The need to store value for future use has been a criterical need for a man, hence the introduction of gold, paper money and other substances as a store of value. Due to modernization, centralized bodies are known as banks were form to store value and provide other financial services.
Banks are vital to individuals, organizations and governments all over the world, we all depend on them for various financial services, but like any centralized body, banks are plagued with problems that are inherent to centralization.
Firstly, the faith of banks lies in the hands of governments, they make policies that define their operations, fiat currencies alike, their rates are determined by governments, another notable problem of banks is poor security, as banks usually go into distress because of hackers, as banks are enticing targets to banks, physical security is also a problem for banks in developing countries as banks are physically robbed and billions are taken away.
Banks and bankers also carry out some fraudulent activities on individuals accounts, irregular deductions, and excessive charges of customers, most times these activities are overlooked, and it takes hiring expensive professional auditors to bring them to book.
Banks also give little interest on savings and deposits and charge exorbitant interest on loans, their interest rates are unhealthy to borrowers on one hand, and too small to lenders as most of the profit is held by them.
Another very significant problem lies in the fact that because of climate, social-economical, geographical and political factors a significant number of human population remains unbanked thus lacking financial services.
The banking industry is due for disruption and just as Satoshi revolutionize money in 2009 and Bitcoin is currently the 7th largest currency in the world, The BITEBOSE project will disrupt the banking industry.
WHAT IS BITBOSE
Bitbose platform is a blockchain based platform for providing vital financial services. The Bitbose platform is more than just a bank, as it consists of other components like exchange and smart portfolio.
Bitbose uses AI system like machine learning to determine the eligibility of borrowers, due to the personal credibility the loan is assigned thereby ensuring only credible people receive loans. You can take loans and use your cryptocurrencies as collateral thereby attending your immediate real life issues without missing out on the potential growth of your crypto.
BITBOSE EXCHANGE
Bitbose exchange is not just like any cryptocurrency exchange as it has unique features, it connects to order books of other exchange hereby ensuring optimal exchanges rates of various cryptocurrencies as well as better liquidity. It also enables future trading and margin trading. The features of Bitbose exchange are not available in any other cryptocurrency exchanges.
The Bitbose token is the currency for the platform, it will be used for payment of fees and commission, you still have the opportunity to get the bitbose token at discount.
CONCLUSION: Bitbose has better features than any traditional bank or cryptocurrency exchange, with bitbose, there is minimal human involvement, it is a trustless system, no intermediaries no hassles.
STAY CONNECTED:
WEBSITE: https://www.bitbose.com
TELEGRAM: https://t.me/bitbose
MEDIUM: https://medium.com/@Bitbosecoin
PUBLISHED BY: OGHENEJIVWE PATRICK
Bitcointalk Username: Jivwe
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1718700
Eth Address:0xAE0bc183fF3dfd2022142c2E914CD55D56EDA438
