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.
To make cryptocurrency transactions in payment system trading networks will be issued virtual cards Visa, Mastercard and UnionPay and mobile services Apple Pay, Samsung Pay or Android Pay will also be attracted. This allows not only paying through standard POS-terminals with PayPass, payWave, QuickPass support and sites, receiving bank cards for payment but also withdrawal or deposit cash through ATM, working with paypass payments. An issue of cryptocurrency debit cards will be also performed offering users simultaneous control flexibility of several cryptocurrencies and fiat money. Debit cards also serve as a comfortable means of payment during travels because in many cases cryptocurrencies do not depend on limits and concrete states due to easy conversion in different currencies. Any debit card is also combined with user cryptowallet and fiat accounts. With the help of online banking any user can make a selection – attach card to the account of concrete currency or traditional fiat account. The card also is suitable for payment of purchases in Internet and offline-shops.
Deposit percents (Bank deposit)
Bank deposit is a sum of money which individual or legal party transfers to the Bank for a specified term in order to gain profit, deposit percentage defines such sum. For clients of MyCryptoBank both express deposits and demand deposits with adjustable or fixed percentage rate will be available.
MyCryptoBank Deposit Advantages:
1. Absence of utilization fee;
2. Fixed Profit;
3. Possibility of deposit in fiat money and cryptocurrencies;
4. Strictly specified deposit term;
5. Insurance of the whole deposit sum;
6. Possibility of cumulative scheme application (fund addition);
7. Comfort in control (on-line application, bank cards etc.);
8. Possibility of decreasing inflationary and deflationary risks.
Basic privileges of MyCryptoBank status holders
1. Each new connected service will be accessible in priority order for token owners with higher status;
2. The higher the status, the lower the transaction fee for exchange of crypto currencies and trading;
3. Issue and service of cards will be done in extended scope;
4. Platinum status holders will have special limited issued payment cards and payment rings;
5. Special credit conditions.
The driving factor for token price increase is the demand for bank services. Together with the increase of functionality and enlargement of the MyCryptoBank system, the number of service users will grow as well. Due to the restricted number of tokens, increase of user counts will result in an increase of the token price. To keep token liquidity and development of the ecosystem at the expense of new partnerships establishment, there is a stipulated development fund in the amount of 15% of the total tokens issued. This fund will be used for payments to partners and clients, being active users of MyCryptoBank ecosystem and its banking products. Use of the fund tokens will promote development of MyCryptoBank crypto ATM chains worldwide, fund tokens will be paid as cashback to the status holders, making extensive use of banking services.