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Forty Seven Bank, a master bank for all your accounts.

Forty Seven Bank, a master bank for all your accounts.

January 4, 2018 5:56 am,

Let us first get acquainted with why the Forty Seven Bank came into existence.

Nowadays, people use different methods of payments. Meanwhile, they face difficulties in sending funds to other people and companies. Apart from this issue, many people face a problem in transferring their funds among their own wallets. A reason for this is that banks are not familiar with cryptocurrencies.

In order to sell goods and services in different currencies, entrepreneurs have to face many problems connecting each of them. As a result, businesses do not always get access to the whole target segment of their products, losing revenue streams in time.

In the same way, buyers won’t always be able to buy what they need. So here’s this bank for you! It believes that banking products can be made more convenient and available than we’ve gotten used to.

The platform pays its thanks to opportunities created by PSD2 which will help them offer their clients a way to manage their bank accounts with different accounts from one master account. All this, together with the possibility to open new accounts using their biometric information.

The bank customers will be able to get access to both, fiat and the non-fiat resources. They will be able to transfer them to themselves as well as other people. Along with this, they will be able to take loans and create their own businesses without any problems.

Token and ICO details:

It’s a token that represents a part in Forty Seven Bank’s infrastructure and grants the wielder a priority place in the bank’s loyalty program.

Token symbol: FSBT

Token price: Fixed, value of 1 FSBT= 0.0047 ETH

Total supply of tokens to be generated: 11 063 829 FSBT

Minimum budget to start the project: 3 600 ETH

Hard cap: 36 000 ETH

The ICOs are to be taken place in 3 rounds which are as follows:

ICO round 1: November 16 – December 16, 2017

ICO round 2: December 17 – February 28, 2018

ICO round 3: March 1 – March 31, 2018

The bank is based on three principles: relevance, convenience, and security. The team with its experts use up-to-date technological developments such as blockchain, biometrics, smart contracts, machine learning and many others.

Learn more about this bank here: