FOURTY SEVEN CONNECTING FINANCIAL WORLDS

Introduction
What does the bank do? Is this the focal point of economic change in human life? Banks have been part of our lives for a long time, adding value to our wealth and our lives. They are constantly working to improve the lives of people in underdeveloped countries, giving them confidence and freedom. Technology brings significant improvements in work and operations. This helps them provide innovative products according to the changing times. It becomes easier for users to take advantage of products and services offered by banks. But, traditional institutions can not keep up with technology, as it should. This brings up the startup of a new era based on the latest technology that is beginning to offer a much better and innovative product for next generation customers.
They are technologically sound, more open to change, easy to integrate with traditional institutions, and always experimenting. They are rapidly establishing themselves in the financial markets with their new products. The Bank reassessed their work to facilitate better service by joining FinTechs. The latest revolution in financial technology is the ultimate game changer, which has shaken the financial industry. Blockchain technology aims to redefine the banking and financial system.
There is a need for a digital banking platform based on blockchain technology, which meets the needs of next generation banking and financial users. This will be a platform for everyone, be it Investor or General or business users.

Concept
The concept of Forty Seven is to build a new, large-scale consolidation between the world of cryptocurrency and the traditional monetary system, which combines all financial transactions with floating and fixed exchange rates, under the same system. Thus, traditional banking products and services are offered, as well as similar services that are currently not offered by other banks.

Seven Bank connections are able to unite the two financial worlds and establish effective communication between them. This is a communicative association that will open up the possibility of establishing a new modern financial system.

Solutions Offered
FORTY-SEVEN aims to meet the need for a decentralized bank. The platform is built on blockchain technology and Smart Contracts.

Mission from Forty Seven Bank
Forty Seven Bank aims to provide safe, inventive, creative, and easy-to-use products and services to individuals, developers, the financial sector, businesses and government institutions. It is a platform with the ability to connect two or more financial industries and inaugurate effective and efficient communication between these companies. This interface will create the possibility to level up to a sophisticated modern financial system.

Products and Services Created by Forty Seven Bank

• Forty-seven created a number of useful products and services for the crypto community. Some of these products are described below. Multi-currency Account

With Forty Seven Banks, people living in Europe can easily open and operate multi-currency accounts with their connected cards. This will help people to easily manage European bank accounts by using a suitable web banking or mobile app application. It also allows customers to send and receive payments, buy and sell crypto-currency, and easily convert their currency. Forty Seven Bank also allows customers to purchase goods and services using their cards, withdraw or transfer money using Automated Teller Machine (ATM). In addition, this multi-currency account allows:

1. Great combination of payment tools like credit and debit cards, electronic wallets and crypto payouts.
2. Easy transactions from various crypto-currency within the bank application without selecting the current exchange rate. Allow upload, withdrawal and conversion by any pair.
3. Various services such as lending, invoice submission, insuring management, debit and credit cards and more.
4. Users to use it easily
5. The client makes the right financial decisions by utilizing the personal manager service programmed by the machine algorithm.

• Proposition For Business

Our products are targeted at small and medium enterprises. This will allow quick and easy crypto integration for online and offline usage, easily manage accounts through its API, receive crypto and fiat payments in corporate accounts, enabling enormous payments and use of escrow services and more.

• An Avenue for Tools and Services

Forty Seven Bank creates a path for software developers when affiliated with a bank. It gives users the opportunity to provide forty banking services with their personal brand, providing API access that enables the design and deployment of modern monetary services, enabling the creation of financial applications using Forty Interface Interface Applications among others.

Forty Seven Bank is the first registered financial institution serving digital currency agencies and is ready to create an appropriate trading environment for crypto-finance institutions.

Forty Seven Tokens
This is a token that is part of Forty Seven Bank infrastructure and gives shareholders the opportunity to be a priority place in the bank loyalty program. The FSBT token holder is entitled to receive an annual bonus of FSBL - Forty Seven Bank loyalty token. 20% of the bank's annual net income will be invested into the loyalty program.

ICO Information
To fulfill the proposed features and provisions on the Innovative platform, they conduct an ICO campaign that begins on November 16, 2017 and continues until December 16, 2017. The dates for the second and third round of ICOs will be announced later. The value of one token equals 0.0047 ETH. They gave a 30% bonus during one and 20% ICO rounds during the second half. FORTY-SEVEN Bank Token (FSBT) is based on Ethereal. This is the ERC-20 Standard.

All funds will be deposited in the Multi Signature Escrow Wallet, where no transactions are possible until at least three out of four people agree. The ICO is their greatest opportunity to garner the support and digital assets of other people, businesses and traders without restrictions on any country or region. They aim to perform this ICO in the most transparent way through the use of Blockchain technology and Smart contracts

Team
FORTY-SEVEN Team is experienced in IT, Finance, Equity, Investment, and startup. It is founded by People who are experts in multiple domains with years of experience. The team also consists of art directors, community managers, and internal auditors who will work hard to achieve this project in time. They were suggested by the Expert Panel composed of names such as Morten Hansen who was head of the economics department at the Stockholm economic school and Dmitry Dudin.
Their team is balanced and experienced, aiming to bring the best solution at every step in the development of the FORTY-SEVEN ecosystem.

Conclusion
According to CoinMarketCap, cryptocurrencies could be worth 5 trillion USD in 2022 in Market Capitalization. Currently, there are at least 800 Crypto assets and this number is increasing. As we move further into the future of decentralized technology and Blockchain, we will need such platforms that can act as Innovation and change agents.
FORTY-SEVEN is part of a change that brings innovative financial products, such as Multi-Asset Accounts and Crypto Bonds etc. It is necessary to create an environment that encourages such Startups. FORTY-SEVEN is at the forefront of the financial revolution, aimed at bringing the best financial solution for everyone in the world.

For more information about Forty Seven please visit the link below:

WEBSITE WHITE PAPER FACEBOOK TWITTER TELEGRAM

Author: catur123
Profile: https://bitcointalk.org/index.php?action=profile;u=1752399
Eth: 0x6b85eA6ed28A887798D75DE9c4Db61479422C9E9