In terms of currency, we’ve seen the world make some pretty big changes right from the beginning of time. At first, it was the trade by barter system which allowed for exchange of products of same value. This system of exchange was quite problematic as some items were simply not divisible. This most times led to an imbalance in the satisfaction of the parties involved. The world evolved and started using money, a type of exchange that facilitated the smooth transaction and purchase of goods and services. Fast forward years later, the internet came up and the world of financial tech was originated. It still however dealt with fiat currency.
The next big disruption which many predict will make that huge change in the world’s currency is cryptocurrency. It was introduced in 2009 and has gained widespread adoption in such a short amount of time due to its technological nature which goes in line with the tech-inclined population we have in the world. With the advance of each currency, we have had major problem plaguing each being solved. One of them includes the divisibility of money that plagued the trade by barter system. Fiat became conveniently divisible but with a few issues to it. For example, buying something in a shop would require you to get ‘cash change’ which when not available could pose a bit of problem for both buyer and seller.
Cryptocurrency solves this problem. One can argue that with the introduction of financial tech, items and services can be paid for according to their exact values. However, FinTech doesn’t solve the issues of international and local banking restrictions and allow for transparency of all transactions made.
With the mass adoption of cryptocurrency set to be integrated with the traditional financial world, issues will arise. With a market capitalization that cryptocurrency potentially has to offer, there will be a need for a service that a traditional bank provides. ENTRY is aiming to become that bank that the cryptocurrency world needs it to be.
ENTRY is a platform that is imparting all normal banking services onto the Blockchain. Services like lending, deposits, payments, ATM withdrawals and also serving as a cryptocurrency exchange. ENTRY is an existing company and have offices in the UK and Lithuania with a team of over 100 members. They have one solid aim; to be that line that one can use to cross from the traditional financial world into cryptocurrency and back. With ENTRY, using cryptocurrency side by side with fiat will be made possible. ENTRY has a strong vision for the change they’re bringing to the financial world by,
• Keeping transparent records of all transactions the ENTRY ecosystem. The blockchain is based on decentralization and transparency and as a result, it would only be responsible for a future bank with this type of vision to set the standard.
• Expanding the use of cryptocurrencies around the world. A currency is meant to possess purchasing power. ENTRY wants to achieve this in its bid to become the world’s leading cryptocurrency bank. One of the first case uses for the purchasing power of crypto will be the buying of items from online shops and stores. The very best of places to allow for penetration of crypto is the world where technology, the driving force behind crypto, is prominent. And technology is the bedrock of E-commerce, so, adoption of cryptocurrency for purchase of goods and services will be easier there.
• Opening up the world of crypto-finance to every human in the world. A lot of people in the world still don’t use banks because of its strict regulations and lack of trust. People without banks are a majority and will tend to adopt crypto faster. However, some of the un-bankable population aren’t tech savvy and once they get introduced to the financial part of cryptocurrency need to understand in the simplest way they can. ENTRY will allow for a user friendly interface easy to understand for beginners.
ENTRY ICO
The Entry Token, ENTRY, is an ERC20 based token and will have a total supply of 590,000,000 tokens. The soft cap to be reached is 2,500,000 euros and the hard cap to be reached is 80,500,000 euros. Only 325,000,000 ENTRY tokens will be available for sale during the ICO.
To get more information about ENTRY, visit the links below
Website: https://entry.money/
Whitepaper: https://entry.money/ENTRY_Whitepaper_v1.pdf
Telegram: https://t.me/Entry_Official
ANN Thread: https://bitcointalk.org/index.php?topic=3229958.0
LinkedIn: https://www.linkedin.com/company/entry-money/
Twitter: https://twitter.com/EntryMoneyICO
Author Username: DJHaywire
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2037035
