MyCryptoBank - Online Bank that Provides Banking Access Services Based on Blockchain Technology

Oktober 06, 2018

Introduction
The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is MyCryptoBank, an online bank allowing any client performing a full range of bank operations, added by operations with cryptocurrencies such as: payment processing, debit cards, credits and cheap investment products.

What is MyCryptoBank (MCB) ?
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 cryptoassets 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 multifunctional 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.

MyCryptoBank - is an online bank that enables every client registered in the electronic bank system to perform various banking operations, additional operations with CryptoCurrency (payment processing, debit cards, credit and investment services, CryptoCurrency asset usage as credit security and many others) based on technology BlockChain without banking intervention. Thus, MyCryptoBank provides the client remote access service to bank accounts, products, and services for banking transactions. MyCryptoBank 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.

MyCryptoBank offers its clients a multifunctional 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.

MyCryptoBank will become a fully digital bank, accessible all over the world and at any moment.It will make 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 very profitable level of cost-to-profit ratio.

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.

Ecosystem

Wallet (mobile cryptobank)

This is a mobile application, representing a set of payment services for its clients. Services include emission of virtual cards of payment systems. Until this bank receives a license this service will be performed with the participation of bank-partners but soon, MyCryptoBank will be able to issue cards independently.

Bank Cards and Payment Rings