FOURTY SEVEN BANK – CONNECTING FINANCIAL WORLDS

ncwisdom (25)in #blockchain • 7 years ago

It became challenging over the inconveniences arising in the platform of securing transaction unit between monetary economies and digital finance.
In the light of this, Fourty Seven Bank came up with the idea of this platform https://www.fortyseven.io of which creates innovative, flexible and open Application Platform for financial technology developers, who will be able to operate under the roof of Forty Seven Bank, having access to banks infrastructure and customer base. Check out the whitepaper https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view

With the promise of giving access to developers with small or medium capital to create white label applications which will be able to compete with traditional banks. Fourty Seven Bank as a Service (BaaS) solution will disrupt financial sector of the European Union by reducing barriers to entry the fintech market.
Fourty Seven Bank is Aiming to provide high quality, secure and user-friendly banking services for individual and institutional consumers, which will be fully recognised by the ¬financial authorities and compliant with regulatory framework. The image bellow illustrates the product.

Based on the advertised fundamentals, the team members of Forty Seven Bank have carefully assessed market potential, technological opportunities and came to an assertion of building an innovative specialized ¬financial institution, which would build secure transaction unit between monetary economies and digital finance.

The Aim of Fourty Seven Bank To Cryptocurrency
The main Vision is to make fourty seven bank is to be stable in a state whereby it will stand as an institute of finance, operating digitally with the recreation in a branchless mood. It will also support the operation of cryptocurrencies and also traditional fiat currencies.

Fourty Seven Bank also empowers Multi-Asset Account as one of the featured innovative products. It will allow customers to have access to all their accounts in different banks and crypto wallets as well as to their investments and savings in cryptocurrency and f¬iat equivalents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank.

Forty Seven Bank as an Innovative Financial Technology

Aleksandrs Malins the CEO of Fourty Seven Bank working with it's creative team are aiming to provide high quality, secure and and easy to understand banking administrations for individual and institutional consumers, which will be completely perceived by the financial authorities and compliant with regulatory framework.

Fourty Seven bank is going to be specialising in digital finance accommodations by plenarily fortifying cryptocurrencies and traditional fiat currencies. Rudimentary cryptocurrency procedures include sale and purchase features, investment and exchange options and crypto-preserving and current accounts. Multi-Asset Account will be one of the featured innovative products oered by Forty Seven Bank – it will sanction customers to have access to all their accounts in dierent banks and crypto wallets as well as to their investments and savings in cryptocurrency and fiat equipollents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank.

One of the call goal of FSB is the assurance of security and proper storing of the public and private key
This is stated here in the chart below, or find out via the white paper. https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view

                    Fourty Seven Bank ICO

Abbreviation: FSBT.
Control over emission: is provided by the system of interconnected smart contracts.
Actual rate: 1 FSBT = 0.00393 ETH (including current bonus).

Maximum amount of tokens to be generated: 11 063 829 FSBT (incl. bonus tokens, tokens for bounty and founders).
Softcap: 3 600 ETH.
Hardcap: 36 000 ETH.

Accepted currencies on ICO: ETH, BTC.

ICO: now – 31.03.2018.

FSB Current token bonus:
20%
Rates (incl. bonus):
1 FSBT = 0.00393 ETH
1 ETH = 254.4 FSBT

<10ETH = 10%
≥10 ETH = 15%
≥25 ETH = 20%