[ANN] 💠 FSBT TECH 💠 – Open API For Fintech Developers - page 174.

nesh1

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Activity: 448

Merit: 110

Quote from: cryptossi on February 18, 2018, 04:03:13 PM

Quote from: Cnote328 on February 18, 2018, 03:35:09 PM

Quote from: rathaha10 on February 18, 2018, 03:20:18 PM

Can you pay with fiat money on this ICO ? Or can we do it after ICO. I see on the site that you can pay currently with ETH, and Bitcoin.

I doubt you can purchase Forty seven token with fiat money i think ETH and Bitcoin is the payment medium as stated on their website. If one can purchase Forty seven token with fiat money i will love to know also

I think at one point Forty Seven Bank were accepting payments in fiat through the Paybis service. I wonder what happened there and why they stopped accepting Fiat.

I think they want profit too if people pay with btc and eth then the worth of it can go higher if they pay with fiat they will only make that amount so it is better for them to accept eth and btc instead of fiat.

Owillz

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Activity: 532

Merit: 10

Quote from: rezzx on February 18, 2018, 03:44:44 PM

Quote from: faulerwilli on February 18, 2018, 03:40:43 PM

Quote from: Gunny95 on February 18, 2018, 02:52:47 PM

What I like the most about this project is that with biometric data you can prove your identity all over the world, with the blockchain you can send funds with proven identities both sides included, this is useful for tax administration

yes, that could be really interesting. However, I wonder how they ensure the security of this data. Imagine a hack of the biometric database, that would be the worst thing that can happen

There are safe ways to store sensitive data such as fingerprints and other biometric data. Usually the data is hashed and only the hash is stored in the servers. This way if the servers are hacked, there isn't much to do with the hash since you can't produce the original data with it, only validate it.

That is good but am sure with time there will be more secured ways to keep these datas safe. With continuous advancement in technology, I don't think it will take long before this method becomes obsolete. Don't really know much about it though, am just saying.

cryptossi

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Activity: 504

Merit: 106

★Bitvest.io★ Play Plinko or Invest!

Quote from: Cnote328 on February 18, 2018, 03:35:09 PM

Quote from: rathaha10 on February 18, 2018, 03:20:18 PM

Can you pay with fiat money on this ICO ? Or can we do it after ICO. I see on the site that you can pay currently with ETH, and Bitcoin.

I doubt you can purchase Forty seven token with fiat money i think ETH and Bitcoin is the payment medium as stated on their website. If one can purchase Forty seven token with fiat money i will love to know also

I think at one point Forty Seven Bank were accepting payments in fiat through the Paybis service. I wonder what happened there and why they stopped accepting Fiat.

rezzx

newbie

Activity: 70

Merit: 0

Quote from: faulerwilli on February 18, 2018, 03:40:43 PM

Quote from: Gunny95 on February 18, 2018, 02:52:47 PM

What I like the most about this project is that with biometric data you can prove your identity all over the world, with the blockchain you can send funds with proven identities both sides included, this is useful for tax administration

yes, that could be really interesting. However, I wonder how they ensure the security of this data. Imagine a hack of the biometric database, that would be the worst thing that can happen

There are safe ways to store sensitive data such as fingerprints and other biometric data. Usually the data is hashed and only the hash is stored in the servers. This way if the servers are hacked, there isn't much to do with the hash since you can't produce the original data with it, only validate it.

faulerwilli

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Activity: 994

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Quote from: Gunny95 on February 18, 2018, 02:52:47 PM

What I like the most about this project is that with biometric data you can prove your identity all over the world, with the blockchain you can send funds with proven identities both sides included, this is useful for tax administration

yes, that could be really interesting. However, I wonder how they ensure the security of this data. Imagine a hack of the biometric database, that would be the worst thing that can happen

Cnote328

newbie

Activity: 112

Merit: 0

Quote from: rathaha10 on February 18, 2018, 03:20:18 PM

Can you pay with fiat money on this ICO ? Or can we do it after ICO. I see on the site that you can pay currently with ETH, and Bitcoin.

I doubt you can purchase Forty seven token with fiat money i think ETH and Bitcoin is the payment medium as stated on their website. If one can purchase Forty seven token with fiat money i will love to know also

rathaha10

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Activity: 616

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io.ezystayz.com

Can you pay with fiat money on this ICO ? Or can we do it after ICO. I see on the site that you can pay currently with ETH, and Bitcoin.

nxnqauff

member

Activity: 840

Merit: 17

PG-PAY Gold Backed Token

Quote from: Gunny95 on February 18, 2018, 02:52:47 PM

What I like the most about this project is that with biometric data you can prove your identity all over the world, with the blockchain you can send funds with proven identities both sides included, this is useful for tax administration

I agree with your view. But then tax offices around the world should unite and also use blockchain for their administration. May be that could be fortyseven banks sister project in the future.

Cnote328

newbie

Activity: 112

Merit: 0

Quote from: phantam on February 18, 2018, 01:12:21 PM

Quote from: cryptossi on February 18, 2018, 01:06:28 PM

Quote from: Naes on February 18, 2018, 04:42:08 AM

Invest in the FORTY SEVEN BANK project is promising. If large investors come this is good. Small private investors are even better. They will complement each other and the token will be more stable.

Yes exactly 47 Bank should aim for both types of investor & customer. Private investors and corporate investors will help raise the funds needed to reach the hardcap.

It’s basically what crypto was designed for blurring the lines between large and small investors everyone ends up just being a token holder I’m sure large projects like 47 will see a pretty big array of investors from those that can only afford a few tokens to the big investors that throw multiple bitcoin at the ico as they see it as a solid project. The crypto market itself is full of minnows and whales and they invest as such in projects like this as such.

Yeah Crypto helps both parties, I'm certain Forty seven bank has consider this before embarking on ICO sales, that's why on their website it's stated Minimum contribution size:None Maximum contribution size: Unlimited

Gunny95

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Activity: 252

Merit: 11

What I like the most about this project is that with biometric data you can prove your identity all over the world, with the blockchain you can send funds with proven identities both sides included, this is useful for tax administration

Ace44

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Activity: 672

Merit: 11

Quote from: Nathan01 on February 18, 2018, 01:10:58 PM

Quote from: Gunny95 on February 18, 2018, 11:36:16 AM

Quote from: ibininja on February 18, 2018, 02:01:30 AM

Quote from: sukhwindersingh on February 17, 2018, 07:48:23 PM

the previous reason was valid, and it was too short of a notice. I think they made the right choice. Besides, if you understand how the market works, it shouldn't even affect the price/reward ratio. If you hold 1$ worth of PXS hoping to make 1000$ get lost

That cracked me. It seems that there is a notion with many that a $ would yield a million in crypto. Bitcoin sure has effected the minds of many. Well I am not saying it impossible just saying that it is not as easy. We are seeing great project coming up and 47 included; well particularly 47 the idea is amazing.

About half a year ago our News had articles where they would talk about how a teenager became a millionaire, which gives people the idea they can get rich quickly.
Its the wrong idea to invest in an ICO, it should be that people support ICO they really believe will aid the society and has a future, instead of which ICO brings in the most money

exactly my sentiments most times, i mean we live in an age where technology advancement is at its finest and its kinda shallow to want to stay around this crypto tech just for the profit alone, i mean its not bad idea if you are for profit but not totally, look into the project what does it solve? how does it help the crypto space? how does it help the world? that way one is progressively involve in the advancement of the blockchain

like i said my sentiments

Solid point, if i need quick profit, i know where to go and that's the lending ICOs, where they don't have anything unique, other than their usual lending plans and i dumped them long ago because you either make profit or get scammed, that's a very risky place to be but a project with values are rare, projects like Forty Seven Bank got my attention, i can invest and have that peace of mind that my investment is safe and i don't need to refresh their site every minute to check if they are still around or if my money is gone Grin

phantam

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Activity: 546

Merit: 106

Bountyhive.io

Quote from: cryptossi on February 18, 2018, 01:06:28 PM

Quote from: Naes on February 18, 2018, 04:42:08 AM

Invest in the FORTY SEVEN BANK project is promising. If large investors come this is good. Small private investors are even better. They will complement each other and the token will be more stable.

Yes exactly 47 Bank should aim for both types of investor & customer. Private investors and corporate investors will help raise the funds needed to reach the hardcap.

It’s basically what crypto was designed for blurring the lines between large and small investors everyone ends up just being a token holder I’m sure large projects like 47 will see a pretty big array of investors from those that can only afford a few tokens to the big investors that throw multiple bitcoin at the ico as they see it as a solid project. The crypto market itself is full of minnows and whales and they invest as such in projects like this as such.

Nathan01

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Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: Gunny95 on February 18, 2018, 11:36:16 AM

Quote from: ibininja on February 18, 2018, 02:01:30 AM

Quote from: sukhwindersingh on February 17, 2018, 07:48:23 PM

the previous reason was valid, and it was too short of a notice. I think they made the right choice. Besides, if you understand how the market works, it shouldn't even affect the price/reward ratio. If you hold 1$ worth of PXS hoping to make 1000$ get lost

That cracked me. It seems that there is a notion with many that a $ would yield a million in crypto. Bitcoin sure has effected the minds of many. Well I am not saying it impossible just saying that it is not as easy. We are seeing great project coming up and 47 included; well particularly 47 the idea is amazing.

About half a year ago our News had articles where they would talk about how a teenager became a millionaire, which gives people the idea they can get rich quickly.
Its the wrong idea to invest in an ICO, it should be that people support ICO they really believe will aid the society and has a future, instead of which ICO brings in the most money

exactly my sentiments most times, i mean we live in an age where technology advancement is at its finest and its kinda shallow to want to stay around this crypto tech just for the profit alone, i mean its not bad idea if you are for profit but not totally, look into the project what does it solve? how does it help the crypto space? how does it help the world? that way one is progressively involve in the advancement of the blockchain

like i said my sentiments

cryptossi

full member

Activity: 504

Merit: 106

★Bitvest.io★ Play Plinko or Invest!

Quote from: Naes on February 18, 2018, 04:42:08 AM

Invest in the FORTY SEVEN BANK project is promising. If large investors come this is good. Small private investors are even better. They will complement each other and the token will be more stable.

Yes exactly 47 Bank should aim for both types of investor & customer. Private investors and corporate investors will help raise the funds needed to reach the hardcap.

ibininja

member

Activity: 490

Merit: 10

Quote from: Nathan01 on February 18, 2018, 11:13:48 AM

Quote from: faulerwilli on February 18, 2018, 05:37:57 AM

have you already read the part with the white and blacklists?

Forty Seven Bank will constantly monitor custom-
er activity to detect and prevent activities of

criminal elements for money laundering. As
result of these procedures we always know the
persons and companies we can trust and who we
can’t trust. Our bank will publish whitelist and
blacklist of accounts. Both lists will be publicly
available to the broad community on the public
blockchains. Other banks, businesses and
persons can take these lists into account in order
to evaluate whether it is safe or not to perform
financial transactions in cryptocurrency with
these accounts.

what information is published there? Is this just a rating of the account or are there also details such as account balance or my portfolio in it?

Wow this is an entirely new game 47BK is bringing into the crypto world... This is security on a whole new level, I can't describe... Amazing... So I get to not only know fraudulent activities or persons but it's also listed out in public space so unsuspecting persons doesn't fall victim again cool...

It is great that the plan is to publicly expose whitelist and blacklisted accounted; of course I am guessing that the privacy aspect of this is also considered. I think it would be great also talking about the measured to combat whitewashing attacks and the same.

Zombie259

member

Activity: 420

Merit: 11

Quote from: Owillz on February 18, 2018, 11:23:49 AM

Quote from: Nathan01 on February 18, 2018, 02:55:39 AM

Quote from: FortySeven on February 17, 2018, 04:18:18 PM

Quote from: Owillz on February 17, 2018, 04:16:03 PM

Quote from: faulerwilli on February 17, 2018, 03:44:50 PM

If it has not been mentioned here: 20% of the profit goes to the tokenholders. And if anyone has read the financial model, then he knows what that will be worth. So if someone likes a really good annual dividend, then he should invest as soon as possible

What's the distribution time interval for this 20% bonus?? Is it monthly or yearly??

Bonus 20% is till the end of February, after that will be a 10% bonus till the end of March.

I think he is asking about the profit and not the bonus which was already answered by faulerwilli when he said "annual dividend" which is yearly if I am not mistaken Huh

OH yea. You are right. That's exactly my question which you answered @Nathan but now d previous posted said 20% is only for February and 10% for march and not the year like u trying to say. Does this mean the bonus is just for two months?? Feb and March?

The ICO Bonus is for February -> 20%
and for March -> 10%

The yearly dividend of 20% wwill be payed at yearend.

Gunny95

member

Activity: 252

Merit: 11

Quote from: ibininja on February 18, 2018, 02:01:30 AM

Quote from: sukhwindersingh on February 17, 2018, 07:48:23 PM

the previous reason was valid, and it was too short of a notice. I think they made the right choice. Besides, if you understand how the market works, it shouldn't even affect the price/reward ratio. If you hold 1$ worth of PXS hoping to make 1000$ get lost

That cracked me. It seems that there is a notion with many that a $ would yield a million in crypto. Bitcoin sure has effected the minds of many. Well I am not saying it impossible just saying that it is not as easy. We are seeing great project coming up and 47 included; well particularly 47 the idea is amazing.

About half a year ago our News had articles where they would talk about how a teenager became a millionaire, which gives people the idea they can get rich quickly.
Its the wrong idea to invest in an ICO, it should be that people support ICO they really believe will aid the society and has a future, instead of which ICO brings in the most money

nxnqauff

member

Activity: 840

Merit: 17

PG-PAY Gold Backed Token

Quote from: Anilg on February 18, 2018, 11:07:39 AM

Quote from: Nathan01 on February 18, 2018, 02:55:39 AM

Quote from: FortySeven on February 17, 2018, 04:18:18 PM

Quote from: Owillz on February 17, 2018, 04:16:03 PM

Quote from: faulerwilli on February 17, 2018, 03:44:50 PM

If it has not been mentioned here: 20% of the profit goes to the tokenholders. And if anyone has read the financial model, then he knows what that will be worth. So if someone likes a really good annual dividend, then he should invest as soon as possible

What's the distribution time interval for this 20% bonus?? Is it monthly or yearly??

Bonus 20% is till the end of February, after that will be a 10% bonus till the end of March.

I think he is asking about the profit and not the bonus which was already answered by faulerwilli when he said "annual dividend" which is yearly if I am not mistaken Huh

Great! So FSBT Tokens holder will get yearly dividend Also. That's really awesome. So it's kind of holding company shares. I was looking for similar thing. If company makes profit then token holder should get rewards.

Thats the beauty of FSBT tokens. This will definitely boost our investment. I like this dividend idea for tokens. Its good to hold it like shares as mentioned by you to enjoy the full benefits.

Owillz

member

Activity: 532

Merit: 10

Quote from: Nathan01 on February 18, 2018, 02:55:39 AM

Quote from: FortySeven on February 17, 2018, 04:18:18 PM

Quote from: Owillz on February 17, 2018, 04:16:03 PM

Quote from: faulerwilli on February 17, 2018, 03:44:50 PM

If it has not been mentioned here: 20% of the profit goes to the tokenholders. And if anyone has read the financial model, then he knows what that will be worth. So if someone likes a really good annual dividend, then he should invest as soon as possible

What's the distribution time interval for this 20% bonus?? Is it monthly or yearly??

Bonus 20% is till the end of February, after that will be a 10% bonus till the end of March.

I think he is asking about the profit and not the bonus which was already answered by faulerwilli when he said "annual dividend" which is yearly if I am not mistaken Huh

OH yea. You are right. That's exactly my question which you answered @Nathan but now d previous posted said 20% is only for February and 10% for march and not the year like u trying to say. Does this mean the bonus is just for two months?? Feb and March?

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: faulerwilli on February 18, 2018, 05:37:57 AM

have you already read the part with the white and blacklists?

Forty Seven Bank will constantly monitor custom-
er activity to detect and prevent activities of

criminal elements for money laundering. As
result of these procedures we always know the
persons and companies we can trust and who we
can’t trust. Our bank will publish whitelist and
blacklist of accounts. Both lists will be publicly
available to the broad community on the public
blockchains. Other banks, businesses and
persons can take these lists into account in order
to evaluate whether it is safe or not to perform
financial transactions in cryptocurrency with
these accounts.

what information is published there? Is this just a rating of the account or are there also details such as account balance or my portfolio in it?

Wow this is an entirely new game 47BK is bringing into the crypto world... This is security on a whole new level, I can't describe... Amazing... So I get to not only know fraudulent activities or persons but it's also listed out in public space so unsuspecting persons doesn't fall victim again cool...

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