The global financial system is the global framework for formal and informal legal and institutional arrangements and informal economic actors to facilitate the flow of international financial capital for investment purposes. and commercial finance. This system has grown considerably since the late 19th century during the first modern wave of economic globalization, marked by the establishment of central banks, multilateral treaties and intergovernmental organizations. to improve the transparency and efficiency of the international market.
In the 21st century, amidst the uncertainty of trade and investment, amid concerns about the rise of protectionism, the risk of commercial retaliation, and the potential for change in policy. In the United States, the world's largest economy, under the new president, may have an impact on other economies, and the forecasts of major international organizations generally show a cautious optimism. of the global economic outlook for 2017.
In parallel with the traditional market economy facing a recession, a new financial world called Cryptocurrency was formed in 2009 thanks to Bitcoin pioneering the value chain. grade level.
Throughout its formation and development, the Cryptocurrency market is now capitalized at over $ 169 billion and trading volume is $ 5 billion per day (updated on Coinmarketcap). Thanks to that process, the Forty Seven Bank project was born.
The Forty Seven Bank project was launched in 2017 by professionals in marketing, finance, information technology, economics and gaming industry. The Forty Seven Bank project was created to bridge the traditional financial world using physical currency to the world of Cryptocurrency, also known as the world of digital money. The launch of the Forty Seven Bank project will be a major turning point for the global economic market to keep up with the advancement of modernization technology.
Great potential and advantages from the project:
Look at Japan, where Bitcoin is considered a legitimate currency in their country and every commodity is allowed to trade and pay by Bitcoin. Japan is the third-largest economy in the world, accepting assets from the digital money world, and demonstrating to us that the cryptocurrency market is a market. The school is extremely fertile and potential. Not only in Japan, but also some big countries are adopting Bitcoin and studying the world of cryptocurrency to put into operation as traditional economies such as USA, UK, Finland, Netherlands, Canada, Australia, etc. At this time, the potential for development of the market is infinite and means that the development potential of the project is also infinite.
With the rapid development of the technology known as the block chain, there has been a revolution in technology. Since then, the great minds, the people who bring with them the aspiration and aspirations from all over the world, have created countless projects with distinctive new technologies. But apart from Bitcoin and the smart contract created by the Ethereum project, so far no project has the capacity and vision to create a strong link to connect everything together. . Forty Seven Bank will be the next generation to follow the previous two men and will probably outperform in the near future, because the Forty Seven Bank project will be the pioneer in developing a compliance system. PSD2 is integrated with smart block and contract, API with biometric technology and artificial intelligence technology. In addition, the Forty Seven Bank project will offer unique encryption products such as bonds, futures and options.
The best thing to do and give investors confidence is the Forty Seven Bank project registered in London, UK :
"The UK government and regulators have had favorable conditions for secrecy terms and other digital asset initiatives. London itself is also a major financial center, allowing access to a significant share of foreign exchange in total foreign exchange in the world. Precisely because of this it may be drawn an assertion that London could provide a solid basis for the claims of the cryptocurrency service and its progress.
The Forty Seven Bank team has been successful in developing financial technology products and completing their legal registration process within the framework of the UKA's legal framework. "
Not only that, the financial market trend will have a big change next year that is the centralized market going to the decentralized market and has been applied by the European Commission (PSD) with PSD2 and captured Forcing financial institutions to grant access to their other products and services through the Application Programming Interface (API). Successful integration of this directive will create a single market for trading and transactions, and will bring investors closer to digital assets. For more information please visit the following link :
https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view
The main objective of the project is to :
The Forty Seven Bank project will attract financial partners through its Forty Seven Bank-Cryptobonds project. The main objective of the Forty Seven Bank project is to create a market where the project will hold a key position in both the short and long term. Cryptobonds will be traded on different exchanges but mostly in one of the trading platforms developed by the Forty Seven Bank project.
The financial and utility products and services that Forty Seven Bank projects can bring to individuals, organizations, etc :
In addition to the constantly growing financial market, the concerns that investors are always concerned about are the confidentiality of information and personal property. The Forty Seven Bank project will ensure that individual investors, businesses, financial institutions, governments, etc. have the absolute confidentiality of information and property owned by the Forty Seven Bank project itself. built-in by block chain technology from Bitcoin and ETH intelligent contract. The Forty Seven Bank project will also bring unique innovations through state-of-the-art security technologies and services that provide a safe and friendly environment for investors. Forty Seven Bank will allow investors to trade digital assets quickly, safely and conveniently.
Today, there are so many fundraising projects created without any strict control or management, which leads to many investors having trouble or not. want. The Forty Seven Bank project will solve this problem by testing, evaluating open source and giving an evaluation for that project. The Forty Seven Bank project will support projects with margin and smart contract development that will provide clients with the opportunity to address all legal and accounting issues through the bank's services. and legal consultancy services in the country.
- Forty Seven Bank project for individual users :
Forty Seven Bank will implement biometric technology for banks, so customers can be assured of fast and secure transactions. This technology is one of the most advanced security technologies today that large banks often use for their security systems. Each person has a unique biological trait, personal biometric data with facial features, retinal images, voice will be combined by software to generate passwords for Electronic trading, the method is "multi-factor biometric technology." The evolution of this technology has changed the traditional security tools from fingerprinting and paper-based scanning to digital scanning and archiving. This is considered to be the most effective personal authentication tool that is widely used still to be fingerprint identification by its unique and stable characteristics and so far, fingerprint recognition is still considered One of the most reliable biometric methods.
"As soon as customer information has been fully determined and additional subscriptions are made in the completed activity database, customers will be able to access the following services provided by Forty Seven Bank: IBAN, access to electronic security wallets and credit cards, credit and debit cards, personal and travel insurance, loans, access to the Forty Seven Bank application platform with a variety of applications. brokerage and investment services, etc. "
2. The Forty Seven bank project can also provide individual customers with invoicing as needed. In the crytocurrency world there are several projects that build this billing platform independent, but the Forty Seven Bank project has been able to integrate and provide this service to its customers.
3. The Forty Seven Bank project allows customers to borrow and deposit money in digital currency and cash.
4. Individual investors can create their own portfolio through the services and brokerage provided by the Forty Seven Bank project.
5. The Forty Seven bank project will launch products such as insurance, payment, money transfer, cash withdrawals through smart ATMs developed by the project and ATMs from its bank partners. along with some other useful products.
- Forty Seven Bank Project for businesses :
The Forty Seven Bank project will provide services available through the API for ease of management through smart contracts or customer applications. The project allows the creation of autonomous business entirely thanks to full API access to the project products and all their functions.
E-commerce is the purchase of products or services on electronic systems such as the internet and computer networks. E-commerce is a very good tool to assist businesses in actively searching for customers and trading online. With the service that Forty Seven Bank has developed, businesses can actively seek out customers around the world, and businesses can reach out to all potential customers, anytime, anywhere. In addition to reaching customers, Forty Seven Bank also offers online payment services on websites, platforms, applications and games that are easy to use. The Forty Seven Bank project will assist businesses in paying traditional cash through credit or direct debit portals. In addition, businesses will be able to accept payment in digital currency with the support of the bank and at the same time the bank will support the provision of efficient and convenient invoicing services.
Through a smart banking deal that manages and secures corporate invoices, the Forty Seven Bank project will provide businesses with solutions to their options for short-term and long-term growth. long term to expand the market and profit growth. The bank will integrate artificial intelligence to help businesses build a portfolio of customers' credit risk. In addition, the Forty Seven Bank project will provide services to businesses seeking access to financial resources through the ICO fundraising event. The service will include legal assistance, collateral arrangements, and support for converting the equivalent digital currency into cash.
- The Forty Seven Bank project approached traders :
For traders, the management of the account and the superiority of each function on the trading floor is very necessary. At present, there are many large and small trading floors operating in the market such as Bittrex, Poloniex, Bitfinex, etc ... but all of them do not fully support the functions required for a trader. or even personal security verification takes a lot of time. Recently a series of accounts on the Bittrex trading floor has been locked out function and asked them to verify the identity suddenly, causing them to surprise and cause no loss to traders or even There are people who have sent confirmation requests but not accepted. The Forty Seven Bank project has improved most of the unplanned events that have occurred on other exchanges and the Forty Seven Bank transaction platform is also linked to the bank.
The transaction platform of the Forty Seven Bank project allows users to track and access transaction reports, using the escrow trading feature as other conventional trading platforms, facilitating compliance. Market analysis and performance analysis to help traders get the most accurate and optimal analysis. In addition, merchants also experience the transaction platform of the Forty Seven Bank project that is integrated on smartphones with full features such as: exchange of assets, options, foreign exchange, and both futures contracts.
The Forty Seven Bank project is capable of providing everything a trader needs for his or her operations, enabling them to easily acquire and capture the market in a timely manner. In the future, the foundation that the Forty Seven Bank project will develop will be of great interest to small / midsize investors along with financial institutions around the world. Supply and demand are the source of great growth for the Forty Seven Bank project.
The Forty Seven Bank project utilizes the most advanced financial technologies to build the foundation:
Smart contract :
In 1994, Nick Szabo, a law scholar who was also a participant in the digital money industry, realized that it was possible to use a power of attorney for a smart contract or a different name. automatic co. In this format, the contract can be converted to computer code, stored and copied, and controlled by the computer network running the block technology. This also affects the general ledger feedback such as money transfer or product / service receipt.
The Forty Seven Bank project was built on the basis of the ethical contract of Ethereum (ETH). This contract will help you to transfer money, assets, stocks or anything of value in a transparent way while avoiding third-party involvement. The easiest way to describe a smart contract is to visualize the technology as an automatic vending machine. Often you have to look for a lawyer or notary, pay them and wait for documents, receipts. But with smart contracts, you just put an ETH into the vending machine (the ledger), and anything you ask for will be returned directly to your account. In addition, smart contracts not only verify the same terms and obligations as traditional contracts but also automatically enforce them.
In addition, the project has created a FSBT coin that integrates the ERC20 tag from Ethereum's Smart Agreement for use as a project asset in exchange, purchase / sale in the pre-mature market. digit number.
Block series :
The original definitions were written by Satoshi Nakamoto in 2008 and found in Bitcoin's source code published in 2009. The chain-nature is a shared transparency ledger that many users have. Tracking and co-management. Whenever a Bitcoin is spent, a transaction is created, users can find the details like the payee, the receiver and the Bitcoin amount of the transaction. The chain is a revolutionary technology in the financial industry and has the highest level of security anonymity. Forty Seven Bank has captured the times and adopted this advanced technology into the transaction platform of the project.
With anonymity, the person performing the transaction will not be hijacked by the attacker and will ensure that the person conducting the transaction can not be searched for identity, transactions will become safer. ever.
API technology:
API is currently the core element in software development and has been regarded as a method of developing specialized platforms such as Microsoft Windows for decades. The good infrastructure and applications that have made companies powerful several decades ago are being broken down and distributed widely to programmers. This is due to the small features and services that can be easily inserted into more complex applications. As a result, developers have been able to focus their efforts on building unique features that make their applications different and add extra features to their larger products through API code snippets.
The Forty Seven Bank project uses API technology to create a variety of services to meet the needs of every customer. Forty Seven Bank will provide payment services for businesses and merchants to process online payment requests for customers. The Forty Seven project will meet the needs of internal payments through the service the project provides. In addition, the API developed by the project will launch financial applications through the app store. Not only that, Forty Seven Bank project also launched many other services through advanced API technology, to know more services, technology that the project provides please visit the following link. : https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view
Project Development Team :
Forty Seven Bank is a project of gathering people with passion, with the ability to see the potential market in the future and the desire to innovate the traditional financial market to accept the money market. Digital money has brought those ambitious people together and created a great project. In addition, the project has received the support of experts with many years of experience in finance, technology and services and they have accepted to work as consultants for the project.
With the tremendous backing of financial experts and enthusiastic people, along with the services and technology that the project evolves, the Forty Seven Bank project has a huge future awaiting. Get ahead and the scale of the project is not trivial. The Forty Seven Bank project will create an innovation in the financial world that will connect both traditional markets and the cryptocurrency market. At present, there are no projects capable of building foundation, supply and development projects like Forty Seven Bank.
The Forty Seven Bank fundraising event will be divided into two phases: Pre-ICO and ICO. In these two phases FSBT coins issued by the Forty Seven Bank project will be sold to investors to raise funds for the project.
- Pre-ICO: will begin on 30/10/2017 (15:00, GMT + 1) and ends on 06/11/2017 (23:59, GMT + 1). As soon as the investors participate in the project, 30% will be awarded.
- ICO: Fundraising Phase 2 takes place on 13/11/2017 (15:00, GMT + 1) through 11/12/2017 (23:50 GMT + 1). At this stage investors will only be rewarded with 15% bonus and will be reduced by the milestone.
- The price for each FSBT coin is: 0.0047 ETH.
In the pre-ICO fundraising phase, the project only accepts investment by ETH. At the second stage (ICO) the project will accept payment with 2 pennies as ETH and BTC.
For more information please contact the link below :
Website : https://www.fortyseven.io/
White Paper : https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view
Telegram: https ://t.me/thefortyseven
Twitter: https ://twitter.com/47foundation
Facebook : https://www.facebook.com/FortySevenBank/
Author : (aizkicaumania)
https://bitcointalk.org/index.php?action=profile;u=1123133
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