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 cryptoassets as credit security and many others) based on Blockchain technology without visit of department. So, MyCryptoBank provides services of client’s remote access to accounts, products and bank services in order to make banking operations. MyCryptoBank offers its 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.
Today I will give all information about the new innovation of a platform, in the field of cryptocurrency subcontrol cryptocurrency banking platform that is very popular, namely MyCryptoBank. I will explain many interesting features launched by MyCryptoBank below.
Various types of cryptocurrency banking platforms in the world but are rarely involved in cryptocurrency banking, but MyCryptoBank is able to launch the best program to improve project development in the present and the future. But MyCryptoBank also makes new innovations along with the development of the cryptocurrency world, MyCryptoBank also offers altcoin tokens that are no less sophisticated than other altcoins, although new altcoins are relatively competitive in the cryptocurrency market in the future. for further clarity, I will provide information about tokens launched by MyCryptoBank.
MyCryptoBank is supposed to clear up this problem. It will come to be the first financial institution for cryptocommunity, allowing purchasers to get hold of and send money in cryptocurrencies and fiat cash and also alternate between cryptocurrencies and fiat money interior the bank. With MyCryptoBank it will be feasible to create deposits, acquire loans and credits. The bank will create an infrastructure which will allow placing acquiring and retailers for goods charge for companies and on-line services.
Clients will be capable to receive financial institution cards and with the assist of it they will take available cash through any ATM in the world and also pay in shops, restaurants etc. For consumer convenience, the financial institution plans to installation ATM and crypto ATM, helping in making operations on cryptocurrency buy and money receipt with minimum fees. In the standard sense, it will be usual bank with the total vary of offerings however loyal to cryptocurrencies and cryptocommunity. It will supply an simple advantage over different economic institutions, entice many clients and their funds for introduction of bank’s advantageous liquidity and enable aiding and growing all merchandise of MyCryptoBank.
MyCryptoBank will allow clients to receive and send funds in cryptocurrencies and fiat money, as well as exchanging cryptocurrencies and fiat money inside the bank. With MyCryptoBank it will be possible to create deposits, receive loans and credits. MyCryptoBank crypto acquiring services support all kind of settlements between parties and allows merchants to accept payments in both fiat money and cryptocurrencies worldwide.
Clients will be able to receive debit MyCryptoBank cards, which clients will be able to use with any ATM, pay in shops, restaurants etc. To conduct transactions in cryptocurrencies there will be virtual cards: Visa, Mastercard and UnionPay. MyCryptoBank plans to install ATMs and crypto ATMs, assisting in cryptocurrency purchases and cash receipts with minimum fees.
All MyCryptoBank services are always in your pocket and 24/7 available in both - your mobile app and laptop.
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.
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.
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.
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.
MyCryptoBank crypto acquiring services support all kind of settlements between parties and allows merchants to accept payments in both - fiat and crypto worldwide.
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.
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.
MyCryptoBank provides a full range of consulting services including Legal and taxation matters as well as crypto consulting.
MyCryptoBank gives you the ability to deposit funds and receive interest not only in fiat but also in most known crypto currencies.
The MCB ecosystem is at the stage of development and can undergo significant changes and amendments of technical operation until its end-to-end-solution. It is important that efficiency of the MyCryptoBank ecosystem development depend largely on the number of the MCB tokens, sold during the crowd sale. Subject to crowd sale collapses, it can possibly result in a lack of the resource base for complete ecosystem development.
Platform selection for MCB token
- Possibility to create smart contracts and decentralized applications (DAPPs): MCB token is a smart contract, used in various bank applications. Each of the applications is a decentralized one, composed of 2 basic parts — the smart contract and the user interface (UI), simplifying the communication procedure between the user and the contract.
- Scalability: Client base of some banks contain millions of users, requiring possible fast scale
- Cost of transactions: If clients are requested to pay the additional blockchain network fee, it will set back the bank development and the client database growth. Thus, the blockchain platform with the close to zero cost of transactions should be chosen for implementation.
- Updateability of smart contracts and applications (DAPPS): Bank products and software should keep up with the times and develop continuously, which requires possible on hand update of the software code and security patch with no hard fork.
- Parallel tasking: Many bank applications make huge computations, thus there is need of parallel computing to speed up the applications.
- Time of transaction confirmation: Minimum time for the transaction to get sufficient number of confirmations and to become irreversible.
- Interoperability with different blockchain architectures: Possible interoperation with different blockchain assets — an important feature, required for banking solutions configuration, supporting the multicurrency service.
MCB token is issued on the EOS platform, being at present the only platform, complying with all listed criteria. EOS is based on DPOS algorithm consensus (Delegated Proof Of Stake) and Byzantine fault tolerance modification. The present algorithm consensus assures low cost of transactions, high application execution speed and has already proved to be reliable in such networks as Bitshares and Steem. Additionally, EOS supports possible internetwork communication (Inter Blockchain Communication), facilitating development of multicurrency banking applications.
Token : MCB
Token Price: 0.2 USD
Token for sale : 517,075,000 MCB (65%)
Token supply: 795,500,000 MCB
Soft cap: 3,000,000 USD
Hard cap: 100,000,000 USD
Accepting: ETH, BTC, LTC, FIAT, BCH, EOS
Restricted countries: United States of America
Know Your Customer: Yes
Pre-Sale Starts 2 days, 5 hours from now
Pre-Sale 07/16/2018 midnight - 08/16/2018 midnight
Token Sale 09/10/2018 midnight - 10/14/2018 midnight
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ANN thread: https://bitcointalk.org/index.php?topic=4484862