Wednesday, August 1, 2018

MYCRYPTOBANK IS ONLINE BANK


MyCryptoBank is an online bank that enables every client enrolled in an electronic bank system to make various bank operations, additional operations with cryptocurrency (processing of payments, debit cards, credit and cheap investment products, use of cryptoassets as credit security and many others) based on Blockchain technology without a visit department. So, MyCryptoBank provides the client remote access service to the bank accounts, products, and services to create banking operations.
offers its clients a multifunctional banking services platform, representing a hybrid system that combines traditional and digital currencies. The use of digital currency makes operations faster and cheaper, while traditional currencies guarantee acceptance and validity of all practical. One combination of accounts allows clients to simultaneously use the advantages of both currencies.

Why MyCryptoBank?

In the FinTech field there are many blockchain-startup, cryptobank ideas are investigated repeatedly by different teams, some of them have their own ICO.
At the same time, the creation effort has always been unrealized to the end, we can argue that now, there is no single complete crypto-business function in the world.
The lion's share of these projects fails at the acceptance stage of bank licenses to work with cryptocurrency in the Euro zone and the United States - the choice of these countries is conditioned by the desire to demonstrate its reliability before the client. However, the local regulator does not give any license to the bank to work with cryptocurrency.
We comply with the rules in MyCryptoBank and in contrast to the lion's share of competitors, we share the process of receiving bank licenses and licenses to work with cryptocurrency which takes us legally to work both with banknotes and cryptocurrency.

Comparing MyCryptoBank with other cryptobank:



Ecosystem MyCryptoBank

  • Wallet (cryptobank phone)
  • Bank cards and Payment Rings
  • The exchange of cryptocurrency / cryptocurrency, cryptocurrency / fiat
  • Transfer money worldwide
  • Financing and P2P loans
  • Cryptocurrency obtains
  • Crypto-ATM and cryptomachines
  • Deposit percent
  • Forex Trading
  • Legal consultations and services, including taxes
    Wallet (cryptobank phone)


    This is a mobile app, representing a set of payment services for its clients. Services include the payment card virtual emissions system. Until this bank receives a license, this service will be done with the participation of a bank partner but soon, MyCryptoBank will be able to issue the card independently.

    Bank Cards

    To create a cryptocurrency transaction in the payment system payment network will be issued virtual card Visa, Mastercard and UnionPay and Apple Pay cellular services, Samsung Pay or Android Pay will also be interested. This allows paying not only through standard POS-terminals with PayPass, PayWave, support and QuickPass sites, accepts bank cards for payment but also withdrawals or cash deposits via ATMs, working with paypass payments.

    Payment Rings


    MyCryptoBank also plans to issue a payment ring - paypass analog card, integrated in the bank's payment system and allows to make payments similar to bank cards. Miniature chips (NFC modules) are integrated in a ring like in a paypass bank card. To make a payment, it is enough to bring the ring to the payment terminal and the required amount will be waived.

    Digital Multi-card

    Digital Multi-card is a full replacement for a typical wallet. This allows attaching multiple cards: debit, credit, discount, gift card or even fitness club card etc. In other words, any card can be tied with a BAR or EMV-chip code.

    MyCryptoBank Token (MCB)


    MCB TOKEN is a central element of the MyCryptoBank segment, integrating all components of the financial ecosystem. All ecosystem tokens will be issued in the course of the ICO, without the possibility of additional emissions after the ICO's completion.

    ICO

    Platform token MCB

    Possibility to create smart contracts and decentralized apps (DAPP): MCB tokens are smart contracts, used in various bank applications. Each application is decentralized, consisting of 2 basic parts - smart contract and user interface (UI), simplifying communication procedures between users and contracts.
    Scalability: The client base of multiple banks contains millions of users, requiring a possible rapid scale

    Transaction costs: If the client is required to pay additional network blockchain fees, it will reorganize the bank's development and growth of the client database. Thus, a blockchain platform with virtually zero transaction costs should be selected for implementation.
    Contract toughness and smart apps (DAPPS):
    Bank products and software must keep up with the times and continue to evolve, requiring software updates and security patches that may be possible without hard fork.

    Parallel assignment
    Many bank applications make large calculations, so parallel computing is required to speed up applications.

    Transaction confirmation time
    The minimum time for transactions to get confirmation in sufficient quantities and become irreversible.

    Interoperability with different blockchain architectures
    Possible interoperability with different blockchain assets - an important feature, required for the configuration of banking solutions, supports multicurrency services.

    MCB tokens are issued on the EOS platform, which is currently the only platform, corresponding to all the listed criteria. EOS is based on the consensus of the DPOS (Delegated Proof Of Stake) algorithm and the modification of Byzantine fault tolerance. The current consensus algorithm ensures low transaction costs, high application execution speed and has proven to be reliable in networks such as Bitshares and Steem. In addition, EOS supports the possibility of internetwork communications (Inter Blockchain Communication), facilitating the development of multicurrency banking applications.

    Distribution token


    • 65% Distributed among ICO participants
    • 10% Saved for the project team
    • 3% Allocated for Bounty campaign development
    • 7% Distributed among partners and experts
    • 15% Reserve fund


    • 30% Development and Integration Blockchain Platform
    • 20% Partner Network Marketing and Development
    • 20% Obtain a banking license and maintain bank liquidity
    • 10% Development of crypto ATM network with fingerprint identification and face recognition function
    • 10% Innovative product development
    • 10% Infrastructure development

    During ICO MyCryptoBank token MCB will be issued. The basic token price will yield 0.2 USD dollars. All ecosystem tokens will be issued in ICO for a maximum of 795.5 million MCBs.
    Upon completion of ICO, MyCryptoBank token (MCB) will be used in the internal ecosystem.
    Stability tokens МСВ along with progressive project development in making it attractive not only to gain investor status privileges, but as an investment tool as well.
    Investments will be made through the allocated platform, ensuring transparency of the entire investment process: real-time asset and token sold-offs.

    Please visit the following links, for the project:

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