Etherbanking (EBC)

What is Etherbanking

The potential impact of technological development in finance is one of the hottest topics today. Many start-ups are trying to revolutionize financial services. However, they mostly focus on a niche and cannot take advantage of economies of scale, which is one of the main advantages enjoyed by traditional banks that may not be as technologically advanced. Etherbanking (EBC) plans to achieve the scale to offer traditional and emerging banking products in a technology driven Blockchain era environment, eventually becoming the onestop shop for all banking requirements.

Etherbanking is building a digital bank to last, therefore, the focus will be on the scale, elimination of counterparties and offering core banking services such as savings and loans accounts. To achieve these goals, Etherbanking will apply for additional banking licenses in key jurisdictions to be able to operate in a spectrum of different fiat currencies and facilitate cross -border transactions without the need for counterparties.

EBC also plans to be a member of key financial networks, such as achieving issuer and acquirer status with major payment card schemes as well as becoming a participant in payment networks such as SEPA in EU, Faster Payments in the United Kingdom and EFT in Canada.

In addition to traditional banking products, Etherbanking (EBC) will be providing innovative solutions for both individual customers and businesses alike, in a low-cost banking environment. For example:

To achieve these objectives, Etherbanking (EBC) as a company is to be set up and an initial coin offering (Lending) will be conducted. The offering will be a virtual currency tokens known as a EBC. Funds raised by the Etherbanking (EBC) will be given as grant towards the development of Etherbanking (EBC) as a project.