INTRODUCTION AND PROBLEMS OF FINANCIAL SERVICES
Due to the centralized nature of the current financial payment system, companies and enterprises cannot afford to get away with high fees. The global financial crisis revealed significant weaknesses in the existing financial system and some of the vulnerabilities have already exhibited their impact on the interconnected global market. Transferring money for remittance, money lending across international borders is still very complicated, time consuming and expensive. Existing systems running on traditional banking channels have these deficiencies:
Slow and full of intermediaries
Higher exchange rates
Counter-party risks
Bureaucracy
Extensive paperwork9
What if there is a platform that can be the gateway between traditional and new financial paradigms, and systems led by cryptocurrencies and empower the financial ecosystem to have a framework that allows for two-way operations between the two? ENTRY is the answer!
WHAT IS ENTRY?
ENTRY is a blockchain-based banking service designed to increase the flow of cryptocurrencies in the real economy i.e. it will allow people to use both fiat and cryptocurrencies in their day-to-day purchases without really having to be concerned about the technology behind the system. The blockchain is structured to enhance utility of all crypto tokens and simultaneously facilitate all those who still want to transact in fiat. The goal is to become a truly global bank in the post fiat world by touching the financial lives of every crypto user for the better.
FEATURES AND BENEFITS
Entry.Money
This is a cryptocurrency and fiat payment gateway for e-shops and e-exchanges, easily accessed through web and mobile app versions. It provides both personal and business accounts to ENTRY users in order enable them store blockchain assets. Through this, merchants are able to trade from their own currency to any cryptocurrency, and also receive payments in their local currency giving the freedom of price fluctuation and promoting liquidity.
Entry.Exchange
It offers a high security standard, user-friendly and worldwide supported service. It is connected to other exchanges to maintain liquidity for all platform operations. This will enable peer-to-peer payments (e.g. Cryptocurrencies-to-Cryptocurrencies, Fiat-to-Cryptocurrencies) for crypto investors and traders to trade in real-time; with low transaction costs, and at a faster rate. It also rewards those who holds ENTRY Token in their account, facilitating the growth of ENTRY services and an appreciation in the value of ENTRY Token.
Entry.Cash
This is an ATM system that enables the users to withdraw, deposit or transfer cash from their ENTRY wallet, at very low charges. Merchants are also incentivized for using the payment gateway (POS) by offering services to them at low rates.
Entry.Bank
This is a digital bank with traditional banking services provided using blockchain technology. It provides all traditional banking services such as deposit, insurance, investment, lending, factoring etc. Users can also deposit blockchain assets in their Entry.Bank accounts.
Entry.Network
This provides an underlying financial platform for third party partners, developers and other financial service companies, creating a framework to empower partners to build further financial products and services such as mobile app, internet banking, custom token creation platform, wallet, smart contracts etc. It also makes the platform easy, quick and secured.
ENTRY Token
This is an electronic and virtual currency Token that will flow in the ENTRY ecosystem. It will be the medium of exchange for transacting on the platform thus boosting ENTRY’s banking and financial services.
CONCLUSION
With Entry.Exchange, Entry.Money, Entry.Network, Entry.Cash and Entry.Bank; ENTRY aims to boost the international business by providing a secure, cost-effective and timely payment system to ensure that there is ease in currency conversions without any limitation to distance or boundaries.
Useful Information links
Website :https://entry.money/
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=3229958.0
Whitepaper: https://entry.money/ENTRY_Whitepaper_v1.pdf
Facebook: https://www.facebook.com/entrymoney/
Twitter: https://twitter.com/EntryMoneyICO
Telegram: https://t.me/Entry_Official
Bitcointalk Username: Moore234
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1755292;sa=summary
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