MyCryptoBank - New CryptoBank For Cryptocommunity [Licensed] - Norainly

ANN THREAD

MyCryptoBank is an online bank allowing any client registered in the electronic bank system to make a full range of bank operations, additional operations with cryptocurrency (payment processing, debit cards, credits and cheap investment products, use of cryptoassets as credit security and many others) based on Blockchain technology without visit of department. So, MyCryptoBank provides services of client’s remote access to accounts, products and bank services in order to make banking operations. MyCryptoBank offers its clients a multifunctional platform of banking service, which represents a hybrid system combining digital and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity. One account combination allows clients simultaneously using advantages of both types of currencies.

MyCryptoBank offers its clients a multifunctional platform of banking service, which
represents a hybrid system combining digital and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity. One account combination allows clients simultaneously using advantages of both types of currencies.

MyCryptoBank will allow clients to receive and send funds in cryptocurrencies and fiat money, as well as exchanging cryptocurrencies and fiat money inside the bank. With MyCryptoBank it will be possible to create deposits, receive loans and credits. MyCryptoBank crypto acquiring services support all kind of settlements between parties and allows merchants to accept payments in both fiat money and cryptocurrencies worldwide.

MyCryptoBank will represent a typical bank with the whole range of services but loyal to cryptocurrency and the cryptocommunity.

Clients will be able to receive debit MyCryptoBank cards, which clients will be able to use with any ATM, pay in shops, restaurants etc. To conduct transactions in cryptocurrencies there will be virtual cards: Visa, Mastercard and UnionPay. MyCryptoBank plans to install ATMs and crypto ATMs, assisting in cryptocurrency purchases and cash receipts with minimum fees.

What different MyCryptoBank with other platform ?

· Low Fees

Blockchain platform allows to get rid of intermediaries and minimize transfer fees.

· Instant Transfers

The decentralized platform can process more than 100,000 transactions per second and perform operations with a speed of 0.01 seconds.

· No Territorial Limits

Сryptocurrencies do not depend on county boundaries.

· No Currency Limitations

MyCryptoBank is friendly to all fiat and cryptocurrencies. It is possible to store, to pay in cryptocurrencies, to conduct transfers and to take loans.

Featured products MyCryptoBank

· Payment Rings

A Payment Ring is an analogy of contactless cards, integrated into the payment system of the bank and allowing to conduct payments similar to a bank card. To make a payment, it is enough to bring the ring to the payment terminal and the necessary amount will be deducted. It is also possible to pay online: each payment ring has an assigned number, validity period, and CVV code. The rings are durable and waterproof.

· Multi-Digital Cards

A Multi-Digital Card is a full-grade replacement for ordinary plastic cards. They allow you to connect several cards at once: debit, credit, discount, gift cards or even cards to a fitness club, etc. In other words, they can connect to any card that has a BARcode or built-in EMV chip. As Multi-Digital Cards are the same size as traditional cards it is possible to use them for cash withdrawals.

Main Services MyCryptoBank

MCB TOKEN is the central element of MyCryptoBank segment, integrating all components of the fnancial ecosystem. All ecosystem tokens will be issued in the course of the ICO, with no possible additional emission upon ICO completion. The project token is a UTILITY TOKEN, used for internal
functioning of the platform, giving access to defned services, depending on number of tokens, held by the user.

Token details
Token MCB
PreICO Price 1 MCB = 0.2 USD
Price 1 MCB = 0.28 USD
Bonus Available
Bounty Available
MVP/Prototype Available
Platform EOS
Accepting ETH, BTC, EOS, LTC, USD, BCH
Minimum investment 50 USD
Soft cap 3,000,000 USD
Hard cap 100,000,000 USD
Country Estonia
Whitelist/KYC KYC
Restricted areas USA

Token owners get advantages at each stage of project implementation as per the available number of tokens. Crypto bank services are open for token owners on exclusivity conditions, and the
operating fees will be charged depending on the number of tokens owned. For the rest of the clients, having no tokens, the crypto bank will render services on standard conditions. Depending on the volume of tokens owned in the project ecosystem, each investor will be assigned one of the four statuses: Standard, Silver, Gold or Platinum

Roadmap

Team

Conclusion
Great business team but lacking Blockchain devs for such a huge technical project. I am surprise to see COO and CEO's profile on LinkedIn - they at least need to be solid for raising $100M funding project!!
I would say the vision and product is combination of so many things already available in the market and many project tried doing it. Apart from MCB Ring I don't see much innovation in the project but I can see they have made a great progress with MVP of Crypto ATM but it's hard to believe unless some authentic source confirms it.
They have got licences for Virtual currency exchange service and Virtual currency wallet service which were applied and confirmed same day so I don't think they will be able to run Bank using these Licences. Many projects struggling to get these licences and in reality it takes years to get it and also need solid team who can do this.
Couldn't verify their articles as Medium link is broken! I would like find authentic information about this project.
Raising $100M in this market is absolutely crazy! If they really dedicate to this project then I would have expected they worked on their Tokenometric better way and phases wise. I don't see any ROI for investors for this project.