[ANN] 💠 FSBT TECH 💠 – Open API For Fintech Developers

[FortySeven]

will i need to register somewhere?

It is not necessary, you can simply contribute funds from your ETH wallet. However, we believe it is better to register on our web-page and in our cabinet which will soon be available in order to see balance of your FSBT tokens and all other analytics related to it.

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[FortySeven]

Multi-Asset Account is the bank account which combines and grants you access to all your accounts in different EU banks, to all your crypto wallets and to all your investments in stocks, bonds, derivatives, commodities, etc. It is the master account which gives you opportunitiy to control all your assets via one account.

Do you mean we will have several bank accounts linked to the Multi-Account and with the same Iban you will provide we will be able to access the funds on them?

How will it work?

Multi-Asset Account does not have IBAN by itself. It is a term used for a product - an application - that combies all your IBANs in different EU banks via API (also IBAN at Forty Seven Bank). This opportunity is presented by Payment Services Directive 2 (PSD2) which comes into force in Europe in the beginning of next year. You will be able to transfer funds among these IBANs via one application - you will not have to access each internet or mobile bank separately, as it is being done today.
Additionally, in this application you will have access to crypto wallets and investments.

[Saisher]

I'm glad the dev is very active in answering all the questions being posed by potential investors and members, I'm lucky to be in this campaign, I'm looking forward to the success of this ico I hope investors will find this ico interesting in their eyes.

[FortySeven]

I have been hanging on the telegram for some time and I think it is really a high potential project.
The team is much more professional than the one at other card projects
you should focus on social media ads

Thank you very much for your opinion, we really appreciate it. We will take your advice into account!

[poordeveloper]

How will your escrow services be like?

Forty Seven Bank will provide the escrow service as a smart contract. In case of sale deal between customers, this contract will protect both the seller and the buyer. Both customers can work with this contract either via bank user interface or integrate their IT systems directly to escrow smart contract via blockchain. The smart contract defines the following interaction between counterparties:
● Buyer initiates purchase via smart contract;
● Forty Seven Bank locks the needed funds in the buyer’s account;
● Seller delivers the product;
● Buyer within limited time period inspects the product and accepts or rejects the deal;
● If the deal is accepted then funds are transferred to seller’s, account, otherwise, they are unlocked in buyer’s account.

Additionally, we will provide escrow services for ICO and other projects where those might be integrated.

Would you be the first bank using smart contracts?

[FortySeven]

How will your escrow services be like?

Forty Seven Bank will provide the escrow service as a smart contract. In case of sale deal between customers, this contract will protect both the seller and the buyer. Both customers can work with this contract either via bank user interface or integrate their IT systems directly to escrow smart contract via blockchain. The smart contract defines the following interaction between counterparties:
● Buyer initiates purchase via smart contract;
● Forty Seven Bank locks the needed funds in the buyer’s account;
● Seller delivers the product;
● Buyer within limited time period inspects the product and accepts or rejects the deal;
● If the deal is accepted then funds are transferred to seller’s, account, otherwise, they are unlocked in buyer’s account.

Additionally, we will provide escrow services for ICO and other projects where those might be integrated.

Would you be the first bank using smart contracts?

Yes, most probably we will be the first bank to do that. However, we believe that technologically advanced banks are also considering this technology to be integrated inside their systems. Even if they decide to do that, it will take them much time and it will cost much money. In our case, we will develop the system with integrated smart contract technologies from scratch and therefore it will be done more efficiently.

[poordeveloper]

As you will offer escrow services to ICOs and your clients will be identified, is it safe to assume the developers of the ICOs which make use of your escrow services will be properly identified via your KYC procedures?

[Retired]

Multi-Asset Account is the bank account which combines and grants you access to all your accounts in different EU banks, to all your crypto wallets and to all your investments in stocks, bonds, derivatives, commodities, etc. It is the master account which gives you opportunitiy to control all your assets via one account.

Do you mean we will have several bank accounts linked to the Multi-Account and with the same Iban you will provide we will be able to access the funds on them?

How will it work?

Multi-Asset Account does not have IBAN by itself. It is a term used for a product - an application - that combies all your IBANs in different EU banks via API (also IBAN at Forty Seven Bank). This opportunity is presented by Payment Services Directive 2 (PSD2) which comes into force in Europe in the beginning of next year. You will be able to transfer funds among these IBANs via one application - you will not have to access each internet or mobile bank separately, as it is being done today.
Additionally, in this application you will have access to crypto wallets and investments.

I see. What will the timeframe for transactions be? I read in the news a few months ago that SEPA credits/debits will be much faster in the near future.

[FortySeven]

I'm glad the dev is very active in answering all the questions being posed by potential investors and members, I'm lucky to be in this campaign, I'm looking forward to the success of this ico I hope investors will find this ico interesting in their eyes.

Thank you for your opinion! Stay in touch with us and become a part of our success!

[FortySeven]

As you will offer escrow services to ICOs and your clients will be identified, is it safe to assume the developers of the ICOs which make use of your escrow services will be properly identified via your KYC procedures?

Yes, definetely. We will examine ICO projects by ourselves and will make sort of open source rating agency. All the developers of ICO projects using our escrow services will be properly identified.

[Retired]

Multi-Asset Account is the bank account which combines and grants you access to all your accounts in different EU banks, to all your crypto wallets and to all your investments in stocks, bonds, derivatives, commodities, etc. It is the master account which gives you opportunitiy to control all your assets via one account.

Do you mean we will have several bank accounts linked to the Multi-Account and with the same Iban you will provide we will be able to access the funds on them?

How will it work?

Multi-Asset Account does not have IBAN by itself. It is a term used for a product - an application - that combies all your IBANs in different EU banks via API (also IBAN at Forty Seven Bank). This opportunity is presented by Payment Services Directive 2 (PSD2) which comes into force in Europe in the beginning of next year. You will be able to transfer funds among these IBANs via one application - you will not have to access each internet or mobile bank separately, as it is being done today.
Additionally, in this application you will have access to crypto wallets and investments.

I see. What will the timeframe for transactions be? I read in the news a few months ago that SEPA credits/debits will be much faster in the near future.

To clarify, I mean regarding external accounts.

[poordeveloper]

As you will offer escrow services to ICOs and your clients will be identified, is it safe to assume the developers of the ICOs which make use of your escrow services will be properly identified via your KYC procedures?

Yes, definetely. We will examine ICO projects by ourselves and will make sort of open source rating agency. All the developers of ICO projects using our escrow services will be properly identified.

A bank escrowing an ICO sounds like the best guarantee any investor may want to have.

[poordeveloper]

Will payments between users be possible?

[excellence]

How to call you? 47 Bank? Forty Seven Bank? The Forty Seven?

The name of our project is Forty Seven Bank, you are right.

Your logo is really professional

[hoop]

so the Pre-ICO and main ICO price is same 0.0047 ETH ?
am i right about this ?

You are right, the price of FSBT token is the same - 0.0047 ETH. However, there is min. contribution amount of 4.7 ETH during pre-ICO and 0.047 ETH during ICO. Bonus during pre-ICO is 30% and during ICO bonuses are the following: 1-3 days - 15%,   4-7 days - 10%,   8-14 days 5%,   15-28 days - 0% bonus, but bonus for quantity of tokens acquired. You can find out more about bonus structure in our White Paper on page #70 following the link:   https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view

I'm sure that the FORTY SEVEN BANK isn't first cryptocurrencies bank, there many of them out there one of cryptocurrencies banks is bankera. btw do you think is fixed price and min 4.7 ETH during pre-ICO are opinion appropriate for the success of your project?

[poordeveloper]

so the Pre-ICO and main ICO price is same 0.0047 ETH ?
am i right about this ?

You are right, the price of FSBT token is the same - 0.0047 ETH. However, there is min. contribution amount of 4.7 ETH during pre-ICO and 0.047 ETH during ICO. Bonus during pre-ICO is 30% and during ICO bonuses are the following: 1-3 days - 15%,   4-7 days - 10%,   8-14 days 5%,   15-28 days - 0% bonus, but bonus for quantity of tokens acquired. You can find out more about bonus structure in our White Paper on page #70 following the link:   https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view

I'm sure that the FORTY SEVEN BANK isn't first cryptocurrencies bank, there many of them out there one of cryptocurrencies banks is bankera. btw do you think is fixed price and min 4.7 ETH during pre-ICO are opinion appropriate for the success of your project?

It's noteworthy to say that Forty Seven is going to create a real bank, not just an e-money wallet.

[exortis]

I hope you will get a lot of attention from potential investors from all around the world.
I will use all my power to promote this project.

[coindoctor]

Will payments between users be possible?

Please clarify this . Also what will the fee be .

[aliyagiz207]

I have read the turkish translation and have taken an interest
escrow service is very nice
I will definitely agree
i hope is very successful

[Huxleyfree]

Has the team relevant experience?