ENTRY: INTRODUCING BLOCKCHAIN BANKING

THE BANKS TODAY

Banks have been in dominance in the global financial system. For decades, banks have succeeded in creating a pathway for effective transactions. There was growing discontentment in the system because of high fees attributed to it. The platform literally met its waterloo during the global financial crisis of 2008. The period was the most crucial towards banks’ survival.
Though the world economy picked up late 2009, there were already indications that traditional financial institutions cannot mitigate risks. In the light of this development, people sought for alternate means of transaction. Solace was soon found.
Within the period of the crisis, technological improvements attributed to relatively unknown Satoshi Nakamoto opened the floodgates to fiat disruption. Though many had envisaged its fall, the blockchain still waxed stronger as months went by. By 2010, it was crystal clear that there was no stop to the technology.
Soon after it came on board, cryptocurrencies were created. Several years down the line, these assets are making waves in exchanges. With about $200 billion USD market value, one cannot help but appreciate immense tidings the blockchain has to offer.
Haven gained control of digital trades, these assets were hoped to disrupt all-known financial applications. Banks have been primary channels to trade. However, cryptocurrencies have performed better than fiat counterparts. Likewise, the blockchain is expected to achieve the same feat in banking. Whether this can be feasible remains topic for another day. But with the way the blockchain is evolving, there is a tendency of having banking activities on it.

THE PROBLEMS

A study has shown that the existing financial systems are weak and vulnerable in some aspects as a result of its centralized nature, thus limiting its growth.
Complex requirements in sending money across the world are one of the problems facing traditional financial systems as it leads to delay and the associated cost is high; in addition, transferring money for remittance isn't left out. Also, another challenge is the presence of Intermediaries which most times (if not all times) leads to high transaction charges. High exchange rates, counter-party risks and extensive paperwork are also some of the challenges.
Furthermore, the current business model in today's finance system adds no value to the business in question or the customers patronizing the business.

ENTRY AND BLOCKCHAIN TECHNOLOGY

If you have been wondering about the possibility of banking on the blockchain, I’m pleased to affirm its possibility. It would be recalled that cryptocurrencies were traded on the blockchain. Such trades are likened to traditional transactions conducted with fiat currencies.
ENTRY is a decentralized platform based on blockchain and powered by smart contracts, thus acting not only as a bank which offers deposits, payments and lending services, it also makes available ATM systems for easy and convenient withdrawal of assets. ENTRY also makes cross-border payments available as well as cryptocurrency exchange for businesses and consumers alike.
The issue of banking is, however, something many never anticipated. ENTRY has ready solutions to decentralized banking. First, the platform is looking at fostering real-life adoption of cryptocurrencies. In a related development, banking services will be decentralized just as most services offered by banks will be replicated.
From another view, ENTRY is literally making entries to areas the blockchain had not been applied. The platform removes intermediaries and in its stead, positions peer-to-peer transactions among concerned parties. In the future, there will be a push to adopt the platform in European Union countries. ENTRY is also looking at implementing digital currencies in reality.

WHY ENTRY IS UNIQUE

ENTRY aims to promote the wide adoption of cryptocurrencies into real-world applications thus creating "crypto-finance" for all and sundry.
By utilizing blockchain technology ENTRY will be able to record all transactions in a transparent manner and promote the use of cryptocurrencies for day-to-day transactions. Furthermore, ENTRY aims to create a simple and easily accessible platform where the traditional methods of banking will be disrupted; in addition, in order to provide users with a new experience in banking, ENTRY created a suite of products and services which will ensure users are accommodated in its platform.

FUNCTIONALITY

ENTRY does not function alone. With backing from six approaches (suite of products and services), the platform hopes to facilitate the adoption of digital assets. Entry.Exchange business model fosters a peer-to-peer exchange of cryptocurrencies in a fast, secure and user-friendly way. On its part, Entry.Money functions as a payment gateway that harmonizes fiat and crypto transactions.
Entry.Cash will facilitate withdrawal of digital funds and the token will be used as a medium of value exchange on the ecosystem. Moving forward, ENTRY also created the Entry.Network which is an open-sourced platform that uses smart contracts, APIs and wallets. The network patterned after traditional APIs will allow development of financial services on its platform. Also, with Entry.Bank leveraging blockchain technology, fast and unrestricted payments can be carried out irrespective of the location.

IT CAN ONLY BE ENTRY BLOCKCHAIN PLATFORM

1. ENTRY being a blockchain-based platform aims to disrupt the current banking services by creating a real financial economy which will be anchored by cryptocurrencies.
2. Also, ENTRY utilizes AI so as to create a multi-utility financial platform which will allow people to transact with crypto as well as fiat in everyday transactions, thus being a global bank needed in the world today.
3. ENTRY was built solid so as to accommodate the utility of different cryptocurrencies and also making it possible for those who wish to transact the crypto asset to fiat. With its suite of products and services, the financial well-being of all crypto investors will have a great and positive turnaround.

TOKEN DISTRIBUTION AND TOKEN SALES INFORMATION

Crowd-Sales: 55%
Secondary Coin Offering: 17%
Team: 20%
Bounty: 3%
Advisors: 5%
Ticker: ENTRY
Platform: ENTRY
Type: Utility Token
Standard: ERC 20
Total Supply: 590 million
Soft Cap: $25 million USD
Hard Cap: $325 million USD
Price: 1 ENTRY= 0.15 EUR
Accepted: DASH, ETH, LTC, EUR, USD, BTC, BCH
Country: United Kingdom
Restricted Areas: USA

BLOCKCHAIN BANKING IS POSSIBLE

For the school of thought that had looked forward to declining of the blockchain, recent developments have proved them wrong. If you have traded on cryptocurrency exchanges or participated in ICOs etc, you wouldn’t pay heed to dissent views on blockchain banking.
ENTRY’s coming has finally put a nail to the head on persistent arguments against the potentiality of trading on the blockchain. The platform is unified in terms of bringing the much-needed solution to blockchain banking. There is also provision for asset withdrawal in addition to harmonizing trades.
By leveraging the decentralized nature or feature of blockchain technology, ENTRY will be a reliable, transparent and trustworthy banking platform where users will be able to transact without fear of misappropriation of funds etc. With smart contracts, Intermediaries will be removed, thus leading to a banking platform where transactions are carried out at a lower rate.

TEAM

PARTNERS

IMPORTANT LINKS

Telegram Group: https://t.me/Entry_Official

Twitter: https://twitter.com/EntryMoneyICO

Facebook: https://www.facebook.com/entrymoney/

Medium: https://medium.com/@entry

LinkedIn: https://www.linkedin.com/company/entry-money/

Website: https://entry.money

Whitepaper: https://entry.money/ENTRY_Whitepaper_v1.pdf

Author's Bitcointalk Username: Flezy

Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485