A Cutting-Edge Cryptobank Ecosystem has Delivered by Baanx

Traditional Banks and Financial Institutions, with slow, inflexible, and expense to operate and maintain infrastructures, are now being threatened by Fintechs. Changes in customer expectations with a focus on speed of transactions, lower costs, and a higher level of personalization are increasingly becoming the norm. Baanx is accelerating both the adoption of Fintechs and the adoption of crypto by making it easy and secure for Fintechs and individuals to use across the world in many more use cases.
As more people own and use blockchain and cryptocurrencies, the more they would like to transact, operate, purchase, pay, save, lend, borrow and invest using their digital currencies in their everyday lives. Traditional banking transactions are slow, expensive for business and individuals and Baanx solves these problems, by providing a secure blockchain enabled financial network.

Baanx’s vision:

• World’s 1st Cryptobank network, enabling rapid adoption of crypto banking services during a once in a generation business opportunity.
• Baanx is delivering a cutting-edge Cryptobank ecosystem users want — where ultimately users can become owners.

Baanx Target

• Baanx intends to be not just the World’s 1st Cryptobank network sharing bank licenses, but they are in a race to be the world’s 1st Cryptobank as none exist currently.
• The market opportunity is huge and it is important that we grow key services you would expect from a traditional bank, yet do this better and with the addition of Cryptocurrency functionality.

Why Banks will not be early adopters

Most of the world’s banking system is based on older technology- mainframe computers, massive central databases, and slow antiquated systems. They are increasingly difficult to maintain, update, and they are, for the most part, incapable of being adapted for the mobile crypto and blockchain / distributed ledger future. This level of complication, multiple systems that don’t talk to each other, and slow antiquated systems and infrastructure mean banks will not be early adopters and support new technology.

Baanx Multi-Exchange Services

Baanx, via Baanx OpenAPI platform will have a single Baanx user interface to access multiple exchanges for user convenience. Their aim is to partner with exchanges that offer:

• Super-fast transaction speeds even with enormous volumes.
• Low Fees (0 Fees for BAANX BXX) and very low spread to ensure customers have the best experience.
• Integrated liquidity across all brand releases by partnering with existing exchanges. Agreements in place to create liquidity from day 1.
• Protection from both external and internal theft exceptionally high, full cryptocurrency insurance will be offered against hacking and non-fault theft as with our wallets — giving us a key edge in all operations globally.

Baanx Introduces its Highly secure wallet

• Insured Crypto-balance, just like Traditional Banks using Fiat currencies, you are covered against theft, hacking and non-fault events — peace of mind in the Blockchain Era is now here for the first time.
• Secure integration and mobile app encryption links to both Public and Private Cryptocurrency Blockchains to ensure the most secure mobile wallet in the marketplace.
• Clear, easy to use mobile application, with full integration into Crypto-Pay and Exchange functionality with simple, clear balance information and easy send/receive elements.
• Cryptocurrency is safe for the first time with Baanx security experts and guarantees.

Baanx Tokens (BXX)

The BAANX BXX utility token is a key component of the Baanx system. The token is fuel for the entire network ecosystem and is part of the governance as well. The BXX Token is used in payments, transfers, exchange functionality and later for all lending and investment uses too.

Baanx Team Experiences

The Founders & Team have over 100+ yr. of banking & fintech experience — with successful exits. They have held senior technical, Management and related positions at JP Morgan, NatWest, Union Bank of Switzerland, MasterCard, and London Stock Exchange, amongst others.
At Gemalto, they launched one of the first mobile emoney wallet in Korea with MasterCard, Korean and Japanese banks.

Conclusion

Baanx.com is designed as both a Group of Direct to market brands (some already operating) and a Decentralised Open Ownership Cryptobank and Crypto-Financial Services structure to allow the fastest growth in the Blockchain era. This means the Baanx OpenAPI is an open platform concept where other Cryptobank entrants can join Baanx platform, share their licenses and easily launch their own licensed Crypto products to their customer following quickly. By partnering with Baanx.com — hundreds of businesses will be saving huge time and money in setting up Crypto-Financial Services operations tailored to their own needs — with all operating with the BAANX token.

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