ENTRY: A New Paradigm in Banking Operation

At the heart of the relationship between the banks and customers is trust. Trust indeed as many have said is the life-wire of the banking system, it is also the highest form of motivation without trust parties cannot enter into any deal. The various financial crises that have bedeviled the global economy more often than not could be pinned down to a chiselling on this or total erosion of this most important commodity.

Banks fail most times when depositors can no longer trust their banks for the safe keeping of their deposits and that they can make withdrawals whenever they want to without having to bed fed with tall stories. For transactions to be feasible the parties involved must trust each other without trust business deals are like a building without a strong and formidable foundations. Block chain with its configuration provides a trust less ecosystem

But transactions across international borders in the traditional/Fiat system come with a lot of jurisdictional challenges that makes them complicated expensive and time consuming. For example the cost attached to remittances by account holders is exorbitantly high.

Entry by integrating block chain into their operation is enabling a peer to peer transactions thereby eliminating the burden associated with jurisdictional differences in transferring money across countries.
Entry presently runs on the ethereum architecture. This fact will not only make the everyday banking services like lending and depositing easy and smooth but will function as the crypto-currency exchange for the consumer and business world. For those who have been expecting a synergy in the use of Fiat money and their crypto-currency, this network will make that dream a reality.

The five cardinal aspects of ENTRY business model are

1. Entry-money, will allow users deposit withdraw and store Fiat as well as crypto-currency.
2. Entry- exchange . will be a clearing house for all transactions, under here buying and selling of crypto-currencies will be taking place.
3. Entry-cash: debit cards will be provided while charges for their use will be close to nothing to allow many people to get into the system.
4. Entry-bank a traditional banking service provider using the leverages that block chain offers, deposits and payments can be made by users.
5. Entry-network . this will provide an underlying platform for third party partners for the development of spin off banking services on Entry platform.
   
   Entry.Token:
   The virtual currency of the platform that will be used for peer to peer transactions
   Entry is a position to cause a disruption in your traditional way of doing banking business by enabling a peer to peer payment system that eliminate to a large extent intermediaries who despite not contributing much by way of investment and value are entitled to substantial fees in the financial value chain. A typical example is the fact that cross border money transfer is expensive, at times complicated cumbersome and bedevilled by different financial rules by the different countries of origin and destination but a transparent and security guaranteed ecosystem that Entry promises will help to eliminate these jurisdictional bottleneck ushering in a seamless and hassle-free payment and cash transfer system.

For example rules and regulations for wire transfer vary from one financial jurisdictions to the other. the requirement in the united states of america is different from what is considered important in some far flung developing countries in Africa, these differences usually bring about delays and bureaucracy that slow down the transfer of money which in most cases brings discouragement to account holders. A system that guarantees efficiency, swiftness transparency and trust and delivers all these at minimal or close to nothing charges to the account holder is what Entry envisages.
Entry initial crypto-currency offer is ongoing and it is a great opportunity to buy into a future with a near guarantee of huge returns on investment.

With a well recommended team led by it's chief executive office Tomas Ambrazas the expected disruption in the traditional banking system to create a symmetry between the emerging block chain enabled new financial paradigm and the Fiat system is sure to happen.

LINKS:
BTT/ANN thread:https://bitcointalk.org/index.php?topic=3229958.0
Website:http://entry.money/
Whitepaper:
https://entry.money/ENTRY_Whitepaper_v1.pdf

My Bitcointalk profile :https://bitcointalk.org/index.php?action=profile;u=2184825