FAQ: popular questions about the projectWe continue releasing answers to frequently asked questions about the project. We want you to know everything you need about Bankcoin Reserve, that’s why we are ready to answer every question about the project. We believe transparency is one of the key aspects that differentiate projects with future from the rest.
Is the Bankcoin Reserve Technology patented?Bankcoin Reserve has 8 patents that protect the innovations registered by Gary McAlister and AAA Blockchain. All information can be viewed on the Patents page.
Are the Bankcoin Reserve instruments Sharia-compliant?Islamic banking, or Sharia-compliant finance, prohibits riba or usury, which are both defined under Islamic law as unjust and exploitative gains made in trade or business. Accepting interest or fees for loans of money is not permitted; investments in businesses providing goods and services that are considered contrary to Islamic principles are also haram, which means ‘sinful’ or ‘prohibited’. This patented innovation addresses all issues in the current banking and financial sectors that conflict with Sharia-compliant finance.
The team will be happy to answer other questions too! Feel free to submit your questions for us to address!
How long will it take to launch a mobile wallet ?
I would like to understand how quickly the project will develop.
Our wallet is planned for mid next year but the exchange platforms will have wallets and pos when the announce our listing.
Each Country Will Have Its Own Bankcoin On BlockchainAs you may know, Bankcoin Reserve employs 9 patent-protected innovations that are registered in the Commonwealth of Australia Patents Office and also on WIPO. These patents allow us to offer our partners one more exciting opportunity: BCR has the ability to discover new Bankcoins on the Blockchain. Each country that comes aboard will acquire its own Bankcoin on the Blockchain with a specific set of protocols.
That is just one of the patented innovations that give us these unique rights. When we were developing the project we wanted to bring innovation to the existing economic system and provide businesses across all sectors with more tools and opportunities to reach their goals.
Our team firmly believes: digitization is crucial for changing the world of today. We also believe these changes must bring positive effects to both private individuals and entire governments alike!
Now I am amazed by the work of the team. I wonder if your codes have passed any audit ? That would be very important to me.
what do you mean?