IUNO: MAKING PROVISION FOR CRYPTOCURRENCY BANKING SERVICES.

chomsy (48)in #blockchain • 6 years ago

GENERAL VIEW
The highly esteemed type of financial institution is set to be introduced to the world in its distributed structure, and so this provision is going to serve as a helping hand for those categorized as the unbank (i.e people who haven't been exposed to any type of banking services) to easily conduct and have financial services at the snap of their fingers. However, it is not that some other platforms haven't emerged for this reason but they haven't been able to reach the peak of the services they seek to offer due to their lack of necessary infrastructures and other major tools needed which they weren't able to come up with.

The poor state of banking currently has discouraged quite a lot of the world's population to the extent that they haven't been able to achieve a tangible breakthrough in their finance except for having the negative consequences that emanate from it. Seeing that this havok is dominating the world at large and the system of banking, IUNO came through with the solution to have all these situations in control and to reshape the world's banking system with the use of assets to the advantage of everyone.

WHAT THEN IS IUNO?
The project is not just for remodelling the banking system but is also aiming to make it such that all users get easy access to all types of crypto related services and money they desire to use them for any purpose as they please. However, it is going to make this possible without them having to link up with mediators that are commonly used in the old scheme. This advantage will therefore rid users of the risks attached to having third parties involved in their financial services. IUNO now lean on the efficiency of the blockchain to make this happen without being interfered with or affected by external negativities.

This system is not just another payment platform, no, it is actually more than that. And the fact that many platform have their coins or tokens laid out for investors during ICOs and all that has nothing in comparison with this platform. It doesn't just aim to have itself in the list as another coin but it basically stands to dish out standard payment solutions in a decentralized manner to all the parties involved. So, in a nut shell, its core services will be the money related services and the rendering of all kinds of safe payment approach.

IUNO'S EXISTENCE AS A TWO WAY CURRENCY.
The token of IUNO (ABT) has two basic functions it performs in the system. One is that it can perform the function of the normal digital coin and also play the role of the fiduciary money at the same time for users, making payments easy and other processes or transactions achievable in the ecosystem. Also, cryptocurrencies have been hindered in its use and adoption due to the limitations and restrictions that have been placed on them by the government. This has made it look like a scheme that cannot be trusted and one that is dangerous for people to be a part but unfortunately, they got it wrong by that. The creation of cryptos has been a terror to the government as it is feared that it might close all revenues generated from the loans people get from banks and as to that it has become a threat in this respect. So as long as people invest more into digital assets instead of the normal currencies, banks will have no duties to perform and be that they become irrelevant.

THE SPECIAL PRODUCTS OF IUNO'S
This project will be bringing new banking approach into the digital system. Doing this will reinforced diverse qualities it will be exhibiting.
IUNO has prepared a payment structure for all to enjoy full monetary services. The platform has made a payment portal available for all its users to perform both the credit and debit transactions without difficulties.
Many industries who have the elderly and young as their constant clients will be revamped with the innovation of payments and other financial operations at reduced cost.

The token of IUNO is quite stable and has a reliable value against the fiduciary money. Using it drastically mitigates risks in the ecosystem and boost the confidence of the users.
Moreover, users get to interact with one another securely without third party aids and at the same time, IUNO makes a wallet system available for the sake of loans collected by users and the deposits made. It also secures the assets transferred between the users and brings about orderliness in the ecosystem.

More benefits derived from IUNO are the free transactions and freedom for the centralized patterns of operations that was trending. The entire provision of this platform brings freedom to users and improves the digital banking system, and as such, the adoption of cryptocurrency increases.