 ETH
Standard token - ERC-20
There will be no minimum and maximum contribution amount
Softcap - 1,000,000 EUR (already collected 1,634,000 EUR)
Hardcap - 15,000,000 EUR
Accepted currencies are ETH, BTC, LTC
For the entire stage of the ICO a bonus of 60%
Period: November 29 - December 29, 2017.
The concept of "Make Your Offer" is the basis of the Pre-ICO round and so far Yoritex Inc. plans to sell up to 10% (51,000,000 YRX) of total YRX token items.
During this round, potential buyers can make Yoritex an offer to buy any number of tokens at any price.
If Yoritex agrees with the proposed offer, the deal will be closed as per the buyer's requirements.
Payment currency: ХBT, ETH, LTC, USD, CAD, EUR.
Unlimited volume
For more information, please visit:
Website: https://www.yoritex.com/
Whitepaper: https://docs.wixstatic.com/ugd/72b539_a8a7ceb8d49f43ad935e065b4d9fb92b.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2471605.msg25317595#msg25317595
Facebook: https://www.facebook.com/Yoritex/
Twitter: https://twitter.com/Yoritex_Inc
Author: Johnabajo
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1558264