Every third person in the world practicing digital activity is a constant user of FinTech-services
now. So, FinTech as the future of finances does not look like any speculative scenario any
more. Recent data demonstrates double-digit growth of technology adoption in the last 18
months. Countries and industries leading in 2015 only increase its share. The sphere of money
transfer and payments is most actively developed. According to FinTech Adoption Index
2017 study, out of 22 000 people interviewed in 20 countries 50% use services for making
payments and transfers and 65% are going to do it in the future.
The globalization of our planet leads to globalization of relations among its whole population.
Today, the demand for digital money is very high. «Internet digital currency» is safe, based
on the internet, accessible currency, assisting all people without bank accounts in getting access
to funds and also allows making fast and cheap transfers of funds without any geographic limitations.
Smartphone popularity in developed countries and speed of its expansion in developing
countries permit such companies as MyCryptoBank to offer services of full platform of banking.
We can use it having only a smartphone and debit card.
The popularity of digital banking in the world does not slow down. Comfort, speed and safety
— are not only additional advantages for users, they are standard requirements in modern relations
“client-bank”.
One of the directions determining the future of bank business, is banking based on blockchain
technologies. This technology is much faster, more efficient and less fallible, than traditional
automatic clearing house (ACH). Blockchain can save time and money for banks and make payments
practically momentary for users. However, the decentralized nature of blockchain significantly
troubles the performance of any fraudulent and criminal operations.
Smart-contracts are one of the most interesting elements of blockchain banking. These
Smart-contracts allow users changing money, shares and other assets in safe and non-conflict
way. Like a traditional contract, smart-contract defines rules of agreement and penalties for its
performance. However, the most important thing is that this smart-contract automatically fulfills
the compliance with obligations.
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.
The number of companies offering its services online increases while implementing IT-technologies
in daily life in the whole world
