Our modern banking system has come under a lot of criticism lately, both from the arbitrary amount of charges levied on users and customers alike to the auxiliary services they offer to people. These banks have over time proven to be useful to all their users, despite their importance they have their downsides. Passionate appeals have been made for relevant improvements to be made in their service delivery system and they have indeed improved over the years but some have still remained stagnant and this is found especially in third world countries.
This has also led to the ideology in such countries that such services can't get better and as such people in such countries should take the services as they see them. Many financial transactions carried out between countries and continents have been marred by some hiked charges levied on the users as well as the delay which characterizes such transactions and other very disturbing disadvantages that ordinarily are expected from transactions done by humans.
However, in the 21st century, innovations are limitless and they have occurred in almost every sphere of human dealings. As a result of technology what was formally thought impossible in the course of financial transactions has now been brought to fruition, and much more advantageous merits would be seen as cryptocurrencies gradually gain worldwide acceptance. The Orbis revolutionary platform is one of the platforms focused on bringing the many goods of cryptocurrency closer to users. It is also one of the first of its kinds which seeks to innovate some of the flaws in our banking systems and bring advanced systems of banking, that would encourage people who have been formally dissuaded from using banking services to now use the advanced form of banking services which Orbis provides through its digital decentralized Bank-like structure.
PROBLEMS
There is absolutely no doubt that financial services are provided by banks. On a daily basis, there is always need for the use of a financial service by individuals living in a given society and in lieu of such importance the banking sector has evolved over the years but has been bedevilled by some inherent problems in that sector some of which would be highlighted below.
First is the problem that arises from the high amount of charges levied on users of platforms like MoneyGram, etc. which carry out international money transfers such as remittances etc. These charges have gone so high that people resort to other sometimes unlawful means to transfer funds from the countries they work into their home countries.
To cap this all up, some of the mediums of transfer are very slow and many of their users have to send the money sometimes one or two months before it is needed so that such funds get to their destinations in good time this is not favourable to users of the banking platforms and it is a great disincentive for all users.
People who use these platforms do not get the required anonymity of transactions that they sometimes need and even our modern day banking systems do not pay out attractive interest rates to all its users. It is considered a highly centralized system where only those at the top get to make profits from the banking system. The world of cryptocurrencies is not also alienated from some of the problems sort to be remedied by Orbis.
This comes in from the aspect where there exists difficulty in crypto to fiat currency transactions or investments. Many users of cryptocurrencies are faced with the challenges of using their funds for ordinary daily transactions as there is a low level of acceptance of cryptocurrencies and most people have to go through the rigours of exchanging their cryptocurrencies for fiat currency before they can now use them.
Problems of unnecessary and prolonged paperwork are to fill out by users who want to conduct international transactions e.g. transfers i.e. both the sender of funds and the receiver, is also a major problem encountered in the course of international and domestic money transfers. The is over the counter transactions are always prone to human error and sluggishness and this has been a major issue in the banking sector. The limits set by regulatory agencies as to amounts that can be transferred is also a major problem in the course of carrying out such transactions.
The security of transactions done on banking platforms has been challenged and has been proven to be grossly inadequate on several occasions. There is, therefore, need that in this 21 st century with the so many inventions and innovations springing up on all sides and in many sectors of the economy, there should also be a commensurate innovation and increase in the banking sector in the dispensation of their services.
SOLUTIONS BROUGHT BY ORBIS
Orbis is a decentralized blockchain based company that seeks to transform the modern day banking system. It is a platform that seeks to facilitate primarily international and intranational money transfers and investments among all users of banking services worldwide. It basically provides a user-friendly interface that seeks to make available to users worldwide a quick, safe and efficient medium for carrying out financial transactions.
The first thing to note is the fact that it is a digital bank-like platform which is decentralized having its own blockchain and is based on the use of cryptocurrencies. It first tries to eliminate the general ideology that the use of cryptocurrencies is just based on online transactions. This is done by bringing with it the use of debit cards that can be used by users anywhere in the world and to further bring her services closer to the people it also has centres and branches in countries all over the world so that people can withdraw money through their self-service ATMs or over the counters through Orbis personnel.
This is an unparalleled innovation in the world of cryptocurrencies. It establishes real-time money transfers amongst countries of the world. This solves the problems of having to cue up at banks or pay bribes to facilitate the quick transfer of funds to other countries by users of financial services worldwide. This encourages the use of the Orbis platform since it provides an efficient system of Bank-like services and as statistics show that about 40% of the world's population still use cash transactions and this is predominantly because of the shoddy services provided by banks. Orbis seeks to change this and has as its target market these people who have not tapped into the merits of using banking services.
Security is rest assured on the Orbis platform as its developers and team has taken due care to make sure that the system is secure and usable by the common man. This ranges from the desktop software to the mobile phone applications and the use of QR codes, all these avenues have been synchronized into the Orbis platform and the team has made sure that not only are transactions here secure but that they are also anonymous. Making sure that all users are rest assured that all their transactions are seamlessly carried out.
Still on the security of the platform provisions have been made for the use of the new block-chain World Identity Network system, ID card scanner, ID Verification and debit/credit card check, SSL certificates, and 2FA authenticator. All this goes a long way to show that all transactions on the platform is secure and rest assured. The use and provision of the Orbis debit cards also address the problem of the inaccessibility of funds on crypto-based platforms.
The use of Orbis platforms eliminates the problems of waiting in long queues and all the human errors that one may encounter in banks. The self-service options available to all users through mobile, ATM, and desktop platforms also makes the use of financial services easier for all users. Orbis does not set limits on funds usable or transferable between countries and this makes for a win-win situation for all on the platform.
Orbis provides its services ‘round the clock’ i.e. 24/7. With an active synchronized AI programmed robot to tackle all customer complaints on the platform and address user issues accordingly, there is little more a user of banking services can ask for. The platform makes peoples dreams come through by making for truly confidential transactions and also making for friendly exchange rates that are transparent and little or no transfer charges on all her users. In doing all this, it creates a transparent system of financial transactions that are not only secure but is also fast.
TOKEN DETAILS
Orbis operates a dual coin system. The first is the Orbis coin which is the Orbs and the OrbisInvest coin which is Orbsi. The platform also makes provisions for a wallet solely for use on the platform. this makes the use of the platform easy for users who own two of the two coins as both can be used and integrated into the platform. the ORBS goes for EUR0.50 to 1Orbs and the Orbsi coin would go for EUR0.50 too as well.
The minimum investment allowed on the platform is 0.50 EUR. The platform accepts ETH, BTC, Fiat for transactions on the platform. at the ICO a total of 62% of a total of 40,000,000 tokens was distributed. The Soft cap value is 500,000 EUR while the Hard cap value is 25,000,000 EUR. Token distribution is as follows; 40% - Token Sale, 35% - Company Reserve, 15% - Community, 10% - Shareholders and Employees. Funds allocation is also as follows; 40% - Development, 20% - Research and Development, 15% - Marketing, 10% - Operational, 10% - Legal and Accounting, 5% - Hosting.
TEAM
The Orbis team comprises of individuals who have made their mark in different areas of human and digitalized technology, vastly experienced and this is helping in no small measure to further build the credibility of the platform.
CONCLUSION
Orbis is a well-appreciated innovation in the worlds banking system thanks to the instrumentality of cryptocurrencies and its many innovations. For the first time, we see the duty of social responsibility shown by a crypto-based company. This is evident by the Orbis philanthropic vision, to give back to the society which it operates in by helping the needy and indigent members of the society. This is indeed a welcome innovation in the commerce sector.
With the introduction of Orbis, we should see an efficient and secure digital banking system that makes life a lot easier for all its users worldwide. Transfer of funds to countries of the world just got easier with Orbis, the inception of the usage of debit cards by cryptocurrency companies such as Orbis is now feasible with its introduction on the Orbis the life of many just got better as it would put an end to the centralized banking system that formally existed. Orbis is the platform to use and is necessary for a truly decentralized financial system.
For more information about the Orbis platform, please click oin the links below:
Website: https://orbistransfer.com/
WhitePaper: https://orbistransfer.com/#whitepaper
Facebook: https://facebook.com/orbistoken
Twitter: https://twitter.com/OrbisToken
Instagram: https://www.instagram.com/orbis_token/
Telegram: https://t.me/orbisgroup
Github: https://github.com/1Orbis
USER NAME BTT: DEWI08
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