The first cryptocurrency bank — European Crypto Bank
Today I want to introduce you the future of crypto bank, European Crypto Bank (ERU). This is not just a startup in the field of blockchain, it is a full-fledged structure that should combine the convenience and novelty of cryptocurrency settlements with the tradition and familiarity of fiat funds. Banking structures are the foundation of the financial sector, and the appearance of such a project is not just a step, but a leap forward.
Features and objectives of the European Crypto Bank
European Crypto Bank is the world’s first bank and a trading platform in one person for performing cryptocurrency transactions and securing investment in crypto assets. European Crypto Bank is the result of 10 years of research in finance, cryptography and IT and the merger of three companies: FORGUES GESTION France, FORGUES GESTION UK and WOOSPEAK. It is also a bridge between three cities.
The exchange platform and the operational center are planned to be launched in London, which continues to be an important financial center of Europe, despite its withdrawal from the EU. The Center for Innovation and Research will be located in Paris, and the global tax department in Milan. The management of all three funds is entrusted to a single center — the ERU team, which will monitor tax compliance and quality of work, forecast risks, use the capabilities of artificial intelligence to combat money laundering and proper identification of KYC.
What exactly does the European Crypto Bank offer? He wants to facilitate the process of converting crypts into fiat and investing in crypto assets. After all, now there are crypto-currency portfolios for almost every far-sighted investor, but there is a catastrophic lack of tools for how to manage them with a minimum of risks.
To solve this problem, European Crypto Bank proposes to create an exchange platform (multilingual, which is important) for secure cryptocurrency exchange with KYC software (for high-quality personalization) and AML (to counter money laundering).
European Crypto Bank plans to become the leading financial institution for the management of crypto-currency assets with a private type of service and private banking with a daily turnover of 8 trillion euros. In order to become a necessary link between traditional and crypto-currency banking, the ERU team gives itself 4 years.
What can I do with the help of European Crypto Bank?
The main technical document of the European Crypto Bank lists such a list of basic services (may be modified and supplemented):
loan and exchange of crypto-currency (Bitcoin, Ethereum, Litecoin, Ripple, Dash and others) and fiat (euro, dollar, pound sterling) funds;
financial advice and assistance in the management of crypto assets from analysts and AI;
personalized tax advice (bank advisors can be your tax representatives all over Europe).
In addition, a personal automated assistant is available to clients of ERUs, as well as data from analyzes, studies and forecasts that help to effectively manage their assets.
financial advice and assistance in the management of crypto assets from analysts and AI;
personalized tax advice (bank advisors can be your tax representatives all over Europe).
In addition, a personal automated assistant is available to clients of ERUs, as well as data from analyzes, studies and forecasts that help to effectively manage their assets.
The European Crypto Bank project
The first cryptocurrency bank in Europe runs in several stages, now the second of them is being implemented:
The first cryptocurrency bank in Europe runs in several stages, now the second of them is being implemented:
Stage 1: from 1 to 15 February 2018, the price of the token ERU = 0.409 euros;
Stage 2: February 16 — March 9, price: EUR 0.5355;
Stage 3: March 10–31, price: EUR 0.567;
Stage 4: April 1–22, price: EUR 0.588;
Stage 5: April 23 — May 1, the price of 0.63 euros.
BTC, ETH, ETC, LTC, XRP, DASH, BCC, Fiat, and money orders are accepted for payment. Issue of tokens will take place after the end of ISO, namely on May 4, 2018. We draw your attention that the project’s tokens are represented in two interconvertible types: I and S. More detailed information about them is provided in the WhitePaper project or on its official website.
Stage 2: February 16 — March 9, price: EUR 0.5355;
Stage 3: March 10–31, price: EUR 0.567;
Stage 4: April 1–22, price: EUR 0.588;
Stage 5: April 23 — May 1, the price of 0.63 euros.
BTC, ETH, ETC, LTC, XRP, DASH, BCC, Fiat, and money orders are accepted for payment. Issue of tokens will take place after the end of ISO, namely on May 4, 2018. We draw your attention that the project’s tokens are represented in two interconvertible types: I and S. More detailed information about them is provided in the WhitePaper project or on its official website.
The platform tokens are distributed as follows:
public sale — 51%;
company reserve— 24%;
project team — 20%;
consultants and PR — 3%;
bounty — 2%.
company reserve— 24%;
project team — 20%;
consultants and PR — 3%;
bounty — 2%.
Conclusion: the main advantage of the new project of the financial sphere of ERU is the great experience of the international team and the availability of working products. Therefore, one can count on the fact that it will be successful, and really simplify the “relationship” between fiat and cryptocurrency assets.
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