Crypto Currencies & Blockchain Technology:
Most of you may be familiar with the world of Criptocurrency (Crypto currency). Cryptocurrency has been around about ten years ago, and has now become quite popular, widespread, and covered in many controversies from innovative developments. Cryptocurrency (or cryptographic-based digital currency) is basically a new form of currency, which is created, stored and used for several digital needs. Each token is designed to be able to be completely unique, so it cannot be manipulated using cryptology.
Digital currency is not the same as a bank account that you generally have, such as on an online bank account, or even a stock exchange (although it also gradually changes).
Blockchain is generally open to the public, “ledger” which can be distributed in general, able to record all transactions on a network consisting of so many computers. Since Bitcoin came up using a pattern like this, then a new cryptocurrency explosion came in and then came in droves. This crypto-based digital currency was created through a “mining” process, by solving mathematical equations with a relatively increasing level of difficulty. This also indirectly implies the growth of new industries, with a variety of innovations and individual segments, as well as pool mining (mining). All of these new industries have emerged due to blockchain technology.
The blockchain concept is indeed designed to be capable of being decentralized, which means that there is no central center as the authority to distribute the digital currency, but rather the community community itself broadly. In this way, direct, peer-to-peer (P2P) exchange can be realized, without the necessary intermediaries. This Blockchain technology, also increases the FinTech (Financial Technology) segment. Blockchain is so amazing!
Initially, blockchains were only used to make the cryipto currency possible, until Vitalik Buterin entered with his idea about Ethereum. Ethereum is enough to increase the blockchain’s ability to do not just create crypto currencies; but also decentralized applications and Smart Contracts, can be realized from Buterin’s innovation.
With the advent of blockchain technology, many banks and the government (policy holders) have decided to try to use this technology to help their institutions become more efficient.
now there will be a large project with good value, a project called Cryptov8 that brings Banking to blockchain.
Fundamental to the Cryptov8 proposition will be establishing a UK domiciled and authorised bank using blockchain technology to bridge the gap between cryptobanking and traditional banking products and services.
The Cryptov8 project extends far beyond any existing ‘CryptoBanking’ services that exist today. Our project aims to streamline challenges that customers often face, which will ultimately create the best possible route for adoption of cryptocurrencies, globally.
- Convenience – Making wallet installation, access and usage straight forward.
- Trust – As an authorised and regulated bank, we will apply the highest levels of regulatory principles and best industry practice to protect our customers.
- Security – Providing bank grade security across wallet/asset storage, password retrieval and fraud protection.
- itemCost – Making exchange costs and withdrawals cheaper and more certain.
- itemReward – Uniquely, our cryptobanking customers will directly receive rewards for their loyalty. We will give a share of our cryptobanking fees back to our customers.
- itemAcceptance – Making cryptocurrency payment mainstream.
- itemEducation – Providing easy access to educational material, an evolving knowledge base and providing unrivaled support to cryptocurrency customers.
Cryptov8’s ambitions span the traditional and cryptocurrency world. We intend to bridge these currently disparate worlds to provide our customers with the widest options and first class customer service.
The following diagram describes the journey so far in terms of milestones, but more importantly the future milestones it will achieve to provide comprehensive services across each area.
FCA approve a consumer credit license enabling us to provide personal loans and issue credit cards as well as carry out other consumer credit activities.*
Technology evaluation starts, full list of technology vendors considered. Application process for full banking licence begins.
Extensive market research completed to identify consumer preferences, market trends and competitor offerings.
Q2 2017 – Q1 2018
Regulatory Pre-Application Process. Generation of Regulatory Business Plan.
Banking platform vendor selected. Full banking licence application submitted to the Prudential Regulatory Authority
Q1 2019 – Q2 2019
Full banking licence Authorisation with Restriction granted. Crypto Wallet/Account Launch
Phase 1 to include: • Cryptoeduc8 • Cryptocommunic8 • Cryptog8 (link to other exchanges) • Cryptocred8 • Cryptovault.
Full Banking Licence (without Restriction) granted. Banking Services Launch. Phase 1 to include: • Current Account • Savings • Unsecured Loan • Business Lending
Crypto Account Services Expansion
Banking services expansion, phase two to incude: • Cryptoremuner8 • Cryptomovtiv8 (first features) • Mortgages • Business Current Accounts
Crypto Account Services Expansion • Cryptomotiv8 (final features) • CryptoG8 (own FIAT gateway/exchange)
INTERNATIONAL EXPANSION CONTINUES
- The consumer credit licence has been relinquished as part of the project in favor of a full banking licence.
14th July 2018 – 24th August 2018
Price = 0.0002089 ETH
1 ETH = 4,788 CRV8
Min. purchase = 0.1 ETH
Max. purchase = N/A
24th August 2018 – 20th October 2018
Price = 0.0002315-.0002646 ETH
1 ETH = 4,320 – 3,780 CRV8
Min. purchase = 0.1 ETH
Max. purchase = N/A
Chief Executive Officer
Chief Information Officer
Chief Technology Officer
Chief Operating Officer
Chief Financial Officer
Chief Revenue Officer
Our Advisory Board
Board Level Executive / CIO, CTO, Finance and Banking Specialist
Managing Partner at Locke Lord
Director General, Emerging Payments Association
EZMCOM – Vice President (Product and Business Strategy) and Blockchain Evangelist
Corporate Branding Consultant
Former Managing Director Fiserv Financial Service Technologies
Software Engineer and Blockchain Evangelist
Senior Software Engineer and Blockchain Enthusiast
Digital Solutions Technical Delivery Expert
Senior Director of Innovation and Fintech, Finastra
Editor in Chief, Cryptocoin.News
You can visit the link below and join this project
situs web: https://www.cryptov8.com/