First licensed crypto-BANK!

[stompix]

Has EQIbank been established and is operating or still in the project? if it is not already operational, then there is one more project that has obtained a license before EQIbank, it is World Bit Bank, they obtained a license in February 2018. You can see it on the website https://wbb.io

They didn't obtain a banking license they've just obtained a license for running a web wallet and an exchange service.
Besides those are obtained in Estonia, and in Estonia, you can get a business up and running in a couple of hours online.

Ignoring the team, made out of guys that were running a fitness business in the past the whole roadmap is hilarious.

27.06.2018-01.09.2018
Acquisition of an existing bank in Europe;

01.09.2018-31.12.2018
ICO and raising 250 million € for acquisition of nine existing banks (scaling)

250 million for 9 banks? lols, Piraeus sold their crappy business with 100 000 clients in Serbia !!!!!! for 70 million and they want to buy 9 in the EU , US and Japan???

Let's see how this scam will end!

[cluit]

Not a chance! Do you know why I am in this business at the first place ?

To become my own bank, that is what bitcoin has promised me, to be my own bank. I do not like banks, I actually HATE banks and this is why I was interested in bitcoin early on as well, I have been around longer than most people because I was literally searching ways to live my life without having to worry about any banks.

Banks are deceitful and scammers and they will do anything and everything in their power to make even a single cent from you. Banks like HSBC is literally the reason why people are suffering today. They go out and make deals with drug dealers to make their money legit however at the same time they call you and tell you to pay your 1.13 dollar "debt". That is not a freaking debt thats chump change and if you do not pay (who cares about 1.13 dollars) than they will call every single family member telling them to tell you to pay.

[anthonytcm]

Not a chance! Do you know why I am in this business at the first place ?

To become my own bank, that is what bitcoin has promised me, to be my own bank. I do not like banks, I actually HATE banks and this is why I was interested in bitcoin early on as well, I have been around longer than most people because I was literally searching ways to live my life without having to worry about any banks.

Banks are deceitful and scammers and they will do anything and everything in their power to make even a single cent from you. Banks like HSBC is literally the reason why people are suffering today. They go out and make deals with drug dealers to make their money legit however at the same time they call you and tell you to pay your 1.13 dollar "debt". That is not a freaking debt thats chump change and if you do not pay (who cares about 1.13 dollars) than they will call every single family member telling them to tell you to pay.

I mean sure, banks are the antithesis of what we're trying to achieve, but that doesn't automatically/magically makes them dissappear, we need people to be able to take their funds away from banks and make it easy as most people don't care to learn the intricacies of how the tech world is run. With that said, I think EqiBank is precisely that, a mean to this goal, we can't just impose a different economic system without laying the proper foundations for transitioning away from the banking system.

Or that's at least the way I see it.

[1Referee]

Not a chance! Do you know why I am in this business at the first place ?

To become my own bank, that is what bitcoin has promised me, to be my own bank. I do not like banks, I actually HATE banks and this is why I was interested in bitcoin early on as well, I have been around longer than most people because I was literally searching ways to live my life without having to worry about any banks.

Banks are deceitful and scammers and they will do anything and everything in their power to make even a single cent from you. Banks like HSBC is literally the reason why people are suffering today. They go out and make deals with drug dealers to make their money legit however at the same time they call you and tell you to pay your 1.13 dollar "debt". That is not a freaking debt thats chump change and if you do not pay (who cares about 1.13 dollars) than they will call every single family member telling them to tell you to pay.

I fully agree with you, but we're not the only one in this space.

Crypto related services with a banking license means more money that will flow into this ecosystem, where on top of that, now these services are a bank themselves, they don't have to deal with other shitty banks out of nothing freezing their bank accounts. Just look at how exchanges currently suffer from how stupid and paranoid banks are; they freeze bank accounts left and right for no reason.

Coinbase is working on its license as well, and it will be granted to them for sure, and when that happens, it will significantly increase investor's confidence in that platform, and it might even attract more fiat than ever before.

If there is one thing we need, it's more fiat flowing into this system, and like it or not, the far majority of the people here buy themselves into Bitcoin through a centralized service.

[andika2018]

From what i know, cryptocurrency created because not trust on banking system. Cryptocurrency eliminate third party like banks. When we creating bitcoin wallet, we like opening bank account, but i think its good idea if cryptocurrency bank will created and we will see the bussiness model

[Renaldi blackspadeteam]

EQIBank is definitely proud to get The first crypto-BANK license, I saw a lot of Cryptocurrency competition that was prestigious and getting hotter, and to be honest I wanted to know the end result of crypto competition in the future.

[BitHodler]

Bank or not, I rather stick to the traditional banks than to use a newbie in the space only out to further extort their users. People value service at low cost, which isn't something EQI can provide.

It's waiting for the traditional banks to add support for people to buy and sell crypto from within their online banking portal. I am of believe that we'll see the first legacy bank doing that pop up before the end of 2019.

I'm not saying it's good or bad with how that's against what people here believe in, but it will happen anyway with how much there is to gain in fee income during active market phases.

[GirlBitcoin]

I think so. This is really a new business. They do not go through trading floors to make money from investors. Banks are the most practical and investors can control their money at a real office. This will help many investors trust and use EQI. Hope it will succeed and contribute more to the Crypto market.

[NRista94]

Hmmm, more like a token bank which will use its own token.
And the fees...god !!!!!...the feees !!!!

https://eqibank.com/fees/

Annual Fee:   Accounts <€5M Maintenance € 1’000
Wire Transfer Fee:   € 100

I hope there are quite a few of extra zeros in that table or it's some sort of Aprils Fools Halloween joke !

Lol yeah what are the tokens for if they already keep your cash and crypto for you? It makes much more sense to use those for whatever you might need. The memberships also feel like they just want you to buy tokens.

But yeah, the concept might be intriguing, but I can take care of my crypto myself so I probably won't be in the market for this kind of banking anytime soon. I can see this being quite polarizing.

Crypto Banking, Why? The driving force behind this interest isn’t so much the cryptocurrencies themselves, as it is the technology that the industry is built on – Blockchain!
And also, EQI is going to have an built-in exchange, so you would have everything on one place, check this out
https://nulltx.com/are-banks-really-using-blockchain/

[shinharu10282016]

Hmmm, more like a token bank which will use its own token.
And the fees...god !!!!!...the feees !!!!

https://eqibank.com/fees/

Annual Fee:   Accounts <€5M Maintenance € 1’000
Wire Transfer Fee:   € 100

I hope there are quite a few of extra zeros in that table or it's some sort of Aprils Fools Halloween joke !

Lol yeah what are the tokens for if they already keep your cash and crypto for you? It makes much more sense to use those for whatever you might need. The memberships also feel like they just want you to buy tokens.

But yeah, the concept might be intriguing, but I can take care of my crypto myself so I probably won't be in the market for this kind of banking anytime soon. I can see this being quite polarizing.

Crypto Banking, Why? The driving force behind this interest isn’t so much the cryptocurrencies themselves, as it is the technology that the industry is built on – Blockchain!
And also, EQI is going to have an built-in exchange, so you would have everything on one place, check this out
https://nulltx.com/are-banks-really-using-blockchain/

The fees are quite high. What's with that? It almost costs more than a bank would pull out of your account when your wire transfer money to be made by them. That's just another 'licensed platform' who's gonna milk out their potential customers some fees. Lol and that just killed the very concept of why blockchain technology exists.

[GregH37]

Hmmm, more like a token bank which will use its own token.
And the fees...god !!!!!...the feees !!!!

https://eqibank.com/fees/

Annual Fee:   Accounts <€5M Maintenance € 1’000
Wire Transfer Fee:   € 100

I hope there are quite a few of extra zeros in that table or it's some sort of Aprils Fools Halloween joke !

I am really hoping it is actually a Halloween joke. But if this is for real, and looking at the fees, that is pretty typical of banks. It is actually absurd to even see some people seeing this as a great innovation and then probably there is every chance that the banks already know that there are some people who do not actually understand any concept at all.

Banking will always be banking and as far as I am concerned, it is something I have made my decision to not see as anything I even want to have much to do with in the long run. Right now, it is basically because I don't see any means to do so yet, but as time goes on and I get to see bitcoin being used in real life or cryptocurrency attaining some height of usefulness in the real world, banks will suck to me. Like jseverson said, it actually does not make any sense, when I can be my own bank.

[Kakmakr]

The massive fees that they are charging, will be the barrier to entry that Satoshi wanted to get rid of, when he created this technology. Satoshi did not want people to pay $500 to use Bitcoin, so why should we pay this to a centralized Bank?

The unprofessional website will also raise some eyebrows, when people visit the site for the fist time. We do not need another fly-by-night operation like this to use Bitcoin, because they are a dime a dozen these days.     

Give us a legit Bank that are not afraid to operate under presure from governments and who would be willing to open their doors to Crypto currency users, who wants to link their Bank to their Crypto exchange. <Give other Banks competition, when they close Crypto currency users accounts.> 

[rickadone]

Not a chance! Do you know why I am in this business at the first place ?

To become my own bank, that is what bitcoin has promised me, to be my own bank. I do not like banks, I actually HATE banks and this is why I was interested in bitcoin early on as well, I have been around longer than most people because I was literally searching ways to live my life without having to worry about any banks.

Banks are deceitful and scammers and they will do anything and everything in their power to make even a single cent from you. Banks like HSBC is literally the reason why people are suffering today. They go out and make deals with drug dealers to make their money legit however at the same time they call you and tell you to pay your 1.13 dollar "debt". That is not a freaking debt thats chump change and if you do not pay (who cares about 1.13 dollars) than they will call every single family member telling them to tell you to pay.

I really do feel your pain bro, and I totally agree with you that banks have been a huge pain in our asses, but one way or the other, I still see them as a necessary evil. In as much as we may not like them, their policies or how they have done things over the years, they still basically serve a purpose and I do not think that purpose is something that can easily go away.

Moreover, what I am seeing here is more like a service which I believe will be channeled to some faction of people who really cannot do things on their own but would like to participate in the cryptocurrency space, and in that case, it is a mutual benefit, but apparently, no one is imposing anything on anyone, but we all know banks will never stop with their extortions one way or the other.

[AlehandroTheGreat]

no chance for this idea, banks and crypto can not work together, we need choose between them and take only one option 

[avikz]

Has EQIbank been established and is operating or still in the project? if it is not already operational, then there is one more project that has obtained a license before EQIbank, it is World Bit Bank, they obtained a license in February 2018. You can see it on the website https://wbb.io

I believe Eqibank is already licensed as per the claim on their website. However, I am unable to see any proof as such! On the other hand, I see WBB ICO is still running and the license number is mentioned in their website! While investigating further on the given license numbers, I see the WBB is not at all licensed as a Banking organization!

Instead they are licensed as a "virtual currency wallet service" and "Virtual currency exchange service", but not as as Banks! Check the below links,

https://mtr.mkm.ee/taotluse_tulemus/478892
https://mtr.mkm.ee/taotluse_tulemus/478888

So I doubt the legitimacy of the claim where they say that WBB is the "First Licensed Legal Cryptocurrency Bank"! There is difference in claim and reality!

[Semosuchi Tesongrato]

A bitcoin bank is a contradiction in terms, since the blockchain is already a bank. In addition, in this operation there are many obscure points, so it seems to me a good and good scam. We'll see how it turns out.

[Hemady17]

Hmmm, more like a token bank which will use its own token.
And the fees...god !!!!!...the feees !!!!

https://eqibank.com/fees/

Annual Fee:   Accounts <€5M Maintenance € 1’000
Wire Transfer Fee:   € 100

I hope there are quite a few of extra zeros in that table or it's some sort of Aprils Fools Halloween joke !

100 euros? Only for transferring fee? It is too high. I don't want to say that it is good in the part of cryptocurrency people but it does not mean that it will become assurance of price hiking. Well, I thought that banks never want crypto to exist so I assume also that this is a token bank. Well, a lot of ICO's I saw that are related in crypto banking which are scam.

[Osarman]

Hmmm, more like a token bank which will use its own token.
And the fees...god !!!!!...the feees !!!!

https://eqibank.com/fees/

Annual Fee:   Accounts <€5M Maintenance € 1’000
Wire Transfer Fee:   € 100

I hope there are quite a few of extra zeros in that table or it's some sort of Aprils Fools Halloween joke !

This is new news in my encyclopedia and before it, I had known that Venezuela is going to officially open a crypto bank for the revival of their economy that will help them tackle the challenges they have been facing in the form of hyperinflation and inflation. So this is not bad because ultimately it helps you transform things into a digital format and the more people use the banking facility, the more the demand for the coins will rise plus the knowledge about cryptocurrency will spread.

[stompix]

~

This is new news in my encyclopedia and before it, I had known that Venezuela is going to officially open a crypto bank for the revival of their economy that will help them tackle the challenges they have been facing in the form of hyperinflation and inflation. So this is not bad because ultimately it helps you transform things into a digital format and the more people use the banking facility, the more the demand for the coins will rise plus the knowledge about cryptocurrency will spread.

Seriously, what are you talking about?
Venezuela? Who mentioned Venezuela?

And it is not bad? it's 100$ fee for a transfer, do I have to spell it for you what it means?
It means increased cost of services > inflation!!!!!! , exactly the stuff you were so afraid of.

~
I am really hoping it is actually a Halloween joke. But if this is for real, and looking at the fees, that is pretty typical of banks. It is actually absurd to even see some people seeing this as a great innovation and then probably there is every chance that the banks already know that there are some people who do not actually understand any concept at all.

I'm turning day by day into a pessimist and when I read my posts I sometimes think I'm exaggerating stuff a bit but that's just till the next piece of news makes me think I'm right.

What have we done with cryptos to change the flawed system into something better? Almost nothing!
We have almost centralized currencies whose characteristics are determined by some team nobody elected, a lot of web wallets
 replacing banks with crappier security and 10x more exit scams and ICOs...no  need to add more here.

And those crappy services that have the nerve to come with a bunch of lies and astonishing fees are actually getting applauded by people here!!  It might be that they are only sig spammers who don't bother to read but still...

[mazdafunsun]

At this point webpage is not working for me, i cant tell how legit they are but as far as i can tell from linkedin page, it seems far fetched- account opening in the end of 2018.
Since cryptos at large are not regualted yet, i dont see how this could be a legitmate venture, at least not now. Maybe they can do regualr finances while being crypto friendly..till regulation is in place.