Bankera is building a digital bank to last for the blockchain era. As a traditional bank, Bankera's services fit into three groups: payments, loans and deposits, and investments.Banking
|Start Date||27 Nov 2017|
|End Date||27 Feb 2018|
Digital technology has changed the face of finance. Most notably, perhaps, the birth of Blockhain has enabled us to digitalize money via cryptocurrencies such as Bitcoin. There have been many attempts to apply Blockchain technology to revolutionize other finance sectors. However, so far, most FinTech companies have been focusing only on a certain niche (e.g. remittances or lending) as they cannot take advantage of economies of scale enjoyed by traditional banks. Traditional banks, although have the funds, are not as fast at adopting new technologies as they are held up by legacy systems.
Bankera aims to revolutionize banking by taking advantage of what blockchain technology has to offer while still focusing on scale. This means that Bankera seeks to become one-stop store for all financial services, in the same way traditional bricks and mortar banks are now, while using technology to reduce the number of counterparties, thus lowering the cost of banking for the end consumer. Adoption of blockchain technology will also allow Bankera to offer new and unique solutions to its customers.
Bankera will offer three core lines of services:
Status Quo of Bankera
Bankera will be operational and will have significant IT infrastructure in place prior to the initial coin offering (ICO).
Bankera already has the necessary regulatory and IT arrangements to offer individual international bank account numbers (IBAN) which can accept and make payments in the Single Euro Payments Area (SEPA). Bankera also offers competitive foreign currency exchange rates, quick and cost effective international bank wires as well as having the “Bankera Payment Card” linked to cardholder’s payment account.
All of these services can be tested at SpectroCoin, cryptocurrency exchange, e-wallet, debit card and payment processor provider of which Bankera will be an operational fork. What has been developed so far will serve as a minimum viable product for Bankera to begin operations. However, to achieve its goal to become a fully operational bank service, Bankera needs to obtain capital.
The required IT infrastructure to facilitate payment processing and issue personal IBANs or payment cards have already been developed and are available as a minimal viable product (MVP) in the form of SpectroCoin.
10% of the tokens will be distributed to determine the price of the ICO.
Support of full P2P transfers, mobile wallets and the start of membership application of the major payment networks such as card schemes and remittance networks.
30% of the tokens will be distributed to solve the capital issue so that we can build a successful bank for the blockchain era.
After the ICO, a banking license will be obtained. This will allow us to offer loans and deposit services.
The launch of services related to low-cost investment solutions such as equity traded funds (ETFs), cryptocurrency and crypto token funds as well as robo advising.
The synergy between investment and payment products will offer new types of money such as economic growth linked currency or usage of ETFs as a medium of exchange.
|Token Type||ERC20, NEM|
|Hard cap||450,000,000 EUR|