Topic: First licensed crypto-BANK! - page 2. (Read 11556 times)

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?

Oh! You think bank really knows what they want? What they are just basically after is to keep trying as much as possible to want to at least keep milking those they can milk and as long as there is potential for profit when it comes to a new thing, I am sure they will always find a way to blend in.

We always know how banks have always operated for their own selfish reasons, so I see no doubt in seeing them trying to at least take advantage of some set of people who want to be a part of this space, but don't just know how to go about it and as long as they are benefiting from it, they will just shut up eventually. Have you not noticed that banks are the biggest hypocrites the world can ever have?

crypto-banking is a good step towards creating public trust in crypto and this will encourage more investors and new users to join crypto, if this continues and the more new crypto banks emerge then we will know what the future of crypto will be

A bitcoin bank is a contradiction in terms, since the blockchain is already a bank. In addition, in this operation there are many obscure points, so it seems to me a good and good scam. We'll see how it turns out.

EQIBank is definitely proud to get The first crypto-BANK license, I saw a lot of Cryptocurrency competition that was prestigious and getting hotter, and to be honest I wanted to know the end result of crypto competition in the future.

100 euros? Only for transferring fee? It is too high. I don't want to say that it is good in the part of cryptocurrency people but it does not mean that it will become assurance of price hiking. Well, I thought that banks never want crypto to exist so I assume also that this is a token bank. Well, a lot of ICO's I saw that are related in crypto banking which are scam.

The conventional banks are restricted by so many regulations it is practically impossible to engage in crpto banking.

Establishing a cryptobank is good innovative in the financial world, I hope the transaction charge of the cryptobank will not be more than the traditional banking system we are running from because most of the cryptocurrency to fiat exchanging  platform charges even more than bank.

This is new news in my encyclopedia and before it, I had known that Venezuela is going to officially open a crypto bank for the revival of their economy that will help them tackle the challenges they have been facing in the form of hyperinflation and inflation. So this is not bad because ultimately it helps you transform things into a digital format and the more people use the banking facility, the more the demand for the coins will rise plus the knowledge about cryptocurrency will spread.

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I am really hoping it is actually a Halloween joke. But if this is for real, and looking at the fees, that is pretty typical of banks. It is actually absurd to even see some people seeing this as a great innovation and then probably there is every chance that the banks already know that there are some people who do not actually understand any concept at all.

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 !

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 !

Has EQIbank been established and is operating or still in the project? if it is not already operational, then there is one more project that has obtained a license before EQIbank, it is World Bit Bank, they obtained a license in February 2018. You can see it on the website https://wbb.io

Not a chance! Do you know why I am in this business at the first place ?

To become my own bank, that is what bitcoin has promised me, to be my own bank. I do not like banks, I actually HATE banks and this is why I was interested in bitcoin early on as well, I have been around longer than most people because I was literally searching ways to live my life without having to worry about any banks.

Banks are deceitful and scammers and they will do anything and everything in their power to make even a single cent from you. Banks like HSBC is literally the reason why people are suffering today. They go out and make deals with drug dealers to make their money legit however at the same time they call you and tell you to pay your 1.13 dollar "debt". That is not a freaking debt thats chump change and if you do not pay (who cares about 1.13 dollars) than they will call every single family member telling them to tell you to pay.