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

[Hendobox]

Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?

The total market cap of all crypto currencies has dropped significantly since the past months, I think this year will be defined whether blockchain will be embraced by society

Yeah its bleeding again, I can't agree any less. I know that there are a lot of upcoming projects with crypto this year, so I just want to believe that it will eventually be embraced by society

[cryptossi]

I heard it again in the news today, the EU is planning to regulate the crypto market. Of course there is no exact information what they are going to do. But I think someone from the 47BK team might have more insight there. Do you know something more?

Yes I saw this too, yesterday the French regulator announced that crypto-advertising is banned and online trading platforms need to get authorisation to operate, similar to the Korea situation.

Obviously not great news because its more FUD which we don't really need at the moment as markets are still recovering.

This article from the FT explains the situation - https://www.ft.com/content/7d80c76a-17ba-11e8-9376-4a6390addb44

This highlights the need of FCA authorisation for 47 Bank and shows how important it is for ICO's continue to up their game in terms of compliance and regulation.

[Nathan01]

Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?

The total market cap of all crypto currencies has dropped significantly since the past months, I think this year will be defined whether blockchain will be embraced by society

I for one do not care about market cap dropping sincerely... I feel it's just a market trend... Things come up and down not only the market, it's a show of health of the system and yes the world will come to embrace this technology fully in the nearest future.. I have no fear...

We just only need a bank for our crypto that will guarantee safety and issues like this occur we could convert to fiat..

That brings me to the link 47BK intends to bring between fiat and crypto... Will there be like some sort of conversion that can happen using 47BK system? Like converting crypto to fiat and vice versa 

[faulerwilli]

I heard it again in the news today, the EU is planning to regulate the crypto market. Of course there is no exact information what they are going to do. But I think someone from the 47BK team might have more insight there. Do you know something more?

Yes I saw this too, yesterday the French regulator announced that crypto-advertising is banned and online trading platforms need to get authorisation to operate, similar to the Korea situation.

Obviously not great news because its more FUD which we don't really need at the moment as markets are still recovering.

This article from the FT explains the situation - https://www.ft.com/content/7d80c76a-17ba-11e8-9376-4a6390addb44

This highlights the need of FCA authorisation for 47 Bank and shows how important it is for ICO's continue to up their game in terms of compliance and regulation.

last year it was really nice, as most of the governments had no idea about crypto-currencies:-)
I'm not saying that regulation is bad in itself, but I would prefer it if they did not control everything

[phantam]

I heard it again in the news today, the EU is planning to regulate the crypto market. Of course there is no exact information what they are going to do. But I think someone from the 47BK team might have more insight there. Do you know something more?

Yes I saw this too, yesterday the French regulator announced that crypto-advertising is banned and online trading platforms need to get authorisation to operate, similar to the Korea situation.

Obviously not great news because its more FUD which we don't really need at the moment as markets are still recovering.

This article from the FT explains the situation - https://www.ft.com/content/7d80c76a-17ba-11e8-9376-4a6390addb44

This highlights the need of FCA authorisation for 47 Bank and shows how important it is for ICO's continue to up their game in terms of compliance and regulation.

last year it was really nice, as most of the governments had no idea about crypto-currencies:-)
I'm not saying that regulation is bad in itself, but I would prefer it if they did not control everything

Well considering the information we have from them already it seems that their one of the few ICO's that is on top of the regulation requirements or at least their trying to be as on top of them as they can be, but considering Crypto is a worldwide currency and the darn regulations are constantly shifting in the various countries it's a moving goal post that i imagine ICO's will be struggling to comply with, and governments will also be struggling to enforce, especially with some of the ICO's that are less transparent than 47bank

[Anilg]

Nice Solid project. Wish all the best. 

Glad to have another enthusiast, there is a telegram channel of forty seven bank, useful updates can be tracked there

https://t.me/thefortyseven

Thank you for this have been on the look out for this

someone talked about the fact that 47BK is introducing Biometric POS terminals into their banking system.. haven't heard or seen where its been implemented before even in traditional banking system 

I also try to find more info on Biometric POS terminals but could not find it. So this really seems to be futuristic idea. Can wait to see how its going to work.

[Cnote328]

Because I'm really curious: will there be a beta app that we try as a pre-ico buyer? I would really like to look at it from the beginning and possibly tell you about my impressions

Good question, really would be nice if their was a way that investors could get an early look at what to expect and what we will see out of the platform, as the entire  idea is great, but actually seeing how it will line up with expectations the sooner is the better as it will allow investors to also give feedback earlier and perhaps help to catch missteps before they happen to push for a successful product longterm.

You're right, such should occur at least, few weeks before the actual launch of the project, this will invariably boost the confidence of the investors and yet to be investors, as they say, seeing is believing, gaining trust from the community is of utmost importance and when that happens, the community will be the one to spread the good news of Forty Seven Bank, all the team will do, is sit back and watch their market grow

I don't think forty project has completely developed their app I believe Forty seven bank will surely conduct a test phase before lunching fully. It will be great If early investors can partake in the test phase

[Nathan01]

Nice Solid project. Wish all the best. 

Glad to have another enthusiast, there is a telegram channel of forty seven bank, useful updates can be tracked there

https://t.me/thefortyseven

Thank you for this have been on the look out for this

someone talked about the fact that 47BK is introducing Biometric POS terminals into their banking system.. haven't heard or seen where its been implemented before even in traditional banking system 

I also try to find more info on Biometric POS terminals but could not find it. So this really seems to be futuristic idea. Can wait to see how its going to work.

Read up some article on it and if 47BK can pull such feat in the ecosystem then let's get ready for a huge ride like seriously this ain't popular atm and 47BK seem to be the one to bring it to fore...

[Owillz]

Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?

Very true friend and it makes me wonder how much effect it must have induce on the total amount r of ETH raise for the ICO. It will definitely drop us value.

[FortySeven]

I heard it again in the news today, the EU is planning to regulate the crypto market. Of course there is no exact information what they are going to do. But I think someone from the 47BK team might have more insight there. Do you know something more?

Yes, there are such rumours, they already exist for a pretty long time and regulations are a logical thing after all. There is no strict date as of when they will arrive and how are they going to "look", though. We believe they will be aimed towards transparency and war against fraud and money laundering in cryptocurrency world, rather than baning cryptocurrencies as whole

[Anilg]

I heard it again in the news today, the EU is planning to regulate the crypto market. Of course there is no exact information what they are going to do. But I think someone from the 47BK team might have more insight there. Do you know something more?

Yes, there are such rumours, they already exist for a pretty long time and regulations are a logical thing after all. There is no strict date as of when they will arrive and how are they going to "look", though. We believe they will be aimed towards transparency and war against fraud and money laundering in cryptocurrency world, rather than baning cryptocurrencies as whole

Regulating crypto market will only increase the trust in crypto currencies. FSBT as bank is already taking care of future issues and I think they are maintaining transparency so there should be not an issue in future. Bank has lot of restrictions already.

[jamzzz123]

Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?

Very true friend and it makes me wonder how much effect it must have induce on the total amount r of ETH raise for the ICO. It will definitely drop us value.

The whole cryptomarket at the moment has taken a big hit at the moment, it's showing signs of recovery, we just need to be patient and hold.

Our patience will hold off at some point this year in 2018 and I personally think we will see an all time high

[cryptossi]

I heard it again in the news today, the EU is planning to regulate the crypto market. Of course there is no exact information what they are going to do. But I think someone from the 47BK team might have more insight there. Do you know something more?

Yes I saw this too, yesterday the French regulator announced that crypto-advertising is banned and online trading platforms need to get authorisation to operate, similar to the Korea situation.

Obviously not great news because its more FUD which we don't really need at the moment as markets are still recovering.

This article from the FT explains the situation - https://www.ft.com/content/7d80c76a-17ba-11e8-9376-4a6390addb44

This highlights the need of FCA authorisation for 47 Bank and shows how important it is for ICO's continue to up their game in terms of compliance and regulation.

last year it was really nice, as most of the governments had no idea about crypto-currencies:-)
I'm not saying that regulation is bad in itself, but I would prefer it if they did not control everything

Yes in my opinion I preferred it last year when I first started investing in crypto, no governments were taking it seriously, there was no taxation and you didn't need to include profits on returns.

But I guess to legitimise crypto as an actual asset it needs to be regulated, to stop normies getting rekt and whining like little babies because they cant take a loss.

[nxnqauff]

Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?

I dont think this going to negatively affect forty seven bank. Infact this will affect in a positive manner as FSBT tokens are priced in ETH. I did not check the progress today. I guess and hope it is also moving steadily.

[ibininja]

Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?

Hey, I don't think so that could be matter investing in 47Seven. Because they fixed theirs transaction method like cryptocurrency(ETH, BTC) and using Master/VISA card.

As girib mentioned it would only matter if you are raising your funds in USDs; since it is fixed in ETH it should not matter anyway. The drop that is taking place is expected since it has been the case ever since with crypto. Nothing is new.

[girib1684]

Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?

I dont think this going to negatively affect forty seven bank. Infact this will affect in a positive manner as FSBT tokens are priced in ETH. I did not check the progress today. I guess and hope it is also moving steadily.

As I mentioned my previous comments market up-down price could not be matter. Because of since it is fixed in ETH. So market movement doesn't matter.

[Zombie259]

Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?

I dont think this going to negatively affect forty seven bank. Infact this will affect in a positive manner as FSBT tokens are priced in ETH. I did not check the progress today. I guess and hope it is also moving steadily.

As I mentioned my previous comments market up-down price could not be matter. Because of since it is fixed in ETH. So market movement doesn't matter.

You are right the FSBT-ETH ratio is fixed, so market movements doesn't matter.
Especially until the end of February you will get 20% discount.

[cryptossi]

Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?

I dont think this going to negatively affect forty seven bank. Infact this will affect in a positive manner as FSBT tokens are priced in ETH. I did not check the progress today. I guess and hope it is also moving steadily.

Yes exactly so as ETH dips in price investors will be able to buy more FSBT tokens in relation to the value of ETH in fiat.

Like I said its a dip in the market and I'm sure it will pick up again in the next couple of days.

[nesh1]

Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?

I dont think this going to negatively affect forty seven bank. Infact this will affect in a positive manner as FSBT tokens are priced in ETH. I did not check the progress today. I guess and hope it is also moving steadily.

Yes exactly so as ETH dips in price investors will be able to buy more FSBT tokens in relation to the value of ETH in fiat.

Like I said its a dip in the market and I'm sure it will pick up again in the next couple of days.

Yes in the crypto worlds dips are very normal it is almost impossible that something only goes up it needs to go down too and then improve itself to fo up again i would say just have patience.

[gee777]

Since I don't trust and like Etherdelta, I will buy the Coins at Binance or HitBTC (when 47B get listed). Right after the ICO when most Bounty Hunter sell their coins cheap.

You can use fork delta in place of Ed. That sum to work better

I don't know much about ether delta, because i don't use it. Idex for me is the best choice it is fast and easy. You can also just wait for Hitbtc or Binance as you have said. They are known exchanges.

Have never sold or bought from idex before. Though I wanted to try it out one time in the past but the result was disappointing. (my personal experience). So personally I don't like that exchange.

it's not the best layout on idex and appears to be really laggy for me, I hope fortyseven will get listed on binance in the near future since this is my number one exchange (personally)

I prefer etherdelta fo idex because of their limitations on both withdrawals and orders to be placed. And it is a bit difficult navigating through idex