Topic: First licensed crypto-BANK! (Read 11555 times)

Hmmm, more like a token bank which will use its own token.
And the fees...god !!!!!...the feees !!!!

https://eqibank.com/fees/


I hope there are quite a few of extra zeros in that table or it's some sort of Aprils Fools Halloween joke !

I think banks should not get into crypto since the reason why crypto was started in 2008-2009 was because of the 2008 banking crisis, those dudes made horrible mistakes with mortgages and put all those toxic ones into a bond and sold that and even made those bond together and then sold that leveraging their already horrible positions to a spike and then they crashed, what happened afterwards? None of them got punished for it and they even got bonuses for job well done and everyone in the world paid for it, I am sorry but if crypto becomes a bank like that I will start using fiat instead of crypto.

Cryptocurrency banks are already starting to work, and we will not get anywhere. Different ways of interacting with each other cryptocurrencies and banks are inevitable. The whole question is whether the services of such banks will be in demand and whether such activities will be beneficial to the banks themselves. If the demand for specific services in cryptocurrency, such as lending in cryptocurrency, is, then such banks will exist and develop. I do not see anything bad for cryptocurrency.

If there really are such fees in this cryptobank, then we do not need such banks. What is the point of such services with such prices? How would this bank be different from the greedy ordinary banks that we criticize?
The very need for crypto banks will still be time tested. It is still difficult to say whether cryptobank services in cryptocurrency will be in demand.

Hmmm, more like a token bank which will use its own token.
And the fees...god !!!!!...the feees !!!!

https://eqibank.com/fees/


I hope there are quite a few of extra zeros in that table or it's some sort of Aprils Fools Halloween joke !

BTCANKING ON BTCITCOIN

"EQIBank acquired its banking license in September 2018 to become the world’s first licensed and regulated bank to provide customers with a single banking relationship for their entire national currency, crypto and digital asset ecosystems. Instead of having to form multiple relationships with separate financial institutions, customers can access a comprehensive suite of services including clearing and settlement, trading, custody, lending, and banking." Pulled from https://www.financemagnates.com/thought-leadership/eqibank-the-first-licensed-bank-for-crypto-national-currencies/

As I look around and try to find the next biggest trend in crypto, I came across a company called EQI. I've been in the space for roughly 4 years and have seen it start from ICO's to Airdrops, Exchanges, and now Oracles and crypto-banking. I've looked over this project for some time and they seem to have their s%$! together as far as compliance, team, and vision.

Being in America, I think this would suit those best as we have to deal with these centralized giants like Wells Fargo, Chase, Suntrust, etc taking our funds and the fact we don't even own the money that we think we do- it's just what we are "owed".  I believe this can be the next wave of crypto trends and I hope to see others follow in the same path. We need to eliminate the disease of big banks we have now that are taking our money! What are your thoughts on EQI and the current banking system? Are we nearing a solution to this epidemic?

I think bitcoin created by satoshi because we can transfer without using third party like banks. I think many project like this and hopely the project will offering more feature than just a bank for cryptocurrency

Nonetheless, we need to accept that not everyone will be able to think or act the same way we do, and some will find it a bit hard to make some decisions on their own, and if banks decides to fill this gap, in as much as they know they will be gaining a lot from it, but still, it would help increase adoption the more in a way and won't restrict it to just the internet savvies.

The conventional banks are restricted by so many regulations it is practically impossible to engage in crpto banking. Therefore the idea of crypto banking is a good one. It will be focused and not encumbered with that much regulations as the conventional banks.

At this point webpage is not working for me, i cant tell how legit they are but as far as i can tell from linkedin page, it seems far fetched- account opening in the end of 2018.
Since cryptos at large are not regualted yet, i dont see how this could be a legitmate venture, at least not now. Maybe they can do regualr finances while being crypto friendly..till regulation is in place.

They didn't obtain a banking license they've just obtained a license for running a web wallet and an exchange service.
Besides those are obtained in Estonia, and in Estonia, you can get a business up and running in a couple of hours online.

Ignoring the team, made out of guys that were running a fitness business in the past the whole roadmap is hilarious.


250 million for 9 banks? lols, Piraeus sold their crappy business with 100 000 clients in Serbia !!!!!! for 70 million and they want to buy 9 in the EU , US and Japan???

Let's see how this scam will end!