HubrisOne - An Era where Traditional Banking and Cryptocurrency Works Together

Due to numerous significance offered by the Blockchain technology and cryptocurrency, the world of cryptocurrencies is growing incredibly well attracting the interest and attention of all calibre of investors across the globe. The global adoption of cryptocurrency is inevitable and as a matter of fact, it is high time the traditional banking systems integrate it into their services.
Despite the conflicting principles upon which the traditional banking and cryptocurrency work on, HubrisOne intends to bridge the long created gap between these two parties of finance.

As stated previously, basically, the idea for the creation of the HubrisOne project is to merge cryptocurrency and traditional banking. HubrisOne functions as a cryptocurrency wallet and traditional banking account which is developed as a single app compatible on both android and iOS. HubrisOne believes that cryptocurrency is intended to revolutionize finances, hence not to miss out this great opportunity, decides to create a cryptocurrency friendly bank account which is more secured, intelligent, lively, regulated, and easy to use manner.
The vision of HubrisOne is to become the connector between the traditional finance and banking, and the strongly emerging world of cryptocurrency in a more secured, user-friendly and regulated way.

A research done by the HubrisOne team reveals the numerous problems facing both the traditional banking and cryptocurrency world. Amongst the numerous problems, a few are highlighted below:

1. Volatility issues with price of coins and market manipulations. There is much speculations about the issue of market manipulations by the big actors in the cryptocurrency world. The normally act with the intention of causing of the weak hands to sell off their valuable coins at cheap prices. These big actors or players on the market then buy the valuable coins at cheap prices and again manipulate to raise the price of the same coins.
2. Lack of regulations in activities related to the crypto space. From the scratch of a project to the listing of that project on an exchange, there is no regulation guiding or controlling the procedures involved. A project can decide which time to list on an exchange and which time to make product ready after investors have thrown their fortune on their ICO. With this, an investor can hold a coin for years without getting listed on the market – the result of lack of regulations. Regulations will put the team on their toes and speed up the development of the project.
3. Uprising issues of fraud or scam projects. This is another pressing issue facing the world of cryptocurrecy which needs to be addressed on time before investors get tired of ICOs. In fact, this issue has bred lots of mistrust and lack of transparency on the crypto market.
4. Most governments are against the idea of cryptocurrency. Of course, this has been one of the pressing issues acting as a bane to the smooth progress of the crypto space. Due to the lack of regulations and price manipulations, most governments do not want to authorize it.

1. Out of complacency, the banks still operate with archaic verification systems which can usually be time consuming.
2. Most of the banks have poor customer services in terms of communication. Each branch of a bank is expected to have a live chat which works 24/7 to meet client needs but this is not happening.
3. Most of the banks do not work on weekends, hence a client would have to wait for the next week before a deposit can be made.
4. Excess fees for overdraft and missed payment. Every proceeding with the banks incur fees to be paid by clients ranging from overdraft to missed payment.

HubrisOne did not only research to find the problems facing contemporary cryptocurrency world and the traditional banking systems but to also devise solutions to these problems:

1. Utilizing the increase usage of smartphones and serving the unbanked. It is very obvious how the patronage of smartphones has grown incredibly well over the past few years. It appears that about 2.1 billion people are using smartphones and it is predicted to increase to about 2.6 billion in 2019 (Statista, 2016). This is why HubrisOne developed an app which supports both android and iOS platforms to provide more secured, intelligent, and regulated crypto-friendly bank account. HubrisOne intends to reach out to the unbanked who forms a large portion of the world’s population (about 2 billion unbanked adults) due to lack of access to basic banking infrastructure. More than two-thirds of the unbanked are using smartphones, hence HubrisOne is in the best position to bring banking and cryptocurrency services to these people.
2. The HubrisOne app will serve as a bridge which will close the long created gap between the traditional banks and cryptocurrency world. This will then deliver a mutual benefit to both parties. The unbanked can now have access to banking and cryptocurrency services. Eventually, this will increase the adoption and create more value for the cryptocurrency market at large.
3. HubrisOne will allow the creation of instant digital bank account for free. This feature is made easier and more convenient after passing a KYC and AML phase. Users can create a bank account in GBP, USD, and EUR dominated currencies which allow the transaction, transfer and storage of funds just as the banking systems offer. Users forming part of the HubrisOne ecosystem can now own personal accounts for savings, college funding, payment of bills etc.
4. Utilizing the Stellar Blockchain for transfer of funds internationally. With the help of the Stellar Blockchain technology, international funds transfer can be made instantly without having to wait for days to receive them. HubrisOne intends to utilize two Blockchains, making it a cross-chain cryptocurrency. The ERC20 Ethereum Blockchain will be used for the ICO and a utility to gain access to HubrisOne features whereas the Stellar Blockchain will be used for the transfer of instant funds internationally.

Visit these relevant links for further information about HubrisOne and its ICO.
Website = https://www.hubrisone.com/
Telegram= https://t.me/hubrisonebounty
ANN Thread= https://bitcointalk.org/index.php?topic=5039930.0
Bounty Thread= https://bitcointalk.org/index.php?topic=5091901.msg48998250#msg48998250

Article by(Forum handle): BennyK
Profile link: https://bitcointalk.org/index.php?action=profile;u=1551528