WHAT IS FORTY SEVEN BANK?
In the most laymen terms, the bridge between cryptocurrency world and the world of traditional monetary finance is Forty Seven Bank.
Forty Seven Bank is an emerging, one of its kind financial technology start-up focussing to help starting the first financial institution in the world to fulfill the demand of cryptocurrency world.
Putting this into effect is by means of linking the traditional financial world to a whole gamut of services for cryptocurrency users, if not limited to fiat money.
Founded by game changers in I.T., finance, economics, marketing and the gaming industry professionals in 2017, Forty Seven has already launched a successful token launch and aims to provide full fledged banking services by 2019.
HOW EXACTLY IS FORTY SEVEN DIFFERENT?
Well, customers are promised all their needs related to financial management, analysis and operations just as any other traditional banking services, heralding not just fiat money but all cryptocurrency. Investments in stocks, bonds or commodities are also catered to under one user friendly application. What this means to customers is that one application is all it takes to monitor and control all of their financial needs. This exclusive product is called Multi- Asset Account.
Payment processing programmes in cryptocurrencies, along with traditional payment methods is offered for catering to businesses. And there is good news for developers too. They are offered chances to customize financial technology using the Forty Seven platform. This is carried out with the help of flexible API and Forty Seven Bank App Platform; which aids in creating their own financial technology services and be able to offer it to other potential customers and clients of Forty Seven Bank.
And as to how safety ensured on all levels? Through remote identification and authorisation based on passport and biometric data.
UNIQUE SERVICES
Forty Seven will be the first to provide services as Cryptobonds and Cryptofutures primarily attracting companies to financing from the crypto financial market by issuing bonds and will permit traders and miners to safeguard against risks.
Adding to this is the advantage of FSBT token holders reaping notable benefits through their loyalty program, also allowing them try and test new services. Forty Seven is planning on investing 20% of net profit directly into furthering their loyalty program, so it is safe to say being a Forty Seven customer promises its own perks.
The first round of ICO commenced on November 16 and the second round commenced on December 17 will go on until February 28, 2018.The third round is scheduled on March 1 – March 31, 2018.
CONCLUSION
Forty Seven Bank will be fully compliant with standards and recommendations set and provided by the European Commission directive PSD2. The build of infrastructure will be fundamentally based from the PSD2 directive in mind thereby ensuring safe transactions and services. This will be a one stop solution for all financial need of the next gen consumer.
For more details visit
Website: https://www.fortyseven.io/
Whitepaper: https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view
Telegram username:poojajur
Written by: dammu
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1307953