The ABLE project goals to apply decentralized blockchain technology to financial and wealth management features.

The ABLE project would create a platform that enables cryptocurrency based financial activities to center around the ABLE account, emanating from the fact that banking activities are carried out primarily through bank accounts. Users request deposit and loan interest rates through a matching system, eliminating the lending-deposit spread by directly connecting users on a peer-to-peer basis. The ABLE project supports decentralized cryptocurrency and provides decentralized exchanges wealth management services through smart contracts. In the future the project aims to evolve into the ABLE Ecosystem through its integration with external systems, including simple payments.

The ABLE project has been proposed to provide an alternative to banks’ conventional lending- deposit spread structure, and to solve problems with initial cryptocurrency banking services.

• Banks have a business model based on a lending-deposit spread (i.e., the difference between lending and deposit interest rates), in which the bank acts as an intermediary between depositors and borrowers. This structure allows banks to receive deposits at low interest rates and lend money at high rates, profiting from the difference.

• Existing cryptocurrency-based banking services are provided through a centralized structure. The combination of unsustainably high interest rates and centralized services renders banks directly vulnerable to managers’ moral hazard and the hacking of central servers. The lack of integrated solutions in the crypto market withholds users from experiencing diverse banking services.
  
  To find more relevant details of the KryptoPal project please follow some resources for the following references:
  https://www.able-project.io/en/index.php?lang=en
  https://t.me/ABLE_Project_EN
  https://www.facebook.com/ablecoinproject/
  https://twitter.com/Ablecoinproject

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