Categories: Press Releases

Forty Seven Bank – Banking For a Digital Age, Bringing Fiat and Cryptocurrency Under One Roof

London, UK – Forty Seven Bank is a new and unique concept in the world of financial services – a modern universal bank designed for users of both cryptocurrency and traditional fiat currency, built to seamlessly integrate the old and new, paper and digital, fiat and crypto.

Imagined by a team of professionals drawn from the worlds of banking, finance, and IT, Forty Seven Bank will be delivered by specialists with expertise, experience and a proven track record in the licensing of payment systems and development of electronic financial institutions.

Forty Seven Bank will provide innovative, secure, and user-friendly financial services and products for every type of client base – individuals, businesses, developers, traders, financial institutions, and governments.

The Forty Seven project is founded on three key principles – Relevance, Convenience, and Security.

Relevance

Forty Seven Bank incorporates and deploys the most up-to-date innovative technologies available, such as blockchain, biometrics, smart contracts, and machine learning. This allows Forty Seven Bank to bring all the services of traditional banking to users of cryptocurrency and bringing to users of traditional fiat currency all the benefits of disruptive new technologies.

Convenience

Forty Seven Bank introduces the concept of a ‘multi-asset account’ which gives customers access to and control of both crypto and fiat assets in one place, through one simple, easy to use interface. While the use of biometric identification and blockchain allows users ease of access and the capability to manage multi-asset accounts from anywhere in the world via smartphone, or ATM and without the need for a card.

Security

Forty Seven Bank will be recognised by international financial organisations, and conform to all regulatory protocols and requirements, including the European Union’s Payment Services Directive 2 (PSD2). The bank will also be compliant with Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, guarding against exposure to actors and representatives of the “grey” market. High-end encryption and biometric ID verification will be employed to protect and secure the integrity of customers personal and payment data.

Cryptocurrency and the technology driving it is changing the infrastructure, institutions, and processes of banking and will continue to do so over the coming decades. Forty Seven Bank is a bank tailor-made for this future, positioned to connect the crypto and fiat markets, unite them under one roof, and offer customers the best of both worlds with a bank designed for the digital age.

 

Learn more at www.fortyseven.io

 

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Guest

The writer of this post is a guest. Opinions in the article are solely of the writer and do not reflect The Merkle's view.

Recent Posts

Ethereum Price: Small Gains in BTC Ratio Keep USD Value Flat

It was to be expected this weekend would be relatively interesting for all cryptocurrency markets. Even though the momentum is…

3 hours ago

In Murky Digital Content Industry, Blockchain Startups Like Contentos Provide Clarity

The digital content space has a host of problems related to transparency, centralization, and hype, making it difficult for creators…

12 hours ago

5 Fierce Facts About Cybersecurity You Probably Don’t Want to Hear

It’s hard work running a business. It almost makes you ache for a simpler time when all you had to…

15 hours ago

Privacy and Access: Meet “Eijah”, the Hacker Behind Promether

Cryptography inspires all types of people to create. One such creator is Eric Anderson, the founder of a decentralized privacy…

16 hours ago

Targeting Media Ecology, PR Chain Reshapes Global Media Credibility with Blockchain

With the full development of the Internet, Internet media is now everywhere in our life. Media has grown to be…

16 hours ago

Billionaire Investors Trash Bitcoin Despite Recent Uptrend

Bitcoin has no intrinsic value, and those who invest in it only do so in the belief that they’ll find…

17 hours ago