Reality overview
Cryptocurrency is a form of digital currency that uses cryptography for security purposes. It has quickly become popular in the public eye. There are many types of cryptocurrency including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin and so on. Cryptocurrency is still quite new to many people and Blockchain technology is quite confusing and complex to perceive. As a result, many banks are uncomfortable with it and tend to think it bad. Banks often criticize the volatility of the currency and their potential for money laundering. They do not understand the current features and potential of Blockchain for them. Instead they still accept a centralized and old-fashioned banking system. It also exists many problems:
- Administrative issues: Many banks block transactions involving the purchase and sale of electronic money. The reason is the laws and regulations of the country where the bank is located. Almost all banks only work with fiat money. They do not make transactions in electronic money.
- High commissions: Banks charge high commissions for international and inter-bank transactions. The reason for this is mediated.
- Transaction Time: Bank transfer based on a number of centralized nodes, often resulting in slower transaction processing.
- Territorial Limitations: Traditional banks operate within the boundaries of a particular state.
On the basis of these issues, MyCryptoBank has come up with a solution that creates a decentralized encryption bank that takes advantage of all the advantages of Blockchain technology and brings people closer to the crypto-world.
What is MyCryptoBank?
MyCryptoBank is an online banking service that allows any customer to register with the e-banking system to perform the same operations as a traditional bank such as payments processing, debit cards, credit cards and other investment products. MyCryptoBank hopes to become a place where all lovers and crypto investors can trade, transfer assets and spend safely with advanced banking tools that have been rejected by the industry. current bank. It has very high credit security. MyCryptoBank platform builds on Blockchain 3.0 (EOS) technology and it does not need any departments to manage the platform, it works automatically. In addition, MyCryptoBank offers a remote access service for customers so that customers can easily access banking services anywhere without having to go to the bank. MyCryptoBank has been licensed to exchange e-money with fiat money and how it works by crypto-wallet.
MyCryptoBank, as its name implies, is an entirely new banking platform that is built specifically to meet the needs of the cryo industry, eliminating the myriad issues that traditional banking has faced. MyCryptoBank.io is a carefully crafted online banking facility tailored to the tools that cryto enthusiasts and businesses around the world can use. It makes crypto more accessible for everyone and good financial infrastructure for the crypto community. MyCryptoBank have two featured products. The first is the payment rings. It is an analogy of contactless cards integrated into the payment system of the bank and allowing to conduct payments similar to a bank card. It is also possible to pay online because each payment ring has an assigned number, validity period and CVV code just like ordinary plastic card. MyCryptoBank also have a multi-digital card. It is a full-grade replacement for ordinary plastic cards. These cards will allow you to connect with any types of card that has any BARcode or built-in EMV chip, so they also have an ATM machine put crypto payments. Not like the ordinary ATM that only accepts Visa and MasterCard but this crypto ATM will also accept different major crypto currencies such Bitcoin, Litecoin, Etherium and so on. They have a demo, you can watch this at following video:
Products
- Crypto ATM: Among the very unique asset that MyCryptoBank has provided to its users is crypto-ATM. These automated teller machines have been carefully designed to meet the needs of crypto owners and are a convenient tool for them to withdraw money with existing cards or use cash to buy the cryptocurrency immediately. Buying cryptocurrency can still be a nightmare for many people in many parts of the world. MyCryptoBank will use these revolutionary ATM crypts to change games and make them more accessible as legal fees.
- Crypto Rate: While the use of cryptocurrency is increasing every day, the need to properly select the right crypto asset for the right service is essential for users around the world. This is the reason why MyCryptoBank has the crypto exchange rate on its own platform to serve as a general store for users to access and purchase the cryptocurrency they choose without the hassle.
- Forex Terminal: As a unique bank type, in MyCryptoBank tool there is Forex Terminal completely unique closed process and create the only platform that tends to meet the needs of both fiat money and cryptocurrency that just use an account for user.
This is not all of the products that MyCryptoBank plans to launch after the project launches, customers will also be able to adopt electronic money acceptors, loans secured by electronic money, transfer banking and other services needed for the crypto industry.
With two licensed e-mails and some exciting features like the super-convenient MCB Ring and the Powerful Multi-Tag, MyCryptoBank is bringing the game to a whole new level as it blurs completely. the division and give the crypto users around the world the banking convenience they are looking for
Team
Yurily Bolshukhin - CEO of MyCryptoBank has more than 15 years of experience as an entrepreneur. The MyCryptoBank.io team includes more than 20 financial technology professionals with over a decade of experience building a complete ecosystem with ATMs and payment cards, mobile applications, exchange services and limits credit secured by cryptocurrency. They also have 10 advisors and some of these advisors are very successful such as: Phillip Nunn, Nikolay Shkilev and Mickael Damour. Here is all members.
Core team
Advisors
Partner
Conclusion
One of the ways to determine the future of banking business, is the bank based on Blockchain technology. This technology is faster, more efficient and less biased than traditional technology. Blockchain can save time and money to banks and make temporary payments to users. MyCryptoBank will play an important role in this area. Therefore, I believe this project is very potential. The current project has completed a soft-cap ($ 3 million), but the hard-cap is huge ($ 100 million). This shows their ambition for the future of a great project, revolutionized the banking sector.
Useful links
Website: https://mycryptobank.io
Whitepaper: https://mycryptobank.io/docs/MyCryptoBank-white-paper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4484862
Telegram: https://t.me/MyCryptoBank
Youtube: https://www.youtube.com/channel/UCm6o0xRXXlrPR0-OqcBwXOA
Facebook: https://web.facebook.com/Mycryptobank
Twitter: https://twitter.com/MyCryptoBank
LinkedIn: https://www.linkedin.com/company/my-cryptobank
Reddit: https://www.reddit.com/user/MyCryptoBank
Instagram: https://www.instagram.com/mycryptobank
Medium: https://medium.com/@MyCryptoBank
Author:
Bitcointalk username: kld_hp
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1014734