Topic: [ANN] 💠 FSBT TECH 💠 – Open API For Fintech Developers - page 138. (Read 58118 times)

Great story i find it hard to read as i am not Japanese but i try my best with Google translate and it seems amazing what they are telling us about.

Ya the 10% was exptreme; I think because it was considered as a high risk merchant? I am not sure; but it was best not to go for it; I for one would not use it if I am to be charged 10% it is crazy; it would be easier just to get eth and invest.

There is not doubt about, FSBT will list on big/ high quality exchange. I already Invested some amount in FSBT and will add more once I manage to arrange ETH.

The Forty Seven Bank team were accepting fiat at the start of the ICO but I think they had an issue with the payment processor for the fiat investments. They were using paybis and their third party company was charging 10% transaction fees. Therefore Forty Seven Bank dropped them as a payment processor.

Well they said worldwide i don't see why that would exclude South America or the USA, i'd hope we will see it internationally rolled out to all countries. Or at least the big countries, with all the smaller ones following, i mean time will tell in the end but i really hope we see it make it into the USA. But USA regulations are insanely strict when it comes to crypto lately.

If only 3 mil of forty seven bank tokens are sold, is it enough for the team to move to the next step of building up project?

I have seen this message this morning and was very happy to see how things are developing for 47bank across geographies. Are they planning to go to USA as well or South America? that would be an very interesting and huge development in the end.

Do we really have doubts about the quality exchanges FSBT tokens will end up? I don't have that doubt. It is sure to hit very high quality and good exchanges for sure. Couple of weeks to go for the completion of the ICO. Lets wait and watch. In the mean time we just acquire FSBT tokens.

I would advice that FSBT get listed in top exchange with huge volume to maintain the hype even if it's one of such exchanges than get listed in several small exchanges and the hype gets dwindled.

True, it actually has a purpose, not just to get the token and hodl but its need to actually solve a demanding purpose gives it that edge and substance that it needs to strive in an ever demanding market, creating a very useful token that leads to an ever increasing value  

It is important to keep updates coming; otherwise things might stir differently. Any investor will surely do their own research to invest and they should also know while doing that research that team can or cannot deliver based on the information available not only on the information provided. So it is a really important question/statement posed here that the updates should not stop.

FIAT option not available, for me it makes bit difficult to Investe. But we can first buy ETH or BTC then we can invest in this ICO. It's worth to take this much afforts for project like FSBT

Yep the actual usage of the FSBT is what has me most excited for 47 bank, as you know a lot of banks use their tokens to signify something like a dividend etc, but theirs actually 0 usage for the token so theirs no real demand to drive the token price up over time. 47 bank on the other hand has actual usages and consumption and basically an ecosystem to drive the token, which should see as the company and bank grows demand for the token to grow as well, driving prices upward and earning investors a nice profit over time.

And another thing, for developers ,in order to upload their apps to Forty Seven Bank app platform and for businesses, for introducing smart contracts inside their business, they will need FSBT tokens, which means that tokens are going to have real demand on secondary market and the price for them will increase substantially.

Yeah that's what i thought too but it is rather better to prevent a situation that will cause issues for both investors and the team which might lead to zero trust towards the 47bank project.

Thanks faulerwilli for translating here. They announced in Japanese market, but they are planning with any other markets also? Because if forty seven is was born as a startup company from Europe and they are entering in Japanese market so theirs any plan about any other market? Any official announcement may is possible infuture?

I would be very happy about it, but I do not understand a word :-)

ok, I started the translator:


On March 1, 2018, Fortyseven Bank announced its entry into the Japanese market and introduced this case to various domestic media, including President Online. I would like to express my sincere gratitude to all of you for your support in this way from various fields.

The present situation of the Finetec world in Japan is a situation that is not awful. The domestic largest enterprises are leading the industry exclusively. Even though this brings good results in the short term, we have the risk that in the long term there will be further holdbacks on the growth of the entire Finetec world. Under such circumstances, we will aim to offer "Innovative FinTech Solutions" that can be implemented without relying on large companies and large-scale budgets as we enter Japan.
Forty Seven Bank was born as a startup company from Europe. Our mission is to support Independent FinTech developers and engineers to work under our umbrella. Alexandrus Mullins, CEO of the Bank, also stated that: "The development platform of Fortyseven Bank will now be able to give the push that is extremely necessary for Japan's Finetec scene.The local financial services technology startup companies will develop opportunities to develop their own products and deliver them to the market We are not concerned with the pressures concerning the breathtaking corporate culture and the Series A round of financing. "

i love google translator:-)

Wow really this is great news, patiently waiting for April thanks for keeping us updated with the activities of Forty seven bank you've really been a source of information well done.

Forty Seven Bank was recently featured in PRESIDENT Online in Japan

https://medium.com/@FortySeven47/forty-seven-bank-was-recently-featured-in-president-online-in-japan-4235572e7bf1

We will announce before the end of ICO which exchanges are we going to get listed first in the beginning of April.