The Forty Seven Bank: An Overview towards the best Banking System

mwaqar17 (47)in #bitcoin • 7 years ago

Recent digital online markets are under fast transformation via adapting decentralized systems, leaving traditional centralized markets. The concept of developing decentralized systems was firstly introduced by the European Commission with the idea of “Payment Services Directive” (PSD). The PSD was further supported by the latest advancement named as PSD2 which will be integrated with the main system in coming year through which financial institutions will be able to give access to their customers to their services and items through APIs (Application Programming Interfaces). Successful incorporation of this PSD2 with existing systems will be helpful in generating a single trade marketplace or hub for transactions and users will be granted closer access to the digital assets. Cryptocurrency market is still in its infancy phase, yet it is rolling billions of dollars per day and is growing at an exponential rate. One of recent close estimate claimed that cryptocurrencies are going to meet a major breakthrough in coming year and will become one of the major revenue generating market in 2022.

Instead of increasing market value of cryptocurrencies, speed of its global adaptation is very low as people are not willing to leave the traditional payment and transaction options. The reason is due to entry barriers and high charging fee to get into the world of cryptocurrencies. So, need of a financial institute is being felt to act as a bridge between the cryptocurrency users and those who are willing to trade via traditional systems. Forty Seven bank is designed with vision to serve in this regard. Our project is developed as a global back with best financial and professional services and will be recognized by all biggest organizations and firms. We are going to revolutionize the banking sector with our innovative system to fulfill the requirements of users and meet the demands of the hour.

Our valuable team consists of renowned banking professionals from all over the world. The best IT experts are there to assist them, to bring out the best possible services for the regulators. We are trying to enhance our international cooperation to bring all facilities at your door step. Forty Seven bank system has been laid on three basic rules include: Relevance, Convenience and Security. Finance and Banking experts are well aware of the needs of the traders and hence, they are working on providing the solutions to problems in existing platforms. Use of latest technology such as blockchain has ensured maximum level of security. Many other attributes such as Biometrics, and open API (Application Programming Interface), execution of Smart Contracts, Cloud Computing and an Adaptive and Service Oriented Structure make our system more attractive and appealing towards users (https://www.fortyseven.io/).

Forty Seven bank is going to organize promotional ICO (Initial Coin Offering) events which has three different phases.

• ICO 1: The first phase started on 16th November 2017 and will be live till 16th December 2017.
• ICO 2: It will start on 17th December 2017 and will last till 28th February 2018.
• ICO 3: The last phase of Forty Seven tokens will start on 1st March 2018 and will end on 31st March 2018.

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