One of the most talked-about topics in the financial services industry today is blockchain and is the current biggest market disruptor. It was initially designed to facilitate, authorize, and log the transfer of bitcoins and other cryptocurrencies. Cryptocurrencies are digital money that use the blockchain technology to facilitate secure and anonymous transactions. The statistics as of today, show the market cap of crypto currencies at US $502,375,504,565 with block chain technology serving as its back bone. This combination is being further linked to various industries with an anticipation to revolutionize the traditional approach to businesses and reap benefits including cost reduction, faster settlements and increased transparency.
INTRODUCING YORITEX
Yoritex Inc. believes in the need to include innovations into our daily lives. Since a decentralized economy has been established, it is our strong view that decentralization is the best driver for private businesses and organizations, economics and technology.
Yoritex is a cross-border European online multi-currency bank for non-residents and residents of EU countries. SimcoePay ™ is a unique fintech project developed by Yoritex Inc. for convenient modern alternative banking solutions for both EU and overseas clients, users of cryptocurrency and support of the traditional monetary system.
The issues Yoritex solved
99% of banks do not open accounts remotely. It is very difficult to open a non-resident bank account in Europe if you are in Canada, Israel, China, and many other non-European countries. As a result, non-residents in the EU face higher costs by paying high foreign exchange commissions on cross-border payments; no access to cheap SEPA payments in Europe, as well as the unavailability of other cost-cutting services offered by traditional banks.
No European bank will open cryptocurrency for you. There are no banks in Europe that will provide you a credit-based overdraft and allow you to enter your crypto funds into your payment card. We ensure that all non-residents of the EU are treated fairly and without discrimination.
Solution
SimcoePay™ is a unique Fintech project developed by Yoritex Inc. for modern comfortable alternative banking solution both for EU residents and non-residents, for users of cryptocurrencies and adherents of the traditional monetary system.
With a SimcoePay™ you get an online IBAN multicurrency account, a cryptocurrency wallet with multicurrency payment cards and full banking service,
included Overdraft, Rewards and P2P Loan Programs.
Features
* Get all free payments in Fiat and Crypto currency
* Transfer funds to your own account inside SimcoePay for free
* Make a payment to another SimcoePay ™ account holder in seconds
* Use FX conversion automation
* Use your IBAN for local and international money transfers
* Easy integration into market and payment gateways
* Premium broker access to make global payments in 138 currencies
* Take advantage of online onboarding
ICO
The Yoritex token (YRX) is an important part of the SimcoePay ™ ecosystem.
The start of the token sale has already begun and will last until May 10, 2018
Name of the token — YRX
The price of the token is 1 YRX = 0.00185 ETH
Standard token — ERC-20
There will be no minimum and maximum contribution amount
Softcap — 1,000,000 EUR (already collected 1,634,000 EUR)
Hardcap — 15,000,000 EUR
Accepted currencies are ETH, BTC, LTC
For the entire stage of the ICO a bonus of 60%
Conclusion
The Yoritex team, absolutely all its employees work for the benefit of the company and are always ready to help in any matter. They are always in touch and do not lose sight of. Indeed, at the current moment, when we are talking about ICO projects, this fact is very important.
All the prototypes made by the Yoritex development team are publicly available, right now you can familiarize yourself with and try out this system.
Be a part of this project.
For more information, please visit these links:
Website: https://www.yoritex.com/
Whitepaper: https://docs.wixstatic.com/ugd/72b539_a8a7ceb8d49f43ad935e065b4d9fb92b.pdf
ANN: https://bitcointalk.org/index.php?topic=2471605.msg25317595#msg25317595
Facebook: https://www.facebook.com/Yoritex/
Twitter: https://twitter.com/Yoritex_Inc
Bounty: https://bitcointalk.org/index.php? topic = 2470823.0
Author–Opeyemi Jayeoba
Bitcointalk profile link:https://bitcointalk.org/index.php?action=profile;u=1925101
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