Do you know what digital currency is? You’ve probably heard the name Bitcoin. Bitcoin is the world’s first digital currency also known as cryptocurrency, virtual asset, or crypto assets. The price of Bitcoin varies a lot within a few minutes. It goes from a few to thousand dollars within no time. Currently, 1 BTC= >$10,000. All over the world from business tycoons to brands to students. The new online payment method for brands is cryptocurrency. From wall street investors to Fortune 500 companies, everyone is getting into the world of cryptocurrency and buying Bitcoin. So, cryptocurrency is an open, decentralized, and permissionless currency which works on a dispersed record called “Blockchain”. But what Blockchain means?
Blockchain is the platform over which cryptocurrency operates. It acts as a dispersed ledger and records all the transactions in real-time and publicly. But it does not show the detail of the party whose transactions are displayed. So many participants are involved in blockchain who connect through cryptography and assure that only verified and correct data is processed. In other words, we can say that blockchain is the core technology that practices and safeguards your cryptocurrency transactions. Now, it would be easy for you to learn what Crypto Banks are.
Crypto Bank is a platform that deals with virtual assets and manages them on a much deeper level. The banking system allows its clients to purchase, sell, and hold digital currencies with an efficient and easy method. Crypto Banks is a Blockchain, and Artificial Intelligence (AI) centered innovative FinTech key. The protocols of the communication world are going to be upgraded with Crypto Bank. The sole purpose of the project is not only to serve with these virtual assets. The other banking options which make their users to standalone, and only provide their users with crypto wallets, Crypto Bank is an officially registered bank. It comes up with a federally insured banking account and provides the service of a debit card and retail banking to its clients along with wallets. It works in a very similar way to conventional banking which does hold stocks and money for its customers and investors. But on the other hand, it is much better than that of traditional banks. The reason is crypto banks are decentralized, which makes them unbiased, more reliable, and secure, as no human interaction is directly involved.
The pioneers of crypto banks are Coinbase, Wirex, and Bitwala. They were the first ones who offered crypto banking services. But now, there is a long list of institutes and companies which are offering these services to crypto traders, the reason is the world is evolving so is the old financial trading.
What is the mission and vision behind the Crypto Banks?
The main mottos are to give banking solutions to the unbanked community, introduce the public to the crypto economy, and convert the unused virtual assets to the real economic world to make daily activities easy. So, they built a blockchain-based website and mobile application. As Bitcoin is one of the most famous cryptocurrencies. Several platforms are offering Bitcoin trading with a lot of profit and use. The Bitcoin Profit app is one of those official websites. this is your key to a profitable opportunity to get into the world of cryptocurrency and earn from the ease of your home with only a few taps on your mobile phone.
Just your twenty minutes are used to set up your Bitcoin Profit app. In those 20 minutes, you’ll set your trading parameters and the remaining work will be done by the application. But how? The Bitcoin Profit app is automated and uses Al. the trading robot does trading on your behalf. You’ll have to simply make a free account on it and deposit your initial investment which is of minimum $250 and boom! Your trading will start. The application is not a scam. It would not charge you a single penny for opening the account and even no hidden charges are applied. The money, you’ll deposit can be withdrawn anytime with your earned profit. You’ll not face any hindrance while using it. A high level of accuracy in determining and analyzing the trading algorithms is maintained by the software. A step-by-step guide is given on the homepage of the application. You can download it on your phone or laptop. No prior experience is required for it. The reason is automation. As far as the concern is of how much you can earn or make per day it totally depends on the trading goals set by you and solely your trading parameters. There are a lot more features and characteristics of the Bitcoin Profit app. If you want to learn more about this, here you can read more about this.
What are the famous features and services offered by Crypto Banks?
- Trading by Artificial Intelligence
- Digital Wallet
- Crypto Exchange
- Insurance related to Crypto
- Retail banking system
- Easy conversion of Crypto Fiat and Fiat crypto
- Custodial solutions and services of crypto
Famous services by Crypto Banks include
- Secure and simple management of cryptocurrency
- Convenient in managing both online and offline payments with easy use the procedure
- Assets can be managed easily in three easy steps; inquire about a virtual asset, check the real-time price, and make a transfer
- There’s an option of friend adding by which you can easily send your currency to different exchanges.
- Free of cost pay your bills at stores via two-way QR payment
- Availability of intact payment
- Safe payment services are being done by the two-way encryption security system and double QR technology
- There’s a system of three steps authentication of identity
- Easy password
- Biometric information
- The two-way security system which is end-to-end encrypted keeps your personal information and assets safe. It does it by distributing the encrypted key of the user into a locker and key systems and storing them in multiple places.
- It is a global platform that deals with multinational companies and users.