As many of my followers might know, I am a big fan of the Larimer trifecta (Steem,EOS,Bitshares). When I heard that Arisebank had teamed up with Bitshares I knew something big was gonna be just around the corner. Arise currently have an active ICO that you can take part in here:
This post is not meant as investment advice, do your own research before investing!
AriseBank aims to become a next generation decentralized banking platform. They have been making some strong moves lately to make that vision into a reality. Recently AriseBank announced that they had begun the process of purchasing a 100 year old FDIC-Insured bank, as well as a 25-year old investment bank! These acquisition is what will enable AriseBank to offer their costumers debit/credit cards & aTM services. Unlike traditional banks Arise will never actually touch any of your money. They will be launching a whole bunch of different services like aCard, aEx, aTM, aIExchanger, aTransfer & AriseID. I will touch on two of their services in this post that I personally feel might have a big impact on the growth of the Bitshares platform as well.
AriseID is a verification platform that leverages blockchain technology to be able to verify your identity without ever revealing who you are to anyone. Arise originally created this system to be able to comply with "Know your customer" (KYC) requirements. They will also be launching a mobile application with AriseID, with the goal being to make the verification and login processes as easy and intuitive as possible.
Arise's ID system is built on top of Bitshares usernames!
Arise will be launching their own physical VISA card, as well as supporting NFC payments trough their smartphone app. The service is marketed as a 'zero fee' service. According to their webpage fees will only be applicable to aTM withdrawals and international purchases. It will be possible for costumer to fuel their aCard's with any of more then 700 different cryptocurrencies like Bitshares. 2500 cards was made available online as a part of a limited first run offer for 199$. All of their initial cards are unfortunately already sold out.
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