The key findings include the following:
- Boundaries are blurring among intermediaries, markets, and new service providers.
- Barriers to entry are changing, being lowered in some cases but increased in others, especially if the emergency of large closed networks reduces opportunities for competition.
- Trust remains essential, even as there is less reliance on traditional financial intermediaries, and more on networks and new types of service providers.
- Technologies may improve cross-border payments, including by offering better and cheaper services, and lowering the cost of compliance with antimoney laundering and combating the financing of terrorism regulation.
Against banking discrimination
Yoritex Inc. introduced the first European Multicurrency Online Cross-border bank to pledge to solve a problem not visited by non-European residents.
According to founder Yoritex Inc. Leon Dain, "Non-resident - legal entities and private individuals in Europe are not permitted to open bank accounts remotely in 99% of European banking institutions, resulting in non-EU citizens facing cost increases, by paying a currency trading commission high for cross border payments, no access to inexpensive intra-European SEPA payments as well as unavailability of other cost reduction offers from traditional banks ".
"Currently Europe and, for example, Canadian banks ignore other rapidly growing crypto development areas in everyday life.None of the European banks will offer cryptocurrency accounts in an easy and legal way to convert cryptocurrency to national currency" , says Leon Dain.
For the cost of effective banking services
SimcoePay will provide the means to effectively make cross border payments to non-residents and EU residents. Terms of service will be the same for crypto and national currency.
Each SimcoePay client will have the opportunity to open a multi-currency IBAN account with the ability to use crypto currency (YRX, XBT, ETH, LTC, BCH), and FAT, EUR, CAD, USD, RUB, GBP) as well :
# various kinds of multicurrency payment cards,
# access to P2P loans and beneficial overdrafts, Easy-to-use instrument for currency exchange from crypto to fiat currency,
# Many opportunities for fast and cheap payment worldwide through the use of a network of three million ATMs worldwide for cash withdrawals,
# Includes other advantages.
Earn up to 24% per annum with a SimcoePay ™ P2P lending platform
The SimcoePay ™ P2P lending platform is an intermediary platform connecting borrowers with investors by offering safe and transparent investment opportunities
Earn up to 24% per annum with a diversified portfolio of consumer loans or borrow money when you need it
ICO Details Yoritex
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Tokenisasi is a logical stage in the development of Yoritex FinTech project. It is advantageous for businesses to use blockchain in operations where transparency and authenticity are essential. The banking business is very sensitive to these factors, "said Leon Dain.
Yoritex plans to conduct an ICO campaign with the formula "1 + 90"; one month Pre-ICO from 29 November 2017 to 29 December 2017 and 90 days ICO from 1 February to 1 May 2018.
The campaign is based on three basic principles - respect for equal rights from token buyers, market pricing mechanisms and purely decentralized solutions. Experts in the field of crypto emergency noting original ICO ideas and unique campaign campaign mechanisms.
Yoritex Pre-ICO
Period: 29 November - 29 December 2017.
The concept of "Make Your Offer" is the basis of the Pre-ICO round and so far Yoritex Inc. plans to sell up to 10% (51,000,000 YRX) of total YRX token items.
During this round, potential buyers can make Yoritex an offer to buy any number of tokens at any price.
If Yoritex agrees with the proposed offer, the deal will be closed as per the buyer's requirements.
Payment currency: ХBT, ETH, LTC, USD, CAD, EUR.
Unlimited volume
Yoritex ICO
Period: February 1 - May 1, 2018.
During the ICO stage Yoritex plans to sell up to 85% (433,500,000 YRX) of the total value of the YRX token. Buyers will be able to purchase Tokens at some of the world's leading crypto exchanges.
On February 1, 2018 at the first trading date, the YRX price will be set at: 1 YRX = 0.00185 ETH.
During the next 89 trading days, everyday, the same amount of additional YRX tokens will be listed by Yoritex Inc. The initial price of the additional YRX token will be the same as the closing price on the last day - which correlates with the "LOFI concept - the last out, first in" (by analogy of well known accounting inventory accounting methods). Unsold YRX token will be destroyed.
Website: https://www.yoritex.com/
author: ALEX789
eth: 0x5f5f506A001A179b8eE67214a7754Bfe04ffadE0
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