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

[girib1684]

Forty Seven Bank was recently featured in PRESIDENT Online in Japan

https://medium.com/@FortySeven47/forty-seven-bank-was-recently-featured-in-president-online-in-japan-4235572e7bf1

I would be very happy about it, but I do not understand a word :-)

ok, I started the translator:


On March 1, 2018, Fortyseven Bank announced its entry into the Japanese market and introduced this case to various domestic media, including President Online. I would like to express my sincere gratitude to all of you for your support in this way from various fields.

The present situation of the Finetec world in Japan is a situation that is not awful. The domestic largest enterprises are leading the industry exclusively. Even though this brings good results in the short term, we have the risk that in the long term there will be further holdbacks on the growth of the entire Finetec world. Under such circumstances, we will aim to offer "Innovative FinTech Solutions" that can be implemented without relying on large companies and large-scale budgets as we enter Japan.
Forty Seven Bank was born as a startup company from Europe. Our mission is to support Independent FinTech developers and engineers to work under our umbrella. Alexandrus Mullins, CEO of the Bank, also stated that: "The development platform of Fortyseven Bank will now be able to give the push that is extremely necessary for Japan's Finetec scene.The local financial services technology startup companies will develop opportunities to develop their own products and deliver them to the market We are not concerned with the pressures concerning the breathtaking corporate culture and the Series A round of financing. "

i love google translator:-)

Thanks faulerwilli for translating here. They announced in Japanese market, but they are planning with any other markets also? Because if forty seven is was born as a startup company from Europe and they are entering in Japanese market so theirs any plan about any other market? Any official announcement may is possible infuture?

[gee777]

Is the only payment currency's Bitcoin and Ethereum ? Some Icos have Paypal as payment option, and that it is great, because sometimes you don't have crypto.

Unfortunately Bitcoin and Ethereum are the only payment available, during the early phase of Forty Seven Bank sales Fiat payment was acceptable but was stop due to technical issues it was put on-hold.

That's too bad for the people who rather buy it direct through their fiat money but it is very easy to convert your fiat to ethereum or bitcoin and it is a lot faster if you buy cryto with crypto.

I think it is better if you have the option to pay with FIAT. But people who want to participate in an ICO know that they will need ETH or BTC for payment.

This shouldn't be a challenge really. Although I think it would've been a great idea if other payment options were possible considering the fact that the project is about financial services. Nevertheless, it isn't difficult to convert fiat to eth or btc

Yeah that's what i thought too but it is rather better to prevent a situation that will cause issues for both investors and the team which might lead to zero trust towards the 47bank project.

[Ace44]

If you contribute between 1-5 ETH, you will get the forty seven classic credit card, but if you contribute more than 5 ETH, you will get forty seven platinum credit card

Wow, what a great offer. Where you saw this news? Could you post that link/snapshot here, so more public will know about this offer/scheme? But that investors have to open account in there also?

Sorry to ask but What is the benefit of these cards to the holder?? I think this is the first time I am seeing anything about cards

FSBT token holders will have the following important benefits:

1) They will become the first clients of Forty Seven Bank;

2) The rights to be the first to try and use products and services offered by Forty Seven Bank;

3) Top priority place in Forty Seven Bank loyalty program;

4) Opportunity to contribute to the development of crypto
community and help in charity campaigns;

5) Discounts and special conditions for products and services of Forty Seven Bank;

6) Higher FSBL token cashback multiplier when paying with Forty Seven Bank debit or credit card;

7) The range of the most commonly used mobile and online banking products for free;

No fee for using Multi-Asset Account;

9) Opportunity to sell tokens more expensively on secondary market when they increase in value in future;

10) Possibility for traders to speculate on token yield.

what, you also implement a cashbacksystem? that's great. Even better is that Tokenholder get even more cashback :-)
All in all, I like these benefits list. I will take a closer look at individual points

Wait, you mean cash back policy?, like really?, this is the first of its kind in the crypto business, i think this should be made public to a lot of the community to see, you just highlighted awesome points, that are of essence, ears will twinkle if they hear this, Forty Seven Bank is really doing something different, which gives it the quality needed to go places

I think there are already other cashback projects in the crypt world, but 47BK is probably the first "crypto bank" that implements such a thing.
the other points are also so great that I can not highlight individual ones at all. No fees for the multi-asset accounts, wow. I'm sure they will not be cheap in the future (if you're not an ICO participant)

I have seen other projects spring up with almost same vision of 47BK even claim to have the PSD2 implemented in their project but never with this benefits and the cash back policy 47bk is putting in place which is commendable for a team  starting out but with a lot vision ahead

And another thing, for developers ,in order to upload their apps to Forty Seven Bank app platform and for businesses, for introducing smart contracts inside their business, they will need FSBT tokens, which means that tokens are going to have real demand on secondary market and the price for them will increase substantially.

[phantam]

And another thing, for developers ,in order to upload their apps to Forty Seven Bank app platform and for businesses, for introducing smart contracts inside their business, they will need FSBT tokens, which means that tokens are going to have real demand on secondary market and the price for them will increase substantially.

Yep the actual usage of the FSBT is what has me most excited for 47 bank, as you know a lot of banks use their tokens to signify something like a dividend etc, but theirs actually 0 usage for the token so theirs no real demand to drive the token price up over time. 47 bank on the other hand has actual usages and consumption and basically an ecosystem to drive the token, which should see as the company and bank grows demand for the token to grow as well, driving prices upward and earning investors a nice profit over time.

[Anilg]

Is the only payment currency's Bitcoin and Ethereum ? Some Icos have Paypal as payment option, and that it is great, because sometimes you don't have crypto.

Unfortunately Fortyseven bank accepts only BTC and ETH. As far as I know, they don't accept FIAT or some other means like credit card, paypal. May be its too late to introduce other currencies now.

You can still participate if you are interested. You can easily convert your fiat to either of the two accepted currency on coinbase.com. You cash easily use your credit card to purchase crypto from that website

There are plenty of alternatives to avoid the fees, coinbase is one for ease but a pain for verification. check out localbitcoins too there are lots of people selling  crypto for fiat and vice versa

Wow. Never knew of locakbitcoin. Hope they are safe for users?? I tend to trust coinbase.com though due to the large number of users they have

FIAT option not available, for me it makes bit difficult to Investe. But we can first buy ETH or BTC then we can invest in this ICO. It's worth to take this much afforts for project like FSBT

[ibininja]

47B was feature in The Asahi Shinbun Digital-the most prominent newspaper in Japan (370 million previews per month)! For Japanese readers, click here to read about 47B venture into the Japanese market https://t.co/Lfepm6Imin

Nice share I guess but it's in Japanese and I can't read it . I will try Google translation but not sure if it will work properly. I hope FSBT team can translate this news to English and share it with people.

Almost everything is in Japanese in Japan, even post-docs tend to write their articles in Japanes, it is not necessarily a barrier, but it does prove FSBT's reach in
 media exposure

This is really awesome i must say. All the accumulated hype around this project just makes me feel better and better by the day. See how they are advertising in many places 

All the hype are needed in order to push the project and it shows that the social media advertising team are doing a great job. This actually gives me hope that 47bk will hardly go down, it is a project that is gifted with success.

Yep a lot of icos have a short dip but it depends if they can keep their marketing up and keep demand for their token at a high level even after the ico completes. I’m pretty sure this one will because they seem to have an ongoing media push and on top of that they are producing a token with an actual usage that should drive demand

It is important to keep updates coming; otherwise things might stir differently. Any investor will surely do their own research to invest and they should also know while doing that research that team can or cannot deliver based on the information available not only on the information provided. So it is a really important question/statement posed here that the updates should not stop.

[Ace44]

And another thing, for developers ,in order to upload their apps to Forty Seven Bank app platform and for businesses, for introducing smart contracts inside their business, they will need FSBT tokens, which means that tokens are going to have real demand on secondary market and the price for them will increase substantially.

Yep the actual usage of the FSBT is what has me most excited for 47 bank, as you know a lot of banks use their tokens to signify something like a dividend etc, but theirs actually 0 usage for the token so theirs no real demand to drive the token price up over time. 47 bank on the other hand has actual usages and consumption and basically an ecosystem to drive the token, which should see as the company and bank grows demand for the token to grow as well, driving prices upward and earning investors a nice profit over time.

True, it actually has a purpose, not just to get the token and hodl but its need to actually solve a demanding purpose gives it that edge and substance that it needs to strive in an ever demanding market, creating a very useful token that leads to an ever increasing value  

[Nathan01]

When Forty seven bank goes to the exchanges, what do you think of our generic number in coinmarketcap?

We will announce before the end of ICO which exchanges are we going to get listed first in the beginning of April.

I would advice that FSBT get listed in top exchange with huge volume to maintain the hype even if it's one of such exchanges than get listed in several small exchanges and the hype gets dwindled.

[ganeshramk]

When Forty seven bank goes to the exchanges, what do you think of our generic number in coinmarketcap?

We will announce before the end of ICO which exchanges are we going to get listed first in the beginning of April.

Wow really this is great news, patiently waiting for April thanks for keeping us updated with the activities of Forty seven bank you've really been a source of information well done.

Do we really have doubts about the quality exchanges FSBT tokens will end up? I don't have that doubt. It is sure to hit very high quality and good exchanges for sure. Couple of weeks to go for the completion of the ICO. Lets wait and watch. In the mean time we just acquire FSBT tokens.

[nxnqauff]

Forty Seven Bank was recently featured in PRESIDENT Online in Japan

https://medium.com/@FortySeven47/forty-seven-bank-was-recently-featured-in-president-online-in-japan-4235572e7bf1

I have seen this message this morning and was very happy to see how things are developing for 47bank across geographies. Are they planning to go to USA as well or South America? that would be an very interesting and huge development in the end.

[Abah007]

If only 3 mil of forty seven bank tokens are sold, is it enough for the team to move to the next step of building up project?

[phantam]

Forty Seven Bank was recently featured in PRESIDENT Online in Japan

https://medium.com/@FortySeven47/forty-seven-bank-was-recently-featured-in-president-online-in-japan-4235572e7bf1

I have seen this message this morning and was very happy to see how things are developing for 47bank across geographies. Are they planning to go to USA as well or South America? that would be an very interesting and huge development in the end.

Well they said worldwide i don't see why that would exclude South America or the USA, i'd hope we will see it internationally rolled out to all countries. Or at least the big countries, with all the smaller ones following, i mean time will tell in the end but i really hope we see it make it into the USA. But USA regulations are insanely strict when it comes to crypto lately.

[cryptossi]

Is the only payment currency's Bitcoin and Ethereum ? Some Icos have Paypal as payment option, and that it is great, because sometimes you don't have crypto.

The Forty Seven Bank team were accepting fiat at the start of the ICO but I think they had an issue with the payment processor for the fiat investments. They were using paybis and their third party company was charging 10% transaction fees. Therefore Forty Seven Bank dropped them as a payment processor.

[Anilg]

When Forty seven bank goes to the exchanges, what do you think of our generic number in coinmarketcap?

We will announce before the end of ICO which exchanges are we going to get listed first in the beginning of April.

Wow really this is great news, patiently waiting for April thanks for keeping us updated with the activities of Forty seven bank you've really been a source of information well done.

Do we really have doubts about the quality exchanges FSBT tokens will end up? I don't have that doubt. It is sure to hit very high quality and good exchanges for sure. Couple of weeks to go for the completion of the ICO. Lets wait and watch. In the mean time we just acquire FSBT tokens.

There is not doubt about, FSBT will list on big/ high quality exchange. I already Invested some amount in FSBT and will add more once I manage to arrange ETH.

[ibininja]

Is the only payment currency's Bitcoin and Ethereum ? Some Icos have Paypal as payment option, and that it is great, because sometimes you don't have crypto.

The Forty Seven Bank team were accepting fiat at the start of the ICO but I think they had an issue with the payment processor for the fiat investments. They were using paybis and their third party company was charging 10% transaction fees. Therefore Forty Seven Bank dropped them as a payment processor.

Ya the 10% was exptreme; I think because it was considered as a high risk merchant? I am not sure; but it was best not to go for it; I for one would not use it if I am to be charged 10% it is crazy; it would be easier just to get eth and invest.

[nesh1]

Forty Seven Bank was recently featured in PRESIDENT Online in Japan

https://medium.com/@FortySeven47/forty-seven-bank-was-recently-featured-in-president-online-in-japan-4235572e7bf1

Great story i find it hard to read as i am not Japanese but i try my best with Google translate and it seems amazing what they are telling us about.

[cryptossi]

Is the only payment currency's Bitcoin and Ethereum ? Some Icos have Paypal as payment option, and that it is great, because sometimes you don't have crypto.

The Forty Seven Bank team were accepting fiat at the start of the ICO but I think they had an issue with the payment processor for the fiat investments. They were using paybis and their third party company was charging 10% transaction fees. Therefore Forty Seven Bank dropped them as a payment processor.

Ya the 10% was exptreme; I think because it was considered as a high risk merchant? I am not sure; but it was best not to go for it; I for one would not use it if I am to be charged 10% it is crazy; it would be easier just to get eth and invest.

I agree and I think the Forty Seven Bank team actually listened to peoples advice on this thread, because a lot of people were put off by investing because of the high fees. Its a shame they haven't been able to find another provider that could process fiat payments, but it's not the end of the world and ETH/BTC are the most popular forms of payment for ICO's anyway.

[Zombie259]

Is the only payment currency's Bitcoin and Ethereum ? Some Icos have Paypal as payment option, and that it is great, because sometimes you don't have crypto.

The Forty Seven Bank team were accepting fiat at the start of the ICO but I think they had an issue with the payment processor for the fiat investments. They were using paybis and their third party company was charging 10% transaction fees. Therefore Forty Seven Bank dropped them as a payment processor.

Ya the 10% was exptreme; I think because it was considered as a high risk merchant? I am not sure; but it was best not to go for it; I for one would not use it if I am to be charged 10% it is crazy; it would be easier just to get eth and invest.

I agree and I think the Forty Seven Bank team actually listened to peoples advice on this thread, because a lot of people were put off by investing because of the high fees. Its a shame they haven't been able to find another provider that could process fiat payments, but it's not the end of the world and ETH/BTC are the most popular forms of payment for ICO's anyway.

That's why we all need Forty Seven Bank, to close the gap between Fiat and Crypto. In the future you can participate as a 47B customer on any kind of ICO and no matter what kind of currency you need. You can change from Fiat to crypto without high fees and in seconds and vice versa.

[Ace44]

When Forty seven bank goes to the exchanges, what do you think of our generic number in coinmarketcap?

We will announce before the end of ICO which exchanges are we going to get listed first in the beginning of April.

Wow really this is great news, patiently waiting for April thanks for keeping us updated with the activities of Forty seven bank you've really been a source of information well done.

Do we really have doubts about the quality exchanges FSBT tokens will end up? I don't have that doubt. It is sure to hit very high quality and good exchanges for sure. Couple of weeks to go for the completion of the ICO. Lets wait and watch. In the mean time we just acquire FSBT tokens.

Same here, i don't have an inch of doubt, is a sure bet that this project will be an awesome one, apart from it been the first of its kind like i've severally stated, is a marketplace for other developers to come in, so what's doubtful about it?, absolutely nothing, not forgetting the fact that they also offer services to upcoming ICOs

[Gunny95]

When Forty seven bank goes to the exchanges, what do you think of our generic number in coinmarketcap?

We will announce before the end of ICO which exchanges are we going to get listed first in the beginning of April.

Wow really this is great news, patiently waiting for April thanks for keeping us updated with the activities of Forty seven bank you've really been a source of information well done.

Do we really have doubts about the quality exchanges FSBT tokens will end up? I don't have that doubt. It is sure to hit very high quality and good exchanges for sure. Couple of weeks to go for the completion of the ICO. Lets wait and watch. In the mean time we just acquire FSBT tokens.

Same here, i don't have an inch of doubt, is a sure bet that this project will be an awesome one, apart from it been the first of its kind like i've severally stated, is a marketplace for other developers to come in, so what's doubtful about it?, absolutely nothing, not forgetting the fact that they also offer services to upcoming ICOs

There are many ICO's emerging everyday but 47B is the only feasible one which can close the gap between the crypto community and the society, can't wait for the roadmap execution