ENTRY.MONEY: A blockchain based banking service [Review]
The dilemma of internationally transferring money
No long ago the world’s financial crisis made it pretty obvious that the current financial system of the world has plenty of flaws in it. The financial crisis also made it obvious about all the vulnerabilities that could have made an impact majorly in the global market even in upcoming future. Even in present day, global economy is facing a ginormous amount of hurdles and that’s the reason economy of even the developed countries is sluggishly emerging.
The dilemma is, still in the present situation of such a tech advanced era, transferring money internationally from one country to another is really complexed and you have to go through different procedures and there are many middle-men as well that cut a fraction of amount for tax services charges which in result consumes a huge time and also the procedure is quite costly as well. The existing banking system are full of intermediaries and are very slow as well. One thing is that slow procedure can be dealt patiently, if you have some patience otherwise it is still a problem moreover one have to also deal with the counterparty risks, long paperwork, and a whole lot of bureaucracy in the procedures.
The dilemma solved Entry money project
This entrepreneurial business model that has been created by the entry money project has quite focused on changing the present financial models. The present financial models only focus on tolling customers without offering them any kind of value addition. The solution brought by Entry money is to eliminate all the intermediaries which will in result help to make the financial transfer system faster, more secure, and a whole lot cost-effective for everyone who is involved in the practice.
Entry money is a kind of cryptocurrency and the fiat payment system gateway for the e-shops that which the users can easily access from the website or mobile apps provided by entry money. An IBAN (International bank Account Number) will be provided to the users of ENTRY which will enable the entry users to store all of their Blockchain assets, account financial details and amounts, everything related to Blockchain into one single account.
In the beginning, Entry money has made the plan to offer Euro currency for the fiat currency users for all the initial transactions offered by the project. Entry money plan is to make roots all over the Europe to provide facilities to the fiat currency users.
Entry Money will enable all its users to deposit, store, transfer and withdraw fiat and most importantly all the cryptocurrencies. The users will be able to utilize the entry money platform for all the simple conversions, which can ensure the future sales of the goods they have offered.
In the system all the merchants can trade freely in euro currency or bitcoin without have to face any kind of international boundaries issues whatsoever.
Moreover, the problem was that the customers weren’t in trust with the cryptocurrencies because of multiple hurdles but now entry has made a gateway in between the old and the new financial systems.
You can get entry tokens on the platform, it is expected that the entry will launch total supply of 590.000.000 tokens and moreover you will be able to spend these token everywhere, you can transfer it to anyone, receive from anyone just from your Entry account.
Token information:
• Token Symbol ENTRY
• Token Background based on ERC-20
• Token Type Utility
• Sales Date Token 17th April to17th July 2018 (Temporary)
• KYP / AML needed For all ICO contributors before or after
purchase
• United States Limited (Please check the rules of your Country before
participated)
• HARD CAP 325.000.000 ENTRY / 80.500.000 EUR
• SOFT CAP 25,000,000 ENTRY / 2.500.000 EUR
• License Money Institution Ready
• Status of the MVP Project Ready
• TEAM Ready
• Currency Received for ICO Fiat Currency: EUR, USD,
• Total ENTRY Coins 590,000,000 million
• Crypto currency Debit Card: BTC, BCH, ETH, LTC, DASH
and many more
If you’re interested in ENTRY.MONEY, these are the important links:
• Website: https://entry.money/
• Bitcointalk Announcement: https://bitcointalk.org/index.php?topic=3229958.0
• Whitepaper: https://entry.money/ENTRY_Whitepaper_v1.pdf
• Facebook: https://www.facebook.com/entrymoney/
• Twitter: https://twitter.com/EntryMoneyICO
• Telegram: https://t.me/ENTRY_Official
don’t miss out the opportunity.
Author details
Bitcointalk Username :- Cryptopal2
Coins mentioned in post: