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

[privatum]

Just a quick question (didn't read the whole whitepaper & thread, so sorry if already answered):
1) where do you plan to acquire banking license (UK)?
2) how do you plan to solve AML difficulties that come with the crypto world anonymity - traditional banks must have very complicated systems to control money flow, how do you plan to do this with crypto?

[Owillz]

seeing the progress of ICO right now I believe Forty Seven will be able to reach hard cap, 22 days left and more than 50% token has been sold.

Yeap, they already reached softcap and already reduced hardcap. More than 55% FSBT then sold in hardcap.

As i already have said this, but Forty Seven bank did really well to extend it. Now more people are joining it as we can see on the live counter. I do hope that it is going to be listed above the ICO price though.

Yea. I hope so too. That will help flush out of the system all those who love to dump tokens early cause I know some persons will surely dump for a quick profit. And news about exchanges this is to be listed yet?

[Hendobox]

seeing the progress of ICO right now I believe Forty Seven will be able to reach hard cap, 22 days left and more than 50% token has been sold.

Yeap, they already reached softcap and already reduced hardcap. More than 55% FSBT then sold in hardcap.

Reaching the softcap was the main goal during the ICO sale, they have achieved this and they over the halfway mark towards their hardcap and there are still 2-3 weeks left of the token sale.

Most definitely, they will. The numbers keep increasing day by day, and keep it in mind that there are some investors who just have the habit of investing towards the very end of ico.

[Ace44]

GuardaWallet has natively supported FSBT token. Transfers, deposits, easy-to-use bank card purchase and exchange available for our token holders!

Really, never knew about that, i mean, i heard about the wallet but never knew about its implementation, i think Forty Seven Bank just gave other projects a run for their money, like light-years away, as this will be one of the safest ICO ever, having a hardware wallet is an extremely high bonus

[Cnote328]

seeing the progress of ICO right now I believe Forty Seven will be able to reach hard cap, 22 days left and more than 50% token has been sold.

Yeap, they already reached softcap and already reduced hardcap. More than 55% FSBT then sold in hardcap.

I think reducing the hardcap was really a good idea, I'm confident Forty seven bank will reach their hardcap. The market looks like it's improving hopefully it does which will be plus for 47B.

[Nathan01]

seeing the progress of ICO right now I believe Forty Seven will be able to reach hard cap, 22 days left and more than 50% token has been sold.

Yeap, they already reached softcap and already reduced hardcap. More than 55% FSBT then sold in hardcap.

As i already have said this, but Forty Seven bank did really well to extend it. Now more people are joining it as we can see on the live counter. I do hope that it is going to be listed above the ICO price though.

I would be disappointed if it is not listed above ico price and i believe fortyseven bank token will be one of the tokens that will do well even in this market.

Maybe it will list under the ICO price, but I am sure that it will go over the ICO price in time. You simply can't predict the market and what the price will be.

the market is simply unreliable as we speak and i support them waiting till market is stable before they list, FSBT has a real good usecase so it will thrive

[Abah007]

Fortysevenbank aim to give opportunity to developers with small or medium capital to create white label applications which will be able to compete with traditional banks.

[Hendobox]

Fortysevenbank aim to give opportunity to developers with small or medium capital to create white label applications which will be able to compete with traditional banks.

This is really one of the good reasons why I like this project. Any project that creates room for innovation is bound to be a great success on the long run

[girib1684]

seeing the progress of ICO right now I believe Forty Seven will be able to reach hard cap, 22 days left and more than 50% token has been sold.

Yeap, they already reached softcap and already reduced hardcap. More than 55% FSBT then sold in hardcap.

As i already have said this, but Forty Seven bank did really well to extend it. Now more people are joining it as we can see on the live counter. I do hope that it is going to be listed above the ICO price though.

I would be disappointed if it is not listed above ico price and i believe fortyseven bank token will be one of the tokens that will do well even in this market.

Maybe it will list under the ICO price, but I am sure that it will go over the ICO price in time. You simply can't predict the market and what the price will be.

the market is simply unreliable as we speak and i support them waiting till market is stable before they list, FSBT has a real good usecase so it will thrive

I am also expecting like this. Before they list in market, it should recovered or early investors will face issues about price.

[nebes]

advertising in all directions. https://bitcointalk.org/index.php?topic=3203316.0

[ibininja]

Just a quick question (didn't read the whole whitepaper & thread, so sorry if already answered):
1) where do you plan to acquire banking license (UK)?
2) how do you plan to solve AML difficulties that come with the crypto world anonymity - traditional banks must have very complicated systems to control money flow, how do you plan to do this with crypto?

I think I can answer the first one; it is  a yes; the plan is to start with the UK. For the second point/questions the team can answer that; however my personal input on this is that they will be KYCing any member to join their system. basically exactly like a bank.

[gee777]

Fortysevenbank aim to give opportunity to developers with small or medium capital to create white label applications which will be able to compete with traditional banks.

How will this be done,  will there be some kind of discount giving to the developers or a competition will be done to give free access to developers.

[Anilg]

seeing the progress of ICO right now I believe Forty Seven will be able to reach hard cap, 22 days left and more than 50% token has been sold.

Yeap, they already reached softcap and already reduced hardcap. More than 55% FSBT then sold in hardcap.

As i already have said this, but Forty Seven bank did really well to extend it. Now more people are joining it as we can see on the live counter. I do hope that it is going to be listed above the ICO price though.

I would be disappointed if it is not listed above ico price and i believe fortyseven bank token will be one of the tokens that will do well even in this market.

Maybe it will list under the ICO price, but I am sure that it will go over the ICO price in time. You simply can't predict the market and what the price will be.

the market is simply unreliable as we speak and i support them waiting till market is stable before they list, FSBT has a real good usecase so it will thrive

I am also expecting like this. Before they list in market, it should recovered or early investors will face issues about price.

Do we have any latests update from FSBT team regarding progress/current status about development? What's completed and what's going on currently?

[Ace44]

Fortysevenbank aim to give opportunity to developers with small or medium capital to create white label applications which will be able to compete with traditional banks.

Talk about an opportunity that is rarely seen, lets just relax and think about how enormous it is to set up your own financial platform, many will eventually give up but forty seven bank is changing that by providing an easy avenue for developers to use and develope their intended packages 

[cryptorani]

seeing the progress of ICO right now I believe Forty Seven will be able to reach hard cap, 22 days left and more than 50% token has been sold.

Yeap, they already reached softcap and already reduced hardcap. More than 55% FSBT then sold in hardcap.

As i already have said this, but Forty Seven bank did really well to extend it. Now more people are joining it as we can see on the live counter. I do hope that it is going to be listed above the ICO price though.

I would be disappointed if it is not listed above ico price and i believe fortyseven bank token will be one of the tokens that will do well even in this market.

Maybe it will list under the ICO price, but I am sure that it will go over the ICO price in time. You simply can't predict the market and what the price will be.

the market is simply unreliable as we speak and i support them waiting till market is stable before they list, FSBT has a real good usecase so it will thrive

How to calculate ICO price? It's not fixed in USD, it's fixed with ETH. And based on ETH price FSBT token price is also moving? Sorry if my assumption is wrong?

[FortySeven]

seeing the progress of ICO right now I believe Forty Seven will be able to reach hard cap, 22 days left and more than 50% token has been sold.

Yeap, they already reached softcap and already reduced hardcap. More than 55% FSBT then sold in hardcap.

As i already have said this, but Forty Seven bank did really well to extend it. Now more people are joining it as we can see on the live counter. I do hope that it is going to be listed above the ICO price though.

I would be disappointed if it is not listed above ico price and i believe fortyseven bank token will be one of the tokens that will do well even in this market.

Maybe it will list under the ICO price, but I am sure that it will go over the ICO price in time. You simply can't predict the market and what the price will be.

the market is simply unreliable as we speak and i support them waiting till market is stable before they list, FSBT has a real good usecase so it will thrive

I am also expecting like this. Before they list in market, it should recovered or early investors will face issues about price.

Do we have any latests update from FSBT team regarding progress/current status about development? What's completed and what's going on currently?

Please read this: https://medium.com/@FortySeven47/forty-seven-api-first-version-is-released-257af748d6b5

[Owillz]

GuardaWallet has natively supported FSBT token. Transfers, deposits, easy-to-use bank card purchase and exchange available for our token holders!

Really, never knew about that, i mean, i heard about the wallet but never knew about its implementation, i think Forty Seven Bank just gave other projects a run for their money, like light-years away, as this will be one of the safest ICO ever, having a hardware wallet is an extremely high bonus

As for me, I never knew about the existence of the wallet until they popped up on 47B radar. They must not have gotten much awareness in the crypto world. This is a good one for them though

[FortySeven]

Just a quick question (didn't read the whole whitepaper & thread, so sorry if already answered):
1) where do you plan to acquire banking license (UK)?
2) how do you plan to solve AML difficulties that come with the crypto world anonymity - traditional banks must have very complicated systems to control money flow, how do you plan to do this with crypto?

Because in order to become official bank we will have to get the license from Financial Conduct Authority (FCA) in the United Kingdom.

We are planning to develop Forty Seven Bank App Platform that will become heaven for fintech developers, as they will be able to create fintech applications and use umbrella services of the bank (KYC, AML, our customer base, etc.).

Yes, you're right. There are challenges, but we have already faced similar challenges in the past and were successful in dealing with them, so, we consider them as challenges, but not as difficulties.

[jamzzz123]

Just a quick question (didn't read the whole whitepaper & thread, so sorry if already answered):
1) where do you plan to acquire banking license (UK)?
2) how do you plan to solve AML difficulties that come with the crypto world anonymity - traditional banks must have very complicated systems to control money flow, how do you plan to do this with crypto?

Because in order to become official bank we will have to get the license from Financial Conduct Authority (FCA) in the United Kingdom.

We are planning to develop Forty Seven Bank App Platform that will become heaven for fintech developers, as they will be able to create fintech applications and use umbrella services of the bank (KYC, AML, our customer base, etc.).

Yes, you're right. There are challenges, but we have already faced similar challenges in the past and were successful in dealing with them, so, we consider them as challenges, but not as difficulties.

Fantastic update and it's good to see some the official team active on this thread and answer any uncertainies the community have!!

This is why FortySeven will be a success and it's interesting regarding the FCA licence... Is there any ETA on that ?

[Zombie259]

Just a quick question (didn't read the whole whitepaper & thread, so sorry if already answered):
1) where do you plan to acquire banking license (UK)?
2) how do you plan to solve AML difficulties that come with the crypto world anonymity - traditional banks must have very complicated systems to control money flow, how do you plan to do this with crypto?

Because in order to become official bank we will have to get the license from Financial Conduct Authority (FCA) in the United Kingdom.

We are planning to develop Forty Seven Bank App Platform that will become heaven for fintech developers, as they will be able to create fintech applications and use umbrella services of the bank (KYC, AML, our customer base, etc.).

Yes, you're right. There are challenges, but we have already faced similar challenges in the past and were successful in dealing with them, so, we consider them as challenges, but not as difficulties.

Wow great update. It will be tough to get a FCA license, but with an experienced Team like 47B it will go. The heavenly bank app will be very attractive for developers, you should promote the app more.