The cryptocurrency market has rapidly expanded over the last 12 months, with many investors becoming millionaires with the help of crypto trading. However, investors are still concerned with the following questions:
- How and where can an investor pay with cryptocurrency?
- How to exchange cryptocurrencies with fiat?
- Which banks support these transactions?
MCV-CAP is the answer to these questions. We are building a digital bank with a full banking license. What makes us stand out is that our bank is based on the innovative blockchain technology. We are combining the use of blockchain, while maintaining all the facilities that are provided by a traditional bank.
Therefore, with the help of MCV-CAP, you will be able to exchange crypto with fiat and vice versa. Moreover, you will be able to use crypto coins to pay for services such as insurance, grocery bills, and other common transactions.
When the system is complete, all the limitations that are currently being faced by cryptocurrencies will be resolved. You will be able to use the trusted blockchain technology with the fundamental services of banks.
Furthermore, the services will be optimized and improved due to the use of the blockchain and its innovative technology. The transactions will be faster, cheaper and more transparent.
The benefits of instilling the blockchain technology in the banking sector are endless. Firstly, we will be able to verify risks and customer identification automatically, there will be no need to hire third party rating agencies to perform risk analysis. The element of trust will automatically be handled by the blockchain.
As we already mentioned, payments will be cheaper and faster as compared to traditional banks. That is because the system being employed by traditional banks involves a large number of intermediate services, which not only slow down the transaction but also build up costs.
Similarly, the use of blockchain technology in our bank will reduce the requirement of KYC, which traditional banks spend over €430 million on every year. Blockchain will automatically enable the identification of participants through another participant.
Lastly, through the use of blockchain, the work of audit firms will be optimized, and the public ledger will make the accounting much more streamlined. Firms will be able to easily audit the financial transactions of specific companies with the help of the public ledger.
The funds that are being collected by our team through the pre-ICO and ICO, will help us get the license and develop an amazing platform for you. Be sure to participate!
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