Forty Seven Bank : The Bank That Will Connect The World Financial Between Fiat Money Economy And The Economics Of Cryptocurrency

Introduction

Today there are so many different types of digital payment methods that are centralized like PayPal, Payeer, Webmoney, Neteller and others, and there are also many digital payment options of decentralized cryptocurrency types. So there are many options payment method can cause difficulties when the user must transact goods and services with different account or different wallet. For example, businessmen who use paypal payment method can not accept payment in the form of cryptocurrency, because the bank and paypal are not familiar with cryptocurrency, so this makes it difficult for people who want to transact for business purposes because of differences in payment method. As we know paypal and cryptocurrency users are now very much around the world so when they make payment transactions each other will have difficulty, difficulty when making payments to fellow individual businessmen as well as to payments to the company. And therefore a project called Forty Seven Bank wants to provide financial services where they have a goal to connect the financial world by linking the fiat money economy with the cryptocurrency economy. Forty Seven Bank is also currently holding ICO to support its project objectives. Take a further review from Forty Seven Bank below.

What is Forty Seven Bank?
Forty Seven Bank is Modern Universal Bank that will connect fiat money economy with economy of cryptocurrency, Forty Seven Bank will eliminate gap to economy of cryptocurrency that happened during this time, that is gap over cryptocurrency which often used as money laundry activity by using regulation fiat currency economy. By linking the fiat money economy with cryptocurrency in this way, the company aims to provide a way for individuals, businesses, developers / developers, and investors to use and change their money more easily and build communication between the two different financial services that have the potential to bringing the economy to a higher level.
Forty Seven Bank will create an open application platform for developers / developers of financial technology. This project provides an opportunity for developers / developers with small or medium capital to create white label applications for the rapidly growing fintech sector. also provide unique products for business. They offer a new technological revolution by introducing smart contracts to banking services. The types of Forty Seven Bank services for business people are the management of multi bank accounts, invoices, biometric POS terminals, ICO escrows, fiat payments or cryptocurrency and more.

How does Forty Seven Bank work?
Forty Seven Bank provides services for businesses, individuals, developers / developers, investors / traders and government financial institutions. Verified individuals can receive fast and secure banking services and use biometric security. As soon as biometrics has been set up and verified with the bank, we have access to some banking services including IBAN, access to secure purses and quotas of crypto, credit and debit cards, travel insurance or personal insurance, loans, money management such as invoice investment and brokerage services. The technologies behind Forty Seven Bank's products and services include blockchain, smart contract, Apis, Biometrics and machine learning technologies in internal procedures.
Forty Seven Bank works like any other regular bank, but they have other features that will provide many benefits to fiat money economy and cryptocurrency economics. These features will be available and linked to Forty Seven Bank cards such as remote authorization and identification to secure their client's investments, transactions and withdrawals in any kind of cryptocurrency and all other types of products with the help of a convenient and well-designed user interface. The politicians will also get special services such as mass payments for the marketplace, escrow services in a safe way to receive good money if they want to receive cryptocurrency or with fiat money. Forty Seven Bank also intends to have development tools available to developers / developers who want to develop a company-based service structure. And just like merchants can also use service from Forty Seven Bank so they can receive cryptocurrency safely and easily in transacting with buyers / buyers. 

FORTY SEVEN MISION

 

The mission of Forty Seven Bank and management team is to provide safe, innovative and user-friendly financial services and products to our customers individuals, businesses, developers, traders, financial and governmental institutions. Forty Seven Bank is a bridge capable of connecting two financial worlds and establishing efficient communication between them, a communication that will open up possibilities to level up the whole modern financial system.

FORTY SEVEN VISION

 

Forty Seven believe that after PSD2 directive comes into force in the beginning of 2018, the future of EU financial sector will change significantly. Forty Seven Bank system will be developed in accordance to upcoming regulatory framework from the early stages it will give Forty Seven Bank competitive advantage in terms of time and costs. This is a significantly beneficial aspect prior to the traditional banking which has to impose reorganisational procedures in order to meet new standards.

When Is the ICO?

At the time of this writing, the ICO is already in the second round. The first round took place from Nov. 16 to Dec. 16, 2017. The current second round began Dec. 17, 2017, and will go until Feb. 28, 2018. The final, third round of the ICO will be throughout March.
The rate at the time of this writing, including the current bonus, is 1 FSBT for 0.00393 ETH. Keep in mind that the current round two bonus is 20 percent. It was 30 percent during the first round and will be 10 percent in the third round. The tokens can be purchased with ETH, BTC, EUR, or USD.

Details of ICO Forty Seven Bank

Currently ICO Forty Seven Bank is live / took place and they successfully raked in funds with terlewatinya softcap target.

• ICO START: ICO is in progress and will end until 31st March 2018.

• TOKEN NAME: Forty Seven Bank

• SYMBOL: FSBT

• TOKEN PRICE: 0.00393 ETH / Token

• PURCHASE: ETH, BTC, Visa / Mastercard.

• TYPE TOKEN: ERC20

• MINIMUM PURCHASE: No Minimum

• Bonus: Up to 30%

Roadmap

  

Who is the team and founder of Forty Seven Bank?

The Forty Seven Bank team consists of several people who already have a lot of experience in the field of entrepreneur and a successful entrepreneur. They are Aleksandrs Malins as Chief Executive Officer, Igors Astapčiks as Chief Operational Officer, Vladimirs Tomko as Chief Marketing Officer, Mihails Skoblovs as Chief Financial Officer, and many other developtment and advisor teams. Everything that can be viewed on their website.

Conclusion

While several banks have appeared in the cryptocurrency world, few offer services like Forty Seven Bank. In fact, there are certain things, such as the Cryptobonds, that you will not find anywhere else. As such, Forty Seven offers a new direction for those who want to combine their investments in cryptocurrency with those in fiat currencies and invest both types of assets in a familiar manner. It should prove popular among those who still appreciate some elements of traditional banks and fiat currencies, such as investments and bonds, yet want to expand their portfolio to include cryptocurrency.

More information

Website

Whitepaper

Facebook

Twitter

Telegram

Bitcointalk Profile