KRYPTOBITS: Blockchain-based Banking

If you asked someone a couple of years ago what blockchain is, they’d probably have no idea what you were talking about. These days, it’s nearly impossible to talk about tech trends without hearing the term “blockchain.” Commonly known as the technology that underpins Bitcoin, blockchain has far outgrown its humble origins. In 2018, blockchain uses range from financial services to gaming and everything in between.

Blockchain offers a potential new era in financial services. Blockchain is transforming everything from payments transactions to how money is raised in the private market. Blockchain ultimately ensures a more efficient, more transparent, more secure financial marketplace. A big question today is how Blockchain will disrupt banking?

Blockchain technology provides a cryptographically secure way of sending digital assets, without the need for trusted third parties-such as banks. The current structure of inter-bank transactions relies on a trusted third party to maintain a central ledger, which is the record of authority. Banks currently need this third party because they don’t trust each other. In the blockchain world, each bank maintains its own copy of the ledger. This is identical in each case and, because it is blockchain, it is tamper proof so everyone knows that everybody else sees what they are seeing. There is no room for dispute or error.

The promise of blockchain as a trustless, disintermediated technology is to disrupt all of that, including:

• Payments: By eliminating the need to rely on intermediaries to approve transactions between consumers, blockchain technology could facilitate faster payments at lower fees than banks.
• Clearance and Settlement Systems: Blockchain technology and distributed ledgers can reduce operational costs and bring us closer to real-time transactions between financial institutions.
• Securities: By tokenizing traditional securities such as stocks, bonds, and alternative assets, the blockchain is upending the structure of capital markets.
• Loans and Credit: By removing the need for gatekeepers in the loan and credit industry, the blockchain can make it more secure to borrow money and provide lower interest rates.

Kryptobits is a banking platform built on blockchain technology that offers both crypto and fiat banking and financial services such as loans, instant fiat exchange, virtual POS for companies and escrow services. Kryptobits aims to provides new financial services in the Blockchain technology in a faster, cheaper and easier way. Kryptobits model is blockchain banking. In this model, all the intermediaries, all the layers, are no longer needed.

Kryptobits creates a banking ecosystem that seeks to address the current challenges that face cryptocurrency market Kryptobits banking ecosystem offers safe and transparent exchange of fund and cryptocurrencies between its users, and accessible to both experienced and beginner traders.

The banking platform is made up of various components that merge and form the Kryptobits ecosystem, include in:

KRYPTOBITS EXCHANGE

The new generation of exchange platform that enables users to trade or exchange cryptocurrency to fiat or to another cryptocurrency. The platform is secure and operates with fiat similar to the traditional banks.
The core features of Kryptobits Exchange:

• Security: The exchange has Cold Wallets, 2FA mechanisms, among other state-of-the-art security features.
• Advanced Charts: Users can have access to advanced charts and visualizations for tracking values. The system also integrates with Trading View.
• Withdrawal of Funds: Users can withdraw funds directly through IBAN accounts or credit card (issued by Montbrun Capital).
• Cryptocurrencies Purchase: Users can purchase all kinds of cryptocurrencies including the most known ones, progressively advancing, and make Kryptobits exchange the largest offering of cryptocurrencies in the world.
• Cryptocurrencies Exchange: Users can perform transfers or exchanges between cryptocurrencies quickly and securely. - Currently, the exchange works with BTC, ETH, LTC, and KTC, adding other cryptocurrencies in the future.
• Airdrops Support: Kryptobits use airdrops that generate trust and are backed by an excellent team of programmers, facilitating the actions of our trusted customers.

KARTO CHAIN

An Ethereum based blockchain runs the internal currency of the platform. Claimed as a third-generation blockchain, the blockchain mainly seeks to improve on the inefficiencies of the current blockchain technology.

MONTBRUN CARD

The Montbrun cards are functional in the Kryptobits exchange whereby they enable users to convert their cryptocurrencies to fiat money. Furthermore, the card enables users to make instant withdrawals and purchases. Using Montbrun Card, users can withdraw money directly from any ATM * VISA / Mastercard.

KRYPTOBITS COINS

The platform works using the Kryptobits Token (KBE), KartoCoin, and the KartoStep.

• KBE is the platform's utility token; it offers token holders the ability to access service available in the Kryptobit exchange and the numerous benefits obtained from using the tokens such as discounts. The KBE tokens will be issued during the token sale.
• Kartocoin is the main current within the platform. It is the accepted method of payment for the services within the platform and offers owners with access to the platform. Coin owners can exchange the coin for fiat or cryptocurreny in the Kryptobits exchange or any other major cryptocurrency exchange.
• KartoStep that ensures the execution of smart contracts within the KartoCoin. KartoSteps are not tradable on crypto exchanges.

KRYPTOBITS TRADERS

The crypto trading system that has unique features and is more efficient compared to the trading systems in the economy today. The Kryptobits trader is also less risky than other systems, as it is more secure and offers investors with more profits. This automation, allow users to invest in R & D actively and to continually improve and develop more automatic "bots" of trading, technical and fundamental analysis, and, to perfect the strategy of trading.

For more information about Kryptobits, you can visit these following links:

Website : https://kryptobits.com/
Whitepaper : https://kryptobits.com/doc/kryptobits-whitepaper-en.pdf
Twitter : https://twitter.com/kryptobitsexc
Telegram : https://t.me/kryptobits

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