Quote from: michwlv on August 17, 2017, 08:17:32 AM

Quote from: LakeBanker on July 18, 2017, 03:38:35 PM

Quote from: btceuropen on July 18, 2017, 02:52:58 PM

interesting.

but how to free ?? what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?

Internal payments will be free (user to user, user to merchant etc.), even international payments.

Deposits and withdrawals is where our crowd-banking model comes in: You send out a deposit request on the app, it gets accepted by a nearby LakeBanker (our AI engine finds optimized matches). You pay they LakeBanker and they credit your account on the system. The LakeBanker earns a fee (in our token BAC) for this service. LakeBanker fees can be subsidized initially by our user growth fund and eventually by our returns from value-added financial services (credit lines, p2p lending, and so on). Certain quotas and conditions may apply.

This is an interesting concept, I'll be interested to see the details in a whitepaper.

Our Whitepaper is available for download here and on the first page of this post.

We hope you enjoy reading it. If you have any questions, please post them here, or join our telegram or slack channels. We will be happy to answer them