Baanx.com are the Cryptobank network who are challenging the Status Quo and taking the fight to traditional banking.
Technology has changed every facet of our environment and how we perceive our money in this economy is no different. As artificial intelligence promises to further ease banking for customers across the globe why are we still looking to traditional banks for security?
The Great recession left people unsure and with a lower level of trust in banks. The need for secure systems and solid investment plans however, continues to be as great as ever and technology solutions are needed. Technology-backed advisors known as robo-advisors have now come into the picture and are expected to manage $2 trillion in Assets by 2020.
Where Did Crypto Banking Come From?
Cryptobanking has become a real staple of the economic zone as more and more institutions and corporate sectors have adopted crypto currency as a mode of payment and showed keen interest in the decentralized financial system.
Crypto banking can be considered as an alternative to traditional banking where the fintech firms/individuals adopt and implement blockchain technology. The users can have a direct access to their ledgers and all the transactions will be present in an open source. There are a few sectors which could bring serious competition to traditional finance over the years to come. Most notably are in the FinTech sector, which aims to bring innovation and global services to people all over the world.
Challenger banks are a major worry for existing financial institutions as well, as these establishments and start-ups are not encumbered by traditional banking’s legacy systems and policies. At the same time, the term “challenger bank” covers a broad range of services, which leads to a high number of banks focusing on niche markets.
But the biggest contender will be Baanx.com through its amalgamation of managing both cryptocurrencies and fiat currencies all in one place. Unlike all other financial players, digital currency does not require access to any of the existing infrastructure.
Baanx.com — Fighting the Legacy Banking Institution with Cutting-Edge Technology
Baanx.com is the World’s 1st Decentralised Blockchain Cryptobank with an Open Access, Open Source and Open Ownership platform — sharing bank licenses between Cryptobanks.
They are a Cryptobank with a difference, allowing qualified businesses, individuals, banks and charities to launch their own Cryptobank on the platform using rules based, smart contracts.
Baanx.com puts the end user in full control of their money, a trait the financial sector does not offer right now. With digital currency, there is no need to trust a third party for safekeeping one’s money. People can become their own bank and carry their cryptocurrencies with them wherever they go.
Baanx.com will deliver huge change to the market and disrupt traditional banking by scaling the size of the Cryptobank network to levels big enough to rival the established financial services sector. Their mission is to bring daily use of Cryptocurrencies to the world and create an unopposed banking service for both Crypto and Fiat currencies.
Baanx.com aims to be the largest Cryptobank in the world, with so many brands and customers, that they can prevent traditional banking institutions from shutting the Cryptocurrency movement down.
Join the Fight Today!
If you are interested in learning more about the Baanx.com movement then check them out at www.baanx.com and learn how you can support change in banking, decentralisation and open source, open access and open ownership for Cryptobanks.
Social Media:
Twitter: https://twitter.com/baanxcom
Facebook: https://www.facebook.com/baanx.io/
Reddit: https://www.reddit.com/user/baanx
Written by:
Sarah Murray
Communications Manager at Baanx.com