European Crypto Bank (ECB)
Everybody nowadays is praising the innovation virtues bound that comes with the concept of the blockchain technology. Nevertheless, lack of confidence in the market, which now weighs billions of euros does not allow many Europeans to benefit from the blockchain technology completely. Despite the uncertain regulatory framework, the European Crypto Bank wants to give European investors another opportunity to benefit from crypto-market and at the same time managing the risks.
What is the European Crypto Bank?
The European Crypto Bank is a project that is building the first ever trading and bank platform, to help secure investments in the cryptocurrency markets on the blockchain. The core aim of the project is the create a new bank generation under Fintech or Bank-as-a-service (BAAS) offering trading cryptocurrencies platform, Visa and MasterCard payment card, financial analysis on Token, tracking real-time notification mobile and apps and fiscal assistance.
What solution does European Crypto bank offer users?
Given the statistical reality of the lack of regulations in the market. The European Crypto Bank offer users with the following solutions:
Obtain fine market analysis: with the unprecedented volatility, it is necessary to include that weakness, strengths, and stakes of any token or cryptocurrencies to optimize its investments with AI from development and process automation for traceability and availability.
Protect them from tax risks: European Crypto Bank provides advice and reporting adapted to the requirement in every European country starting with England, Germany, France, and Italy.
ECB token: the ECB token help in the generation of the ecosystem, allowing users to reach financial analysis, advice and personalized reporting from European tax experts in cryptocurrencies.
The company has been able to raise more than 1.6 billion euros in the year 2017. To raise such as amount, the company obtained funding through Ethereum, Bitcoin, and Litecoin. The company also held its first pre-ICO from February 1st through to February 15th, 2018. The official ICO started on February 16th, 2018.
The funds raised during the ICO will be used for development purposes. The funds will be distributed as follows:
- 20% will be allocated for the platform development
- 15% for fund deposits
- 25% for PRM
- In addition, 10% for AML, AI, compliance, and KYC
- Moreover, 10% for financial advisors and Wealth management
- 10% back and middle office, support, offices.
- 5% multiplatform integration
- 5% legal protection in France, Italy, and UK and banking License.
The company is led by President (UK) Olivier Forgues, Head of development (France) Mikael Misard, Head of operations (France) Sandrine Favre and head of web design and digital marketing (UK), Matthew Clark among others