Tuyanto: MYCRYPTOBANK ICO

MyCryptoBank is an online bank with which each and every client registered within the electronic banking industry will perform a full vary of banking operations, further operations with cryptocurrency (payment process, debit cards, credit and investment services, use of the crypto-currency as credit protection and plenty of others ) supported BlockChain technology while not bank intervention. MyCryptoBank so offers the client associate external access service for bank accounts, merchandise and services for bank transactions.

MyCryptoBank offers its customers a multi-functional platform for banking services, that represents a hybrid system that mixes ancient and digital currencies. the utilization of digital currency makes transactions quicker and cheaper, whereas ancient currencies guarantee acceptance and validity of all sensible matters.

Every person within the world who performs digital activities is currently a relentless user of FinTech services. So, FinTech because the monetary future now not resembles a speculative state of affairs. the most recent information show the expansion in whole number acceptance growth within the past eighteen months. The leading countries and industries solely accrued part in 2015. the foremost active technique for cash transfer and payment has been developed. per FinTech Adoption Index 2017 survey, of 22,000 individuals interviewed in twenty countries, five hundredth use the service to form payments and transfers and sixty fifth can do thus within the future.

The globalization of our planet leads to the globalization of relations between all its inhabitants. Currently the demand for digital money is very high. Digital currency The internet, safe, internet-based, accessible currency, helps anyone without a bank account to access funds and also allows fast and cheap money transfers without geographical restrictions. The popularity of smartphones in developed countries and therefore the speed of their growth in developing countries offers firms like MyCryptoBank the chance to supply full banking platform services. We can only use it with smartphone devices and debit cards. The popularity of digital banking in the world is not slowing. Convenience, speed and safety are not only extra benefits for users, they are standard requirements in the modern customer relationship.

PROBLEMS OF TRADITIONAL BANKS

The crypto community has no stable access to regular banking services. Many of those who deal with crypto are getting blocked by banks and financial institutions. The main factors that have been halting banking industry include:

High fees: Due to excessive intermediaries, traditional banks impose high fees on cross-banking and international wire transfers.
Long-awaited transfers: Bank transfers are based on several centralized nodes that often leads to slow transactions processing.
Territorial Limitations: Traditional banks are fenced by country boundaries.
Currency Barriers: Banks work only with classical currencies and do not allow to store and pay in crypto.

SOLUTION

MyCryptoBank will become a fully digital bank, accessible all over the world and at any moment. It will make all functions of a typical bank but without any bank departments and front-offices maximum relying on new digital technologies. This will allow MyCryptoBank to become one of the most inexpensive banks in the world with very profitable level of cost-to-profit ratio.

MyCryptoBank will become the first bank for cryptocommunity, allowing clients to receive and send funds in cryptocurrencies and fiat money and also exchange between cryptocurrencies and fiat money inside the bank. With MyCryptoBank it will be possible to create deposits, receive loans and credits. The bank will create an infrastructure which will allow setting acquiring and merchants for goods payment for companies and online services. Clients will be able to receive bank cards and with the help of it they will take available funds through any ATM in the world and also pay in shops, restaurants etc. For client convenience, the bank plans to install ATM and crypto ATM, assisting in making operations on cryptocurrency purchase and cash receipt with minimum fees. In the usual sense, it will be typical bank with the whole range of services but loyal to cryptocurrencies and cryptocommunity. It will give an undeniable advantage over other financial institutions, attract many clients and their funds for creation of bank’s positive liquidity and allow supporting and developing all products of MyCryptoBank.

FEATURES OF MYCRYPTOBANK

MyCryptoBank offers its clients a multifunctional platform of banking service, which represents a hybrid system combining digital and traditional currencies.
The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity.
One account combination allows clients simultaneously using advantages of both types of currencies.
MyCryptoBank meet the rules by sharing their processes of bank license receipt and license for work with cryptocurrency that leads them legally to work both with fiat money and cryptocurrencies.
The licenses allow the right persons to render services on change, turnover, transfer and keeping of cryptocurrencies and other virtual values for clients from any point of the world, both in representative offices and remotely through modern channels of communications.

MYCRYPTOBANK ECOSYSTEM

MYCRYPTOBANK SERVICES

MyCryptoBank provides services of client’s remote access to accounts, products and bank services and allows performing all bank operations.

Wallet (mobile cryptobank):

All MyCryptoBank services are always in your pocket and 24/7 available in both - your mobile app and laptop.

All main operations of MyCryptoBank will be available through mobile bank: cryptocurrency exchange, cryptocurrency conversion to fiat money and vice versa, immediate fund transfer all over the world, request and issue of credits, bank deposit opening and Forex trade. Loyalty programs will also be organized with the possibility to receive cashback on operations or balance. However, the interaction with Apple Pay, Samsung Pay or Android Pay will be organized and contactless payment possibility will be performed too.

Bank card and Payment Rings:

To make cryptocurrency transactions in payment system trading networks will be issued virtual cards Visa, Mastercard and UnionPay and mobile services Apple Pay, Samsung Pay or Android Pay will also be attracted. This allows not only paying through standard POS-terminals with PayPass, payWave, QuickPass support and sites, receiving bank cards for payment but also withdrawal or deposit cash through ATM, working with paypass payments.

Debit Cryptocards give users full flexibility managing all cryptocurrencies and fiat money. As cryptocurrencies do not depend on country borders, debit cards are perfect for conducting payments while traveling. A debit card is also suitable for paying online or in stores.

MyCryptoBank also plans to issue payment rings — a paypass card analog, integrated in bank payment system and allowing to make payment similar to a bank card. A miniature chip (NFC module) is integrated in the ring such as in paypass bank card. Such rings are ideal for making small purchases — rings save time, because a client does not need to get any bank card or mobile phone. MyCryptoBank payment rings also may be used for online purchase payment: each ring receives a number, validity period and CVV verification code.

Exchange of cryptocurrency/ cryptocurrency, cryptocurrency /fiat:

MyCryptoBank allows immediately converting cryptocurrency to fiat money and vice versa and also keeping it, quickly and easy receive, send and exchange cryptocurrencies. MyCryptoBank fund conversion is performed immediately and at a favorable rate due to integrated liquidity based on different cryptocurrency exchanges and own bank reserves.

Money transfer all over the world:

MyCryptoBank provides the ability to send money all over the world at the speed of e-mail sending. All cryptocurrency payments are carried out with minimum fee, immediate, work from every point of the world, if Internet is available and can be performed in any classic currency or cryptocurrency. MyCryptoBank wallet gives the possibility to send cryptocurrencies and fiat money to other users or send it to a debit card account. Office visits and queues are not necessary for it. Only bank account and Internet access are enough to make transfers.

Financing and loans P2P:

MyCryptoBank customers have an opportunity to take loans in fiat money on deposit of their crypto currency. There is also the possibility to get a loan from other customers using a P2P loan system.

Cryptocurrency acquiring:

MyCryptoBank crypto acquiring services support all kind of settlements between parties and allows merchants to accept payments in both - fiat and crypto worldwide. MyCryptoBank crypto-acquiring supports all three schemes of cryptofiat calculations:

Crypto-Crypto — a store withdraws client’s cryptocurrency (any) and receives cryptocurrency (selected);
Fiat-Crypto — a store withdraws client’s usual money (currency has no meaning), but receives cryptocurrency (selected);
Crypto-Fiat — a store withdraws client’s cryptocurrency (any), but receives fiat money (in currency selected).
Fiat-Fiat — a store withdraws client’s fiat money and receives fiat money.

Crypto-ATM and cryptomachines:

To provide the possibility for customers to input and withdraw money, MyCryptoBank has started to build its own ATM network (more than 1000 crypto ATM are planned to be installed) and will also attract ATMs of third-party banks.

Deposit percents:

MyCryptoBank gives you the ability to deposit funds and receive interest not only in fiat but also in most known crypto currencies.

Forex Trade:

MyCryptoBank clients will get direct access to the interbank Forex market, where they will be able to carry out transactions, bypassing intermediaries, by using high-tech methods of processing orders and putting them on the market. In addition to traditional instruments for trading (such as currencies, indices, futures, metals, oil), clients will be able to trade in cryptocurrencies.