Future of crypto banking, blog on Forty Seven Bank
I suppose anyone who is into crypto has had to transfer funds from their bank account to a local exchange to obtain your bitcoins. Next step is then getting it on the exchange to swap your bitcoin for altcoins. There are so many steps in this process and I think it is about time there is a Bank that does all this, after all crypto is the future.
Forty Seven Bank is globally active and will be specialized in Digital Finance by supporting cryptocurrencies as well as traditional local fiat currencies. The bridge between crypto and fiat will be closed finally, another step towards global embracement of the Blockchain.
As a customer of Forty Seven Bank, you will have the standard account management functions, where it will be easy to manage crypto wallets, investments in assets, and even creditcard. Customers are issued a real creditcard which you can use for payments, I never liked the idea of scanning QR codes..
Besides the functions of a typical bank, 47B will also provide ICO Services to companies that are looking for financing via ICO. Legal support, escrow arrangements, smart contract management are the things Forty Seven Bank is qualified for.
The skeptical reader might have already thought that you can’t just open a bank. Given the fact that IMF does not like cryptocurrency, starting a crypto bank sounds courageous. 47B has announced however that they will be compliant with all EU directives, Basel III, Financial Conduct Authority (FC), Prudential Regulation Authority (PRA) and with the requirements imposed by the Bank of England.
Forty Seven Bank has already received 23% of their Hard Cap as investments, currently 10% bonus is active where 1 FSBT = 0.00428 ETH. ICO will end by the end of March. For interesting news feed and updates, check out their Telegram and Twitter.
Follow the ICO of Forty Seven Bank on their website!
