Spectrocoin is basically a debit Visa card linked to a few crypto wallets, including Bitcoin, Ethereum, Dash and XEM. There are also GBP, USD and EUR separated accounts, all managed through a web and mobile interface.
But the ambitions of the team behind this project are way bigger, as they want to build a crypto bank called "Bankera" on top of this card (which is lately called just "our MVP project"). The concept of a " crypto bank" may seem completely decoupled from the decentralization usually associated with blockchain, but, as with any other thing in our lives, there must be some middle ground. And the challenge of finding this middle ground may be rewarding, in the end.
So, say about this intention what you want, but each week Bankera distributes 20% of their net transactional revenue (profits from transaction fees) to their BNK token holders.
Last week, this transactional revenue went above half a million EUR, as you can see from this excerpt from their newsletter:
I know very few fintech startups which are already distributing their profits to their stakeholders (STEEMIT is one of them, by the way) so I thought this is worth mentioning. Paying around 100,000 EUR each week to your token holders is not something trivial.
Especially since your ICO is still unfolding.
Disclaimer: I own a certain amount of BNK tokens.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):
What was the return on investment for this . Ie 0.5% per month?
When I read the bank I thought exactly that, it sounds like seem completely decoupled from the decentralization usually associated with blockchain, but the idea of having some tokens is attractive.
Thanks for the information @dragosrouaI will give you a look, who knows maybe I do with some tokens :)
Why can't I see it at coinmarketcap?
Because the ICO is still unfolding, that's why. Once the ICO is done, they will decide if they want to list it or not, but as long as the ICO is unfolding, the token is not tradeable.
Oh I see. So, this is your recommendation?
I don't do tokens recommendations, I just share news. :)
Oh I see. No problem. You're doing a fine job here at Steemit. Supporting you.
It is just another BIG thing waiting to happen in crypto world. I have an impression that this bankera is bankable.
As well it looks bankless at the same time ;)
This is tempting update:
Just finalizing my list of coins that I want to buy in the first week of January. Shared.
Steem On!
yeah i'm about to pick this one up and feature it on @cryptocards with a bunch of others including the revolut card that i already have (limited use) but yeah, this one allows loading ALTS so i'm interested in that for sure! :)
Revolut card seems to be awfully expensive at the moment. I mean, buying crypto with fiat from it.
sometimes, people just need options and whatever rate it is. it allows them to get fiat. so i hear you but costs have to come into it somewhere, for me it's great for storing away rent for 3 weeks, no fees on buyin litecoin, ether, bitcoin (obv bitcoin too volatile) but so far it's working out because no fees on the purchase as it's from their pool, so when we convert back (no fees again) into fiat for paying rent we made a little. keep doing that each month :)
Thanks for this, I have to look into that. Don't get me wrong, Revolut is a great instrument, I use it constantly to pay in fiat, mostly because it's contactless (as opposed to other Visa/MasterCard debit cards).
I didn't imagine they would do this before the ICO ended, very interesting
Yes, that's why I thought they deserve a shout.
This will help move away from fiat currency. Soon you will see only bitcoin or ether or ripple debit or credit card.
Hi @dragosroua,
You always come up with authenticity and research work. The way you create awareness among steemians is really appreciable. The newsletter you mentioned in your blog gives a detailed boost and confidence to get through all these coins with solid proof. This is something amazing you shared with us :
Although i am new here on #Steemit but i invested my money in XEM and in Doge.
You also mentioned something really important for readers like us
Thanks lot for this huge effort @dragosroua
Keep posting such valuable things and stay blessed
Bankera does not legit for me SpectroCoin had a lot of scam rumors as well their white paper half of it is copied from other ICO, their team looks strong, but that does not say that it is completly safe, bankex looks better as well FAST INVEST ICO looks amazing for me, they have already operating FinTech business with satisfied customers.
Yeah I agree mate, bankera does not look safe enough.
Wonderful work, thank you very much for info
good post
informative post about spectrocoin......
I read to your post
thanks for the info
Thanks for the informative sharing.
Extraordinary work, you do this job very well and neatly, analyze and predict and even always update data.
This could be big if some entity can make crypto to fiat too. I know a lot of people who believe in crypto wants it to replace fiat, but fiat has been here for hundreds of years. Can not imagine it disappear unless the governments intervene. They will likely ban crypto than fiat.
The move from crypto to fiat will make more people willing to invest in crypto in turn make the asset class gain more growth and stability. Thanks.
I feel like this is a step backwords.......
Excellent work @dragosroua
I also want to pick some and earn at bittrex. Keep it up man
they had a successful ico
wow good things are gonna come in the future..thanks for the news sir :)