Baanx offers secure, faster, better, cheaper full-service banking, payments, deposit, investment and lending services

The crypto and the traditional financial markets are quite segregated for a participant attempting to cross over or move their capital from one market to the other. The segregation is a result of large transaction costs, time and money. These costs sometimes lead to the eradication of profits, and in some cases lead to losses, which restricts investors from participating in the market.

Furthermore, Market participants are always searching for ways to diversify their funds, along with rebalancing them to reach an ideal allocation of assets that fits their risk appetite. Given the lack of connection between crypto and the traditional markets, participants are either unable to move funds between different markets in a reasonable timespan or are restricted by the costs associated to do so.
The current crossover mechanism is also inefficient in terms of availability and transparency as it is only available 5 days a week and execution can take from hours to days depending on different factors, such as liquidity, day of execution, time of execution throughout the day, type of order and size of trade.

Baanx Objectives

• The goal is to ensure that everyone has access to full-service cryptocurrency banking services they need in the years to come and delivered as quickly as possible, while encouraging worldwide adoption of crypto in personal and merchant services.
• Through our decentralised growth structure we can expect rapid adoption of Cryptobank services throughout the world.
• Utilising Blockchain technology and being a decentralised Crypto-Financial Services and Cryptobank Network, Baanx.com will be able to offer secure, faster, better, cheaper full-service banking, payments, deposit, investment and lending services, as well as better returns on savings.
• Baanx has started building a secure blockchain bank from the ground up, with a ‘mobile first’ approach, and offering the products and services from the best Fintechs from around the world, in order to take banking into the 21st century.

Partnership with Baanx will save Time and Money

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.

Baanx Consumer User Services

All BAANX Consumer User Services are integrated into Faster Payment Services for Fast Crypto- Fiat and Fiat-Crypto access by current banking system — CHAPS & FPS arrangements.
Baanx.com is growing cutting-edge services through the Baanx brand and CryptoFinance Network. Baanx.com has already developed key initial products and arranged licensing deals for many others, to ensure rapid scale-ability of the platform in Q3/Q4 2018, with key customer benefits listed below. CHAPS & FPS are UK & EU Banking standards for same day payments and have a service opportunity in place to increase the Crypto-Fiat and Fiat-Crypto funds access very fast.

• Lower costs of operation for Baanx than Traditional Banks mean cheaper Banking services for customers, more efficient and faster through key improvements.
• Savings passed on to end Customers
• Artificial Intelligence & Automation (Robo-advisors & intelligent systems in place).
• Private Blockchain based banking on a global scale is cheaper to run, easier to manage and better for customers.

Baanx Platform Features

• Hold Cryptocurrency hassle free, without fear of loss or theft. Baanx is the first insured Crypto Wallet enabling total protection for users and guaranteeing a users’ full balance.
• Cryptocurrency Secure Custody avoids the need for hard to remember and complicated private key access problems. We keep it simple and keep it safe. Using KYC we can get you back into your account if you lose access and allow institutional buyers to hold crypto positions securely.
• Fast Remittance — Breaking down payment barriers. Within Baanx accounts money transfers are virtually free, small charges in BAANX BXX tokens for worldwide movements of funds.
• Spend Cryptocurrency anywhere with very small fees in BAANX BXX Tokens (0.1–0.5%), Crypto transferred to Fiat at the point of sale to be used in any online or off-line merchant through your mobile.
• Access top multi-exchanges through our Exchange integration functionality with BAANX BXX Tokens. Ensure you are buying or selling Crypto at the best market prices available and with either no charges, or the smallest charges possible — all from our easy to use mobile application.
• Save Crypto with ease, whether you want to set a monthly amount, or are simply hodlin your coins you can ensure saving is simple, safe and ultimately will allow great interest rates.
• Future development is allowing sending Crypto & Fiat currency to other app users for free, using just their mobile number
• Future development allows opening your own Cryptofinance brand easily to promote to your loyal brand followers, access an easy to understand dashboard showing you how well it is going and growing.
• Future development is creating an Open API for a Fintech app marketplace, where 3rd party developers can deliver their applications easily and safely to a large number of Cryptofinance and ultimately Cryptobank brands to engage their users with their own apps.
• Ability to spend Crypto throughout the world using the Baanx App and all Cryptofinance and Cryptobank apps.
• Growth and Development of a full suite of Baanx banking services across Deposits, Lending and Investments as user levels and numbers of Cryptofinance brands and Cryptobanks expand in the network. We challenge global traditional banking with a Blockchain revolution.
• Ultimately we want to finish with a stand-alone full ecosystem where qualified users can become Cryptobank owners by sharing bank licenses for very fast launches. Releasing approved financial products to their customers and grow their own regulated Cryptobanks with all operations managed by automation and AI, but keeping customers safe with smart contracts. A revolutionary decentralised bank structure — where users can be owners.

Long-term white label cryptobank

• Identity, AML and Sanctions Checks for Cryptobank owner to ensure only “good actors” are able to operate
• Free start up access for chosen larger businesses and charities, small BAANX charge otherwise. Baanx AI operations for back-office ensure simplicity of management and delivery.
• Baanx.com Licensed activity, shared license service managed through the smart contract and automated platform
• No Customer information or specific customer data available to Cryptobank (dashboard of bank operations, profitability, revenue, customer uptake and aggregated activity provided).
• A full copy of Baanx.com Cryptobank operations — however with their own brand on the product delivered — perfect Cryptobank incubator and start up solution to reach trusting customer networks quickly and deliver rapid growth.

The Baanx.com Cryptobank owner is only expected to promote their Cryptobank brand and services to their customers. In return they receive a share of the profits made from each customer within their Cryptobank in the form of BXX Tokens — they can, as they grow, move their Cryptobank to more advanced services, Bespoke and Expert. Baanx.com still retains an interest and involvement in their Cryptobank operation.

Conclusion

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.

Project Details
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3052592.0
Website: https://baanx.com
Whitepaper: https://baanx.com/request-whitepaper
Telegram: https://t.me/Baanxcom01
Twitter: https://twitter.com/baanxcom
Facebook: https://www.facebook.com/baanx.io

ETH: 0x83d621b5615DfAa5E150Bc85eFC1bc938E8c21eB
Bitcointalk username: The Planner
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2037457