BiteX: The First Locally-Embedded Crypto-Bank

aabl3zzy (2)in #blockchain • 6 years ago (edited)

There are many advantages of cryptocurrency, I will give only some of them:

full transparency, but at the same time confidentiality;
transaction speed;
low commissions;
lack of territorial or political barriers;
no restrictions on the amount of transfer;
the absence of intermediaries, in the form of banks or PS.

When people start using cryptocurrency to the full, they will see how much more convenient it is and how much more it brings benefits to the entire financial and economic model of the world. People will be confident in the safety of their funds; in addition, they will not be exposed to inflation or other negative factors. We are accustomed to seeing the assets with our own eyes, to touch the hands with their hands, to feel physical. Bankers understood this in time and therefore we are now on their hook. But for the development of the digital industry, it is necessary to open new banks, only cryptocurrency ones.

The Bitex project is planning to help current credit institutions to implement cryptocurrency at the local level in order to accelerate the transition to a new monetary-credit system.

This startup will help banks provide a wide range of financial services based on cryptocurrencies and help them move to a new level of development, becoming one of the main payment systems for many people. Partners will need to purchase a license for the platform and provide financial services on its basis.

Users and partners of the system will be able to receive and use the following types of banking services:

own individual electronic wallet standard ERC-20;

system participants will be able to get a loan for personal needs;

a virtual debit card linked to a personal wallet for various transactions or purchases;

Software and applications for small and medium businesses (accepting payments from clients in cryptocurrency);

the simple exchange between the most popular cryptocurrencies.

First of all, the development benchmarks of such digital banks are aimed at the Asian region: Singapore, Thailand, the Philippines, the United Arab Emirates, Hong Kong, India, Japan, Korea. Each representative will need to purchase a franchise and register the Bank in accordance with all the conditions and requirements of local governments, which in turn will increase public confidence.

Now the project developers are actively engaged in setting up the data of payment cards and ATMs through their own hardware solution, they plan to distribute about 20,000 such service points around the world. To become a representative or start using the banking services of this platform, you need to purchase XBX tokens, by the way, they are now being actively sold. Holders will be encouraged according to their quantity. The project has already managed to collect more than $ 2,700,000, selling a franchise to use the Bitex site in regional offices.
The competent team found a balanced combination of digital technologies and conventional banks, in turn, this will give a powerful impetus to people to go bustling faster and understand this new area for them. Simply put, everything will be as before, but only with the best benefits and without intermediaries, and with the protection of personal data from third parties. For example, Japan is a very developed country, mainly due to the fact that they constantly introduce various innovative technologies.

I think the idea itself is fresh and very interesting. It will benefit many people, and as you know, such projects become successful. Thank you for attention!

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