CryptoBank: Decentralizing The Global Payment System!

in #cryptocurrency6 years ago

In the world today, it is noticed that there are huge numbers of different assets that people may use free to keep its value. There are now values of the traditional environment, or investment. These days, there are blockchain and cryptocurrencies that are the best solution for management, storage and accounting of assets. Few years ago, Cryptocurrency was as an electronic payment system based on cryptographic proof and it allows any two persons to interact directly with each other without using a trusted third party, and instead entrust their money into a central authority. The first cryptocurrency or digital currency to be created was Bitcoin (BTC). Through the introduction of Bitcoin which was invented by Satoshi Nakamoto, has given life to the financial sector through technology introduced to the world, and which have been widely used and studied.

With these new developments on cryptocurrencies, some of the advantages such as low transaction costs, international payments, wide distribution and easy conversion, asset ownership and exchange, pseudoanonymity, transactions transparency in real-time are now immune to the problems that often occur in the traditional banking system. Although, there are some reasons why the use of cryptocurrency may create an inconvenience in the possession of non-technical users.

CryptoBank is a decentralized global payment system that is based on blockchain technology. It is a platform that offers solution to all problems that relates to cryptocurrency volatility. Cryptobank uses a simple but effective approach to the confirmation of reserves, which significantly reduces counterparty risk as the custodian of reserve assets. The issuance of CryptoBank tokens are limited, but its volume is enough to avoid deficiency, while the release of the coins will strictly relate to pricing or liquidity. Users can buy or sell as many coins as they want, rapidly and with low commissions. It is a Centralized cryptocurrency exchange.

СryptoBank Coins is a stable cryptocurrency which has no volatility and every coin can be issued only after the ratio of its support will be one-to-one corresponding fiat currency(i.e. 1 CBD - 1 USD, 1 EUR CBE -1, 1 CBR -1 RUR 1 CBY - CNY), i.e. corresponding to a fixed currency unit held and diversifiable in various cryptocurrencies CryptoBank. These types of coins have individual blockchains which store CryptoBank coins.

Traders, exchanges and wallet services can integrate CryptoBank Coins as easily as Bitcoin.
As blockchain technology is used in this mechanism, all CryptoBank transactions will be available to everyone for auditing, thereby proving reserves and CryptoBank coin circulated and supported by volatile cryptocurrencies and fiat in reserve accounts for supporting and securing CryptoBank reserves and other methods of audit and protection to prove that the issued tokens are fully protected and reserved.

CryptoBank is an altcoin that is based on bitcoin, which is not regulated by central authorities or other laws. Therefore, it is exactly the same, anonymous cryptocurrency that has essential differences such as non-volatility and multicurrency with reference to the world's fiat currencies. It would include: СryptoYuan, СryptoDollar, СryptoEuro, СryptoRuble!
For More Information About CryptoBank, Please visit the following:

WEBSITE: https://cryptobank.co/
WHITEPAPER: https://cryptobank.co/papers/cryptobank_whitepaper.pdf
FACEBOOK: https://www.facebook.com/CryptoBank.co/
TWITTER: https://twitter.com/CryptoBank_CO
TELEGRAM: https://https//t.me/joinchat/GS4GVE7x8LMUj0lxDH72dw

My Bitcoin Talk Profile: https://Bitcointalk.Org/Index.Php?Action=Profile;U=1759573
Written By fireman2001

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Indeed cryptocurrency volatibility is an issue that also impacts the widespread adoption of these currencies. Limited CryptoBank tokens is a brilliant idea to control the vaporization of the CryptoBank coins. Similar to CryptoBank, at Blockbasis we emphasize on security and transparency for cryptocurrency exchanges. We pledge to protect users and transaction information when sending and receiving cryptocurrency via email, for which we based our services on the Graphene blockchain using BitShares. Any cryptocurrency owners can now send and receive BTC, ETH and LTC via email when signed up on Blockbasis.

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