Change bank is now offering ICO , Initial Coin Offering. Initial coin offering or commonly known amongst the Crypto currency enthusiast as ICO. ICO is actually trying to gather funds through crowdfunding by issuing “coin” which is virtual money like Bitcoin. As this is unregulated, many new companies which need funds and investments, they go through this way to gain their needs.
Just imagine the ICO is like stock IPO, when a company sells stocks initially, it is trying to gain some funds and investments for its operations to start. In the crypto currency world, there are a lot of different types of coins or currency. Just like our usual monies around the world, Yen, RMB, USD, EUR. The cypto side has Bitcoins, Ehtueurem, Lite coins ( the more common ones) and of course many others developed by companies which need to obtain funds for their start up. The different thing about ICO and the usual IPO is that it is done online and non regulated. Which means that anyone with the intention to start a company is able to start a coin and get crowdfunding to fund his or her dream.
Change bank is also the same, it is a total new concept of banking minus all the large portion of unwanted staff keeping its admin fee at the lowest and letting consumers enjoy the flexibility and freedom to use their crypto currencies all around the world. You no longer need to queue up the ATM or teller in the bank to do your transactions. You do not event need to have to log on to internet banking to do your transactions, with the Change E wallet and credit card, payment and managing your funds is easier without the administrative fees.
