Quote from: 5628398 on July 23, 2017, 07:47:57 AM

Quote from: LakeBanker on July 23, 2017, 07:40:56 AM

Quote from: huu78 on July 21, 2017, 10:28:37 AM

I really agree with the mission and goals lakebanker.but how to realize such a mission
( make banking free, for everyone, forever, and to deliver other financial services, including access to cryptocurrencies, at a much lower cost)

It's an ambitious mission for sure. We will be releasing many more details soon in our white paper.

For now, the basic way we execute this mission is as follows:

Banks suck. They rely on outdated technology (paper, physical cards, atms) and their business model is out of date: they still have brick and mortar high street branches and sometimes hundreds of thousands of employees. That's why there are so expensive.

We use the latest tech (especially mobile and AI) and a crowd banking model to massively reduce our costs. Say you want to make a cash deposit: you click a button on our app---the app transmits the request to local LakeBankers (kind of like calling an uber). A nearby convenience store accepts. You drop off your cash there and you're payed into the system. The cost to us of accepting the deposit is almost zero. We don't need expensive branches. We don't need many employees.

Our reduced costs compared to traditional banks mean we can offer core services for free. Especially user to user and user to merchant payments. Free services like these are incredibly useful. We expect to attract many users. This gives us a large market to which we can offer financial services (loans, p2p lending) etc and gives us access to Big Data. This is how we will make money.

will you open signature bounty ??
i think that is very good project .

i think it's more exciting than the project itself Roll Eyes

GÜNther.Danish

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