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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.
For example, we already have the following solutions:
- We have developed our own crypto terminals (ATM crypto) that allow you to buy crypto-currencies for cash.
- We have created crypto-exchange.
- We have a forex trading terminal and have a contract with a liquidity provider.
- We received 2 licenses for working with crypto-currencies + Lei
- We met in the Philippines with the head of the special economic zone and the license for work with the crypto currency.
Rated on Jun 28, 2018
Modified on Jul 23, 2018
Great team and Advisory board. this kind of project the whole world need right now.they already have mvp and everything ready. I really love this project and wish them to get the proper success
Rated on Sep 2, 2018
Great business team but lacking Blockchain devs for such a huge technical project. I am surprise to see COO and CVO's profile on LinkedIn - they at least need to be solid for raising $100M funding project!!
I would say the vision and product is combination of so many things already available in the market and many project tried doing it. Apart from MCB Ring I don't see much innovation in the project but I can see they have made a great progress with MVP of Crypto ATM but it's hard to believe unless some authentic source confirms it.
They have got licences for Virtual currency exchange service and Virtual currency wallet service which were applied and confirmed same day so I don't think they will be able to run Bank using these Licences. Many projects struggling to get these licences and in reality it takes years to get it and also need solid team who can do this.
Couldn't verify their articles as Medium link is broken! I would like find authentic information about this project.
Raising $100M in this market is absolutely crazy! If they really dedicate to this project then I would have expected they worked on their Tokenometric better way and phases wise. I don't see any ROI for investors for this project.
Rated on Jul 18, 2018
Team is looking solid and they have a structure like a big corporate company. However, one thing maybe lacking is having some more blockchain engineers onboard. Overall, decent project.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
Rated on Jul 23, 2018
Team - large team, numerous advisors but I can only find one individual involved in the project who has any banking experience.
Vision - the idea is to create a bank for the crypto-economy that also acts as a fiat bank on a transactional level. This raises many questions. How does the team expect to meet capital adequacy requirements as per Basel III with the majority of assets not being recognised by regulators as capital? What happens when the default levels on loans outweigh those of the token reserves? I really like the idea and think a bank for the crypto-community is essential for large scale adoption, but I think this vision needs revisiting and considering on a deeper level. The idea of creating a bridge between crypto and fiat systems is a noble one, but it's also a very difficult one to balance.
Product - MVP available for crypto-exchange. Looks user friendly and if all other functions are done in such a manner, the transactional aspects should be met with ease. However, the credit and p2p loan system will need more thought and a lot of capitalisation to work out.
I really hope this project can figure out the issues highlighted. If it does, it could become the shining light of the crypto-banking space. Good luck.
Team - large team, numerous advisors but I can only find one individual who is involved in the project.
This is not true. The team has 7 people with experience in the banking sector, 3 of them managed banks or branches.
Vladimir Bronnikov - Vladimir has over 20 years of banking experience.
Since 1997, he has been working in the St. Petersburg branch of Bank Yugra, as deputy director, responding, inter alia, for automation and for the introduction of new technological solutions in the branch. In 2007 he was appointed director of the branch, which consisted of 16 branches in St. Petersburg. Petersburg and the NorthWest region.
Mohanraj Tamilarasu - Highly passionate professional in Cards and Payment Industry with a proven track record of 10+ Year experience in Product Strategy, Payment Application Development / Implementation and Business Analysis. Clearly focused on unlocking innovation through new financial technologies, processes, and business models. Has been instrumental in developing, managing, analysis, compliance and operating acquiring and issuing solutions for close to 50+ Banks /
Processors in India, Africa and GCC regi CPISI - Certified Payment Industry Security Implementer (PCI DSS Version 3.2) ons
Bogdan Venglyuk - Banking professional with over 10 years industry experience. Have higher economic education in finance and credit. Worked in large regional the client base of corporate and retail customers. Have a wide experience in the development of new banking products, risk management and business process optimization. Specialist in financial monitoring and compliance.
Vladimir Kliuev - IT expert with over 10 years industry experience. Have higher technical education in Applied Mathematics and Informatics. Master in Finance and Banking. Master in Economics and Management. Founder of IT company. Specialist in Applied Mathematics and Informatics.
Education: Universidad de Alcalá (Madrid, Spain) - Master in Finance
Benito Elisa -Benito has 12 years experience in the Banking sector of Mauritius as Private Banker for the High Net Worth segment. He has much contributed to the growth of the Banks' portfolio of Affluent clients and has been providing investment advices for many years. Benito also spent two years as an Advisor in Financial Services for the Ministry of Financial Services and Good Governance of Mauritius. During the period March 2015 to February 2017, Benito has been acting as the Independent Director on the Board of the major Insurance Company for both Life and General sector. He was also entrusted by the Board of Directors to act as Trustee for a private pool of.
Benito graduated from the University of Technology, Mauritius in the Banking and International Finance Field in 2010 and completed his Master of Business Administration with specialization in Financial services from the University of Mauritius. Being a Chartered Member of the Lions Club of a local branch [Lions Club International], Benito has been fully involved in Social works activities during the last 5 years the needy.
Naviin Kapoor - He had worked on various banking transformation projects, such as Retail Banking, Cash Management, Integrated Liquidity Management (ILM), Corporate Banking, Asset & Wealth Management, Financial Messaging, Regulatory Sanctions Filtering and Local and International Payment Systems.
Campbell Law - Banking Advisor. Former Vice President Goldman Sachs in the Cayman Islands with 11 years of experience.
Campbell has over 25 years experience in the financial services industry, including banking and trusts, the funds industry, and company.
He has considerable experience working with both offshore and local
business and has specific knowledge with the company set up and licensing, fund administration, corporate governance and regulatory risk management. He is a fomer VP at Goldman Sachs and is currently working on the Cayman Islands in the FinTech.
Vision - the idea is to create a bank for the crypto-economy that also acts as a fiat bank on a transactional level. This raises many questions. How does the team expect to meet capital adequacy requirements as per Basel III with the majority of assets not being recognized by regulators as capital?
We get a banking license for the work of our Bank in the Cayman Islands. In the Caymans, there is no capital control or exchange control. Offshore operations of local banks are relatively free of control and are subject to precautionary measures against money laundering. Banks of the Cayman Islands apply the principles of the Basel Committee on Banking Supervision and comply with the requirements of the G7 Financial Action Task Force. Transactions for large amounts without supporting documents will automatically fall into the questionable section and additional documents will be requested for them.
The income of non-residents received in the Cayman Islands (capital gains, dividends, interest, royalties) will be repatriated without tax at the source. These facts confirm the status of the Cayman Islands as a modern jurisdiction with an offshore status.
To obtain a license, we have our own funds, confirmed from which taxes have been officially paid. In Caymans, the minimum amount of share capital for obtaining a banking license is $ 3,000,000. Therefore, the funds collected by ICO will go to increase the bank's turnover and its liquidity, along with the necessary funds for software development and marketing. Therefore, we here do not see any contradictions with the principles of Basel.
What happens when the default levels on loans outweigh those of the token reserves?
The level of loans granted can not exceed the stock of tokens. Tokens participate in p2p lending and the bank does not take any risks acting as an intermediary between clients. In loans from the bank to customers, we use a risk hedging system, opening on the market simultaneously purchase and sale transactions for the amount of credit in the crypto currency, to protect the bank from losses associated with a decrease in price. It does not matter if the Crypto currency is growing or falling, we fixed its value at the time of issue.
Product - MVP available for crypto-exchange. Looks user friendly and if all other functions are done in such a manner, the transactional aspects should be met with ease. However, the credit and the p2p loan system will need more thought and a lot of capitalization to work out.
In addition to the crypto exchanger, we also have ready-made solutions for crypto ATM. Where you can already now buy and sell crypto currency for cash.
As for p2p credits, our partners and developers of GrafenLab have good experience in this so they have already made such a platform for https://www.karma.red and are developing this system now for us. You can register on Karma and see how it looks.
Thank you again for your good questions. I hope I could answer them.
Rated on Aug 31, 2018
Mycryptobank is a project that will help solve the ongoing problems in the market. The team is large and diverse with multiple advisors which will provide a lot of support as the platform grows. They may still need some engineers proficient in blockchain technology. Although the market is highly competitive, the KYC and MBP provides the much-needed confidence to potential investors.
Rated on Jul 17, 2018
The team and advisory board is experienced, KYC verification. MVP is available and the vision can be successfully accomplished in this competitive market if the whitepaper and roadmap is followed to the T.
Rated on Jul 12, 2018
Strong team Member. KYC Done and experienced Advisor board..
MCB gives complete solution in Banking service with blockchain technology and create multifunctional platform for clients. I love white paper, every information described about this project like finance, token economics, license , legal issues and featured products properly.
Based on EOS platform... New experience.
Have MVP and it's works properly..
Wish them to get the proper success.
Rated on Jul 19, 2018
Seem a very daring project to attempt to do a full scale crypto bank
The among of things that need to be done is huge. But being able to managed both fiat and cryptos in one single platform might provide solutions to many pain points in today fragmented cryptos market.
Vison is 4 because of such a huge attempt there is always risk that implementation can fail. Also the benefit of holding the token seem more or less same as that of monaco and tenx, given that both these 2 fail to perform to expectation. However i do note that tokens can be use for settlement of debts.
The idea i have to say is great, combining many fragmented banking solutions into one.
Product 3: please help me understand how does your system support million transaction per second? is that system already in place or is that still a vision?
Strong team with both experiences in banking and cryptos
In contrast to most other projects that have already conducted their ICO. Our project before the start of sales already, has developed some ready-made solutions from the list of services that we will offer customers in our crypto bank. You can get acquainted with them on our website (Crypto ATM, crypto exchange, in September we will present the bank cabinet). We do not see any difficulties in the implementation of other services, this requires only the means and time for their development.
Product 3: please help me understand how does your system support million transaction per second? is that system already in place?
- We have a specified figure of 100,000 transactions in white paper. Since we are building our EOS-based platform, its developers have announced this possibility in the future, now it is tested and the system allows doing about 5000 transactions per second, which is significantly higher than other protocols and I think that the EOS community and developers in In the near future they will reach the declared figures.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
TeamApply as an advisor
Co-Founder Chief Operating Officer
Chief officer of the planning department
Director of cards and payments department
Co-Founder Chief Financial Officer
Customer Service Strategy Director
Co-Founder Chief Visionary Officer
Investor relations expert
Co-Founder, Chief business development officer
Director of Operations Department
Social Media expert
Chief Operating Officer for the Philippines
Chief Information Security Officer
Director of communications
IT consultant with more than 15 years experience of banking IT
Chief professional consultant
Chief Product Officer
Chief Compliance Officer
Blockchain ICO expert
Entrepreneur, CEO and international speaker on Blockchain, Cryptocurrency and fintech
Advisor. Former Vice President Goldman Sachs in the Cayman Islands with 11 years of experience.
Crypto enthusiast and mentor. Rated Top 5 in People of Blockchain
Scott Douglas (Clary)
Business development Advisor
ViPlat company foundation.
Purchase of Forex trade terminal.
5000 payment terminals installed.
Contract with liquidity provider signed for direct access to interbank market.
Commissioning of own payment system
Development of software – informational complex for
payment processing, with the capacity of 20 thousand
payment processing per minute.
MCB project concept
1 BIT OU Company registered.
Start of the trader personal
Document submitted for
license for turnover and
storage of cryptocyrrencies
and cyber values.
License for turnover and storage
of cryptocurrencies and cyber
Provider of services for cyber values exchange to monetary (fiduciary) assets;
Provider of services
for cyber values wallet.
Completed development and
launch of own crypto-exchange
of ICO Presale.
MVP MyCryptoBank Wallet
(mobile crypto bank).
Implementation of crypto-exchange
Start of MCB trading
Obtain payment license.
EMI license obtained
(license for e-money emission).
Merchant billing system implemented.
Implementation of crypto-terminals with functions of fiduciary money intake and exchange of crypto currencies.
MCB payment rings production.
Start of MCB bank cards issue with the partner-banks.
Implementation of crypto-terminals with functions of fiduciary money intake and exchange of crypto currencies.
Implementation of payment multi cards with optional use as cold crypto currency wallet.
Company partnership in SWIFT.
Implementation of EPC Rulebook for financial operations in Euro zone.
Implementation of technology for users identification by biometrics data.
Broker license obtained.
Launch of currency, indexes and futures trading in Forex market.
International banking license of B type obtained in Cayman islands.
Implementation of MCB crypto-ATM for withdrawal and depositing of fiduciary assets.
Launch of crypto-currency acquiring service.
Launch of Р2Р-loan system in MCB mobile bank.
Receipt of additional license for banking operations with crypto currencies.
Implementation of MCB users crediting in crypto currencies.
Expansion of crypto АТМ network.
Implementation of consultancy and legal service rendering, including taxation.
Start of bank deposits service rendering.