What Is MyCryptoBank?
MyCryptoBank — is an online bank allowing any client registered in the electronic bank system to make a full range of bank operations, additional operations with cryptocurrency (payment processing, debit cards, credits and cheap investment products, use of crypto assets as credit security and many others) based on Blockchain technology without visit of department. So, MyCryptoBank provides services of client’s remote access to accounts, products and bank services in order to make banking operations.
MyCryptoBank offers its clients a multi functional platform of banking service, which represents a hybrid system combining digital and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity. One account combination allows clients simultaneously using advantages of both types of currencies.
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MyCryptoBank is intended to solve this problem. It will become the first bank for cryptocommunity, allowing clients to receive and send funds in cryptocurrencies and fiat money and also exchange between cryptocurrencies and fiat money inside the bank. With MyCryptoBank it will be possible to create deposits, receive loans and credits. The bank will create an infrastructure which will allow setting acquiring and merchants for goods payment for companies and online services. Clients will be able to receive bank cards and with the help of it they will take available funds through any ATM in the world and also pay in shops, restaurants etc. For client convenience, the bank plans to install ATM and crypto ATM, assisting in making operations on cryptocurrency purchase and cash receipt with minimum fees. In the usual sense, it will be typical bank with the whole range of services but loyal to cryptocurrencies and cryptocommunity. It will give an undeniable advantage over other financial institutions, attract many clients and their funds for creation of bank’s positive liquidity and allow supporting and developing all products of MyCryptoBank.
As already mentioned, financial technologies have already moved from hype phase and innovative and new stream status to main stream and absorbed the most part of the economically active population in developed countries. The most part of millenials hardly distinguish FinTech from simple term of finances. Banking, online purchases, trading and other financial operations have been closely associated with internet technologies use.
Curiously enough, FinTech found (p.7) its widest expansion both on user quantity and population share in developing markets: China (69% of population use FinTech-products), India (52%) and Brazil (40%). Calculating above mentioned figures, Ernst & Young analyzed all age and social categories of users. However, it’s obvious that percents will be significantly higher if you narrow the survey group to more young people and the economically active population.
Comparison of the top five markets with the highest FinTech category
MyCryptoBank will represent a typical bank with the whole range of services but loyal to cryptocurrency and the crypto community.
In other words, MyCryptoBank — is an online bank allowing any client performing a full range of bank operations, added by operations with crypto currencies such as: payment processing, debit cards, credits and cheap investment products. It’s also possible to use crypto assets as credit security. All these services will be available for clients without any bank office visits.
So, MyCryptoBank provides services of client’s remote access to accounts, products and bank services and allows performing all bank operations. MyCryptoBank offers its clients a multifunctional platform of banking service, which represents a hybrid system combining digital including cryptographic and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity. One account combination allows clients simultaneously using advantages of both types of currencies.
MyCryptoBank will become a fully digital bank, accessible all over the world and at any moment. It will conduct all functions of a typical bank but without any bank departments and front-offices maximum relying on new digital technologies. This will allow MyCryptoBank to become one of the most inexpensive banks in the world with a very profitable level of cost-to-profit ratio.
Main service, available for all clients of MyCryptoBank:
- Online Banking
- ATM infrastructure
- Forex Trading
- Money Transfer
- Virtual Cards
- Debit Cards
- Loans and P2P Loans
- Crypto Acquiring
- Consulting Services
Problem & Soluation
CRYPTO COMMUNITY DOESN’T HAVE STABLE ACCESS TO REGULAR BANKING SERVICES. MANY OF THOSE WHO DEAL WITH CRYPTO ARE GETTING BLOCKED BY BANKS AND FINANCIAL INSTITUTIONS.
CREATING CRYPTOBANK LOYAL TO CRYPTO COMMUNITY AND SERVICES RELATED TO CRYPTO CURRENCIES AND BLOCKCHAIN TECHNOLOGY.
MyCryptoBank is friendly to all fiat and cryptocurrencies. It is possible to store, to pay in cryptocurrencies, to conduct transfers and to take loans.
Subject to loan default, frozen МСВ tokens of the borrower can be used for partial or full settlement of his debt.
Price: 1 MCB 0.2 s / d 0.48 USD
Tokens for sale: 517,000,000
Minimum investment: 50 USD
Accepting: ETH, BTC, EOS, LTC, USD, BCH
Distributed in ICO: 65%
Soft cap: 3,000,000 USD
Hard cap: 100,000,000 USD
MCB TOKEN DISTRIBUTION
- 65%-Distributed among the ICO participants.
- 10%-Kept for the project team.
- 3%-Allocated for development of the Bounty campaign.
- 7%-Distributed among partners and experts.
- 15%-Reserve fund.
DISTRIBUTION OF THE ICO FUNDS
- 30%-Development and Integration
of Blockchain Platform
- 20%-Marketing and Partner Network Development
- 20%-Obtaining banking licensesand maintaining the bank liquidity
- 10%-Development of crypto ATM network with fingerprint identification and face recognition function
- 10%-Development of innovative products
- 10%-Infrastructure development
MyCryptoBank’s net profit will be distributed across dedicated funds that enables the major part of the profit to remain within the business ecosystem thus functioning as a funding source for further project development. Considering that we refuse from paying out any dividends for at least the first five years of project implementation, we can therefore keep our profit within MyCryptoBank thus fueling our financial system with extra money. This will allow us to stay ahead of competition and maximize ROI.
Profit distribution by fund, $:
1. Each new connected service will be accessible in priority order for token owners with higher status;
2. The higher the status, the lower the transaction fee for exchange of crypto currencies and trading;
3. Issue and service of cards will be done in extended scope;
4. Platinum status holders will have special limited issued payment cards and payment rings;
5. Special credit conditions.
The driving factor for token price increase is the demand for bank services. Together with the increase of functionality and enlargement of the MyCryptoBank system, the number of service users will grow as well. Due to the restricted number of tokens, increase of user counts will result in an increase of the token price. To keep token liquidity and development of the ecosystem at the expense of new partnerships establishment, there is a stipulated development fund in the amount of 15% of the total tokens issued. This fund will be used for payments to partners
and clients, being active users of MyCryptoBank ecosystem and its banking products. Use of the fund tokens will promote development of MyCryptoBank crypto ATM chains worldwide, fund tokens will be paid as cashback to the status holders, making extensive use of banking services.
FOLLOW MyCryptoBank (MCB) On Social Media
Mycryptobank is a crypto bank for crypto community. The popularity of digital banking in the world does not slow down. Comfort, speed and safety — are not only additional advantages for users, they are standard requirements in modern relations “client-bank”.
Now, in the sphere of FinTech there are a lot of blockchain-startups, an idea of cryptobank is investigated many times by different teams, some of them have already performed their own ICOs. At the same time, its creation attempts always become unrealized up to the end, we may declare that now, no one crypto-business fully functions in the world.
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