Topic: [ANN] 💠 FSBT TECH 💠 – Open API For Fintech Developers - page 297. (Read 58107 times)
will you offer API or will developers need to use your application platform?
Will you launch an Android and iOS app?
Yes, of course, Forty Seven Bank will have mobile applications on both operating systems.
What kind of security measures will you provide to clients' accounts?
I see you offer businesses the possibility of launching applications in your platform. What requirements will businesses need to meet in order to launch their applications?
Business will have to go through standard KYC and AML procedures in order to open a bank account. In our case we will make a bank with remote identification, where a client will be able to go through these procedures right via personal cabinet. After that, the client will get access to API and will be able to create his own web applications or bots or anything else.
Taking into account that all the critical data will be stored at our side, on the basis of our API our clients will have opportunity to concentrate on the development of their business and marketing. Developers will get commissions as technical service providers for customer attraction in convenient way for them - either in fiat or cryptocurrencies.
will all clients need to pass KYC identification?
Yes, all clients of Forty Seven Bank will have to go through KYC procedure.
will all clients need to pass KYC identification?
Will you launch an Android and iOS app?
Yes, of course, Forty Seven Bank will have mobile applications on both operating systems.
Will you launch an Android and iOS app?
Only personal accounts or business accounts also ?
Forty Seven Bank will provide wide range of products and services for individuals, businesses, developers, traders and other financial and governmental institutions. Business accounts will be available at first to companies from the European Union and we will expand our operations to other countries in future.
Yes, you will be able to manage all your crypto wallets via one application of Forty Seven Bank.
I see you offer businesses the possibility of launching applications in your platform. What requirements will businesses need to meet in order to launch their applications?
Only personal accounts or business accounts also ?
Forty Seven Bank will provide wide range of products and services for individuals, businesses, developers, traders and other financial and governmental institutions. Business accounts will be available at first to companies from the European Union and we will expand our operations to other countries in future.
I can see from roadmap there will be integration into SWIFT system at later point. That has been compromised with security system why don't you use blockchain fully for transactions ? I didn't not read the whole concept with details so will be following to understand well everything before making any decision.
The debit card from customer and merchant perspective will work like usual Visa or Mastercard debit card. The customer may decide to which type of account the debit card is bound when he or she signs an aggreement with Forty Seven Bank. It can be bound to Multi-Asset Account, fiat account, crypto-stable currency account or cryptocurrency wallet. First of all, the bank will check whether customer has enough funds and will approve transaction if customer has sufficient amount of funds in his account and simultaneously will lock these funds. After that, funds either are withdrawn directly from fiat account or equivalent amount of cryptocurrency is withdrawn from customer cryptocurrency wallet. Funds may be converted between cryptocurrency and fiat currency using current exchange rate. Bank will have own nodes in major blockchains such as Bitcoin and Ethereum, store the customer wallet keys and manage customer wallets. So, there will be no problem for the bank to execute these transactions on behalf of our customers directly in blockchain.
Only personal accounts or business accounts also ?
Forty Seven Bank will provide wide range of products and services for individuals, businesses, developers, traders and other financial and governmental institutions. Business accounts will be available at first to companies from the European Union and we will expand our operations to other countries in future.
if seen from a good working structure, it seems like this will be the fastest-response project ever, interestingly, it will be one of the list of potential projects for success, hopefully running well, I'm waiting for further developments, good luck with your project
Thank you very much for your opinion! If you are waiting for further developments, feel free to subscribe to our updates on the website, so we could inform you about all important events and developments.
Only personal accounts or business accounts also ?
What is the minimum/maximum investment in each stage?
I mean, in the Pre-ICO and the ICO.
I mean, in the Pre-ICO and the ICO.
Minimum contribution on Pre-ICO is 4.7 ETH (1 000 FSBT tokens) and on ICO it is 0.047 ETH (10 FSBT tokens). There is no maximum limit on the amount of one contribution.
What will be the benefits for backers?
Token holders of FSBT tokens will get several important benefits:
1) They will be top priority clients of Forty Seven Bank and will receive yearly rewards in FSBL tokens that can be exchanged in our loyalty shop for wide range of different products and services, such as travelling, electronics, entertainment, clothing, etc. Forty Seven Bank will invest 20% of its net profit for previous year into loyalty program. The figure below describes this.
2) Token holders will be the first to try our products and services.
3) Developers and businesses who have FSBT tokens will be able to get full access to Forty Seven Bank products and services and will be able to upload their applications on Forty Seven App Platform or build automated business powered by blockchain and smart contract technologies.
These are the main benefits, but there are more of them.
Apart from that, contributors to our ICO campaign will get additional benefits from Forty Seven Bank based on the amount of their contribution.
You can find more information about this in our document Token Holders Benefits following this link: https://drive.google.com/file/d/0BwDjfDDrGhcsLTJOYzd1ZkZ0WU0/view
What is the minimum/maximum investment in each stage?
I mean, in the Pre-ICO and the ICO.
I mean, in the Pre-ICO and the ICO.
I can see from roadmap there will be integration into SWIFT system at later point. That has been compromised with security system why don't you use blockchain fully for transactions ? I didn't not read the whole concept with details so will be following to understand well everything before making any decision.
Our concept is to unite crypto world and traditional monetary systems - we will provide full range of products and services for both.
Forty Seven Bank will offer SWIFT, FPS as well as other traditional methods and most popular cryptocurrencies, as they are commonly used nowadays by majority of people.
However, internal transactions and whole system of the bank will be built on the basis of blockchain technology. If you wish to know how exactly we plan to integrate blockchain into the ecosystem of Forty Seven Bank, please check our White Paper starting from page 29 – we have it covered this in details.
where will the IBANs be issued on?
FPS is Faster Payments Service - a UK banking initiative to reduce payment times between different banks' customer accounts from usual three working days to a few hours.
IBANs will be issued in the United Kingdom.
What will be the benefits for backers?
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