The blockchain revolution is upon us, with ordinary investors increasingly interested in investing in or trading cryptocurrencies. To bring the advantages of blockchain technology to traditional finance, Forty Seven Bank is creating a user-friendly platform catering seamlessly to both worlds.
The Forty Seven Bank app will provide a plethora of financial services to meet the basic needs of customers. As an example, Forty Seven Bank will issue debit and credit cards for customers to spend their cryptocurrencies for common goods and services. These cards will also enable customers to withdraw cash from ATMs. By allowing customers to buy goods and services for their cryptocurrencies, the platform will reinforce the value of cryptocurrencies, potentially stimulating greater interest in them by the public.
Using the Forty Seven Bank Multi-Asset Account, customers will be able to invest in stocks, bonds, options, futures, and will even be able to purchase insurance and obtain loans on the platform. Among the innovations of the platform are the creation and offering of cryptobonds, which will allow companies to raise money by tokenizing assets and selling these tokens that represent ownership of these assets. To bring extra convenience to customers, the app will allow customers to access bank accounts of different institutions while complying with European Union privacy laws. The ability to view and manage a diverse array of finances with a single app is an attractive feature of the platform. Importantly, Forty Seven Bank welcomes developers to create new applications to enrich its ecosystem.
The native token of the platform is FSBT, an ERC20 token that runs on top of the Ethereum blockchain. FSBT is used to pay for goods and services on the platform, and can easily be exchanged for other tokens, cryptocurrencies, and fiat currencies on the platform and at other exchanges.
The Forty Seven Bank crowdsale is live and ends April 30, 2018. The FSBT token can be purchased for 0.0047 ETH, with an additional 10 percent bonus available. Thus far, almost 4,000 people have participated in the crowdsale that has easily exceeded its soft cap.
*I am receiving FSBT tokens for the growth of the community.
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