Block-banking has been winning the hearts of the holders of crypto currencies for several years and today, we begin the review of another player on this field - the Entry project . That's just this banking solution will be slightly different from the previous ones. What exactly, find out next!
Full set
Having looked at the site of the Entry project, you can notice several noteworthy things at once. Firstly, a powerful team from around the world is working on the project. We did not see such a large team in any project, the review of which we had to work on. But this can also be explained by the second noteworthy, which characterizes the project - a multicomponent.
Looking at the volumetric team, we can assume that the project will have many functional units. And this is true! Entry consists of:
- Entry. Money - a service that provides stable crypto-currency payments in Internet shops and other network services. Its essence is that the crypto currency can be paid much easier than it is now.
- Entry.Exchange - as the name suggests, the exchange for currency exchange.
- Entry.Bank - performs a number of banking functions that are necessary for full comfort in use.
The bank's initiative on the blockbuster is a real trend in the world of financial technologies, and we have already made sure of it. One of the advantages (but not the only one - we will still have time to discuss everything) of the Entry project is that they decided to fulfill all the client's requirements to the service, which will act as a tool for calculating crypto currency in the network.
Why the block-bank?
Blocking is gradually being introduced into all spheres of our activity, and especially, it concerns finances. One by one, solutions appear in the world that make payments and other transactions more transparent and stable thanks to a distributed registry. Moreover, modern acting banks and financial institutions are also beginning to study or use detachment for their own purposes.
This is not surprising, because the block, as the foundation for building the bank has a number of advantages, including:
- Security. And, using the block-bank-bank, you are protected not only from intruders, but also from interference of state structures in your financial activities. No one can cancel or block a payment if it is initiated by the eligible party. In the case of an ordinary bank, the state not only can monitor your operations (and, therefore, with a skilful approach, an attacker), but also freeze accounts / prohibit an action.
- International payments. If in the case of transferring funds to a bank account that is located far beyond the country in which payment is initiated, it is likely that it will take a long time, as well as a lot of money. The nature of blocking is such that the transfer of funds is something, very much like changing data within a single table file. Therefore, when you transfer funds using block-banking, it takes only a few minutes in the worst case. But this does not end the advantages of the block-bank for transferring funds abroad. Thanks to the use of crypto currency, neither for the sender, nor for the recipient, does any role play what currency is used in their countries. They do not need to lose their money on convertions.
- Price. Yes, you can certainly say that now, you are transferring money to your friends with a minimum commission or completely without it. But, first, you use one banking system, and secondly, all payments go through relatively small amounts and within the same country (again, the advantage for international payments). The matter is that the block-bank does not need to maintain a huge team of personnel in order to maintain the stability of the system. Here everything is decided by technology and software, and the team is engaged in its improvement.
And whatever the opponents of the blockade and crypto-currency say, even a quick glance at the technology makes it clear that very soon all banking will work on the detachment - users themselves will want this level of security and comfort. And for business it is unacceptable to default to your customers.
On this, we end the first part of our description of the Entry project and invite you to get acquainted with it further. After all, you will find out how the decentralized bank and the suppliers of goods and services will cooperate , which need the advantages of calculating in the crypto currency.
Website | ANN | Facebook | Twitter | Telegram Group | Linkedin
bakso.super
Profil link : https://bitcointalk.org/index.php?action=profile;u=1785483
ETH: 0x0A39Baaa338F9F1f5f5b4e52f82095d0dD7c94D8
Kommentare
Kommentar veröffentlichen