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ニューヨーク, 2018年7月3日 - (JCN Newswire) - BriteBanc is a licensed retail banking institution, now accepting crypto currency deposits. BriteBanc has married the superior technology, security and speed of transacting business across town or across the world, which crypto currencies have been doing for years with the type of services - savings accounts, CD's, loans and investments that traditional banks have been offering for years. It operates a comprehensive online retail banking presence, allowing crypto and fiat depositors to transfer funds internationally, access reliable debit card services, as well as other banking functions, while earning interest.
As a fintech company, BriteBanc believes it brings a unique level of operational experience to the needs of the financial community. Although blockchain technology has exploded over the past few years with the success of Bitcoin, alternative coins and other applications, the banking community has traditionally resisted adopting blockchain technology in retail applications. With a decentralized currency and payment infrastructure being extremely disruptive to the banking industry, it is no wonder major banks have resisted adopting blockchain technology outside of a proof of concept to support its retail business.
BriteBanc is launching an Initial Coin Offering (ICO) of its "CapCoin" cryptocurrency, projected to be completed in the 4th quarter of 2018 for (US) $220Million. The technology behind CapCoins solve a number of issues that have plagued the crypto marketplace in the past, including security, volatility, merchant acceptance and the ability to earn interest on crypto deposits.
BriteBanc intends to marry present-day retail banking with the benefits of blockchain infrastructure to allow decentralization, autonomous transactions and smart contracts, to help drive crypto adoption to the mainstream. BriteBanc intends to make the more familiar banking functions available to cryptocurrency holders, such as demand deposit accounts, interest-bearing savings, certificates of deposit but with the Crypto community philosophy of sharing the benefits of the technology by offering interest rates of up to 9.9% APR and easy access to money market funds. BriteBanc provides interest-bearing accounts for over 15 different cryptocurrencies, as well as the option to pay for goods and services with a debit card linked to these 15 cryptocurrencies. Hence, BriteBanc provides liquidity and usage not only for CapCoin, but others in the marketplace.
BriteBanc seeks to position itself to support the needs of both retail consumers and corporate customers. Retail customers desire to make purchases of bitcoin (and alt-coins directly) without KYC delays or problems with credit card authorizations. Corporate customers look to make larger crypto transactions possible without causing problems with their existing financial institutions, (who might have "anti-crypto" policies in place.)
BriteBanc plans to support both of these constituents by establishing the infrastructure, relationships and capital required to enhance these functions in this marketplace. The anticipated result: more ownership, better support and larger transactions made available across all markets. BriteBanc provides enhanced security, ease of use, and a security protocol that uses data provided by Smart Wallets to enhance security of wallet balances.
Although operating on a decentralized and distributed blockchain, a new set of rules protects the participants, taking an important step in self-regulation to protect the entire network/economy. Crypto purchase hurdles will be eliminated. Streamlined KYC Validation results will be stored on the blockchain with a token owned by each individual consumer. This system will create a standard that will be used industry wide with shared tokens offering instant KYC/AML validation across numerous transactions and vendors.
BriteBanc is also developing a guaranteed-value point of sale merchant payment service that will allow vendors of large ticket items to sell products directly for crypto without concerns about crypto-market volatility. Likewise, for two or more parties looking to sell/buy crypto in larger quantities, BriteBanc also has guaranteed-value escrow services available to facilitate these transactions. These systems are positioned to bring large crypto transactions to the mainstream and service, an under-supported niche in this marketplace. (Crypto millionaires.)
BriteBanc LTD is a licensed International Retail Bank enabled to operate globally and cater to the crypto community around the world. BriteBanc expects to become a major player in this space by offering a unique suite of financial services to crypto participants and by innovating with a variety of blockchain enhancements that are focused on the financial industry.
Because BriteBanc is an actual financial institution, it desires to bridge the blockchain gap left empty, with no central authority. Through new proprietary Smart Wallet technology, blockchain KYC solutions, specialized Smart Contracts and the CapCoin token, BriteBanc provides the key cryptographic and operational components to the ecosystem that enable retail banking. Although it makes it possible to bring the everyday functions of "fiat banking" to the blockchain, it goes further by enhancing token ownership - allowing token owners to participate in the management of their portfolio. In addition, Smart Wallets enable payments (by BriteBanc) to token owners based on the choices they make about their tokens. A dividend would be a simple example.
Crypto participation now goes beyond token ownership for speculation and trading. Now, decisions made about token functionality enable additional ownership benefits to be made available - fund allocation, dividends or payment of interest to name a few. This function reduces volatility by building intrinsic value into the token, not just some perception of value driven by speculation.
For more information please visit http://www.britebanc.io
About BriteBanc:
BriteBanc is a licensed, offshore retail banking institution, accepting deposits, paying interest, and poised to offer loan products as well as other banking services. BriteBanc caters to the worldwide crypto community, and operates a comprehensive online retail banking presence, allowing crypto and fiat depositors to transfer funds internationally, access credit and debit card services as well as other banking functions while earning interest. BriteBanc offers unique prestige metal debit cards as well as merchant friendly programs to accept cryptocurrency at point of sale without having to hedge market risk.
SOURCE: BriteBanc
トピック: Press release summary
Source: BriteBanc
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From the Asia Corporate News Network
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