ABLE - Bringing Revolution In Financial Services With Blockchain Technology

mike949 (35)in #cryptocurrency • 6 years ago

There’s no doubt that Banking system has given an extra dimension to our business market. From the beginning of Banks, A large number of businesses are done with Banks. Banks work as a great intermediary by taking money as invest from one and by passing it another as a loan.
Also, Within the passes of time, cryptocurrency financial services has been using for some years instead of traditional Banking services.
But there are still some major problems in both traditional Banking service and cryptocurrency financial services. Today I'm going to talk about ABLE project which aims to solve problems of our traditional Banking service and cryptocurrency financial services.

Introduction to ABLE Project

The ABLE project aims to create a platform to make a revolutionary change in the traditional Banking system as well as a great change in nontransparent cryptocurrency financial service.
The ABLE project has the solution to major problems for the traditional lending-depositing Banking system. It has also a fixation of the nontransparent centralized cryptocurrency financial services with the Blockchain Technology.

ABLE Project will create cryptocurrency financial platform where users will get loans with lower interest. It will be a decentralized peer to peer system where there would be no intermediate like the traditional crypto financial services.
ABLE financial services will be carried by ABLE account. Through the ABLE account, Users will propose an interest rate for a debt or deposit, The ABLE matching system will then work for the users eliminating the lengthy loaning-depositing system, connecting users with a peer to peer system with their proposed interest rates.

Current problems of Our traditional Banking Services And Cryptocurrency Financial Services:

Both in the traditional Banking system and in the cryptocurrency financial services, there is some major problem. problems of these two are listed below:

Problems in the Traditional Banking Services: In the current Banking system, the Bank works as an intermediary in between the depositors and borrowers. It has a deposit-lending business model. Here, Investor invests their money through their Bank account with a low interest and Then Bank lends it to other account holders as a debt with high interest. Even though the lender pays a high rate of interest but the depositor gets a lower amount. In this business model, Bank is getting profit.

Problems in the Cryptocurrency Financial Service: In the existing cryptocurrency financial services, there are unsustainABLE high-interest rates which are the most importantly the main problem. On the other hand, Most of the cryptocurrency services offer the centralized financial system where security is quite vulnerable and there’s always a risk of being hacked as it happened yet.

Solution to the Current Problems by ABLE project :
The ABLE project aims to solve the problems of both of our traditional Banking systems and the cryptocurrency financial services. Here are the solutions:

Solutions for the Traditional Banking Services: ABLE project offers a peer-to-peer Banking system where ABLE account holders will propose an interest rates, By the ABLE matching system with ABLE will connect with another account holder and Both account holders can borrow or deposit with their proposed interest rate without any intermediary like the traditional Banking system. As it would be done with a peer-to-peer system by the Blockchain Technology, Both the depositor or borrower will be benefited.

Solutions for the Cryptocurrency Financial Services: The ABLE project offers a decentralized system where there will be higher security and ABLE account holders will be out of hacking risk. Unlike the existing crypto services, ABLE offers a users proposal interest rates where other provides high-interest rates. Also, ABLE provides a decentralized system where there is a strong security.

Why Do You Need ABLE Project?

More Advantages By ABLE Project

1.Investing-Lending Machine Engine and Smart contract
2.Investing-Lending Machine Engine-Products
3.Investing-Lending Machine Engine-Business Model
4.Credit Assessment
5.Credit loan based on smart contact for salary payment
6.Salary Payment Smart Contract
7.Account based ICO smart contract

Structure of ABLE Ecosystem:

ABLE Project Business Model:

ABLE Currency :

ABLE will release two type of currencies:
1.ABLE Dollar: ABLE will release ABLE Dollar. It will be using to pay ABLE interest rates. Total supply of ABLE Dollar will be 1 Billion ABLE Dollar.
2.ABLE Coin: ABLE will also release ABLE Coin which will be using as service charges in ABLE platform. Total supply of ABLE coin will be 25 billion ABLE Coin.

ABLE ICO:

ABLE Team:

ABLE Advisor Panel :

Conclusion:

Finally, I want to say that the vision of ABLE to bring a revolutionary in traditional Banking and cryptocurrency financial system is really appreciABLE. They are ahead to make the revolution solving the problems of the traditional Banking and financial services. ABLE also takes Blockchain Technology to an extra level