The banking and financial sector is the backbone of any economy in the modern world. It plays a key role in the economy of any country. It is clearly understandable that the development of that particular country is intergrally linked with the development of banking and financial sector.
Whether It is a government, a company or an individual, Banking and financial services such as Loans, Money management and all other services are very important for everyone. Today my review will be about a project which is related to this sector. Project name is "ENTRY".
What is ENTRY?
Entry is a project that aims to provide banking services using the blockchain technology allowing to increase the flow of cryptocurrency in the real economy. One of impressive features of this project is , The platform users can use both the fiat currencies and crypto currencies for their daily purchases.
As I mentioned earlier, A major purpose of designing this project is to increase the usage of the cryptoucrrrencies among the ordinary people world wide. As it is designed as a multi tasking platform, There will be various services on this platform for the public and also for financial sector.
Accessing the crypto world and using Crypto never have been easier so far. This complexity has been able to do slow down the growth rate of Cryptocurrrency. This project is ready to address that problem allowing its users to use crypto currencies and fiat currencies on this platform for their day to day purchases without having a great knowledge about crypto or blockchain technology.
ENTRY also will work as a payment gateway between fiat and crypto that enables online shopping through Entry web interface and the mobile app. At the begninig,Project targets the Europe. Therefore, The platform only supports EUR fiat currency As the ENTRY evolves all other major fiat currencies will be surely added to the platform. Just like a traditional bank, ENTRY users will be able to deposit, withdraw, transfer and store currencies on this platform. Difference is, You can use both fiat and crypto for this purposes on this platform powered by blockchain technology which brings transparency and secure naturally with it. ENTRY also allows merchants to utilize the platform to make the currency conversions for their sales and to receive profits in fiat. This platform can eliminate currency limitations and difference which occur due to geographical reasons so that merchants can trade their goods all over the world without any hesitation. While the buyers can purchase goods with cryptocurrencies the merchants can receive payments in fiat currencies.
Project Advantages
Platform users can access to cryptocurrency and use them easily
Users can save records of transaction history inside the system
A Unique platform at the same time revolutionary one which change the tradtional banking methods
Increase the level of of use of Cryptocurrrencies for people's daily purchases
It charges very low fee rates for withdrawal and deposits from the exchange compared to other exchanges.
Platform has an incentive system. The users get rewards when they purchase goods using the ENTRY wallet.
Summary
ENTRY is a blockchan based bank to offer better banking service to people and merchants. This platform is designed to increase the flow of crypto in the economy. The platform will make it easier for people to use fiat and crypto for their day to day activities without having to be afraid of the technology behind it. Also, ENTRY is a crypto and fiat payment gateway that enables e shopping via web and mobile devices. With this platform. Users can deposit, withdraw, store, and transfer fiat and cryptocurrencies easily. Merchants also can trade beyond the geographical issues on this platform. While the buyers can purchase goods with cryptocurrencies the merchants can receive payments in fiat currencies
Team
Road Map
2015 - Started development and obtained Money Institution License.
2017 - Signed agreement with Central bank to get SWIFT and IBAN numbers to connect EU SEPA system.
2017 -Developed payment gateway (credit/debit cards, bank links and others) to collect funds for online shops.
2017 - Started integrations with Central Bank system to provide peer-to-peer payments to all EU banks and started to
build infrastructure for international payments.2017 -Started crypto-exchange and beta version will be ready before ICO or during ICO.
2017 -Conducted meetings with card issuers for issuance of MasterCard or Visa cards to the ENTRY users and invested
more than 1 million Euro for continuous development of the platform.2018, 1st to 3rd Quarter - Started developing Pre-ICO and ICO. During ICO we will launch payment gateways
(ENTRY.MONEY) with bank accounts for personal use. We will launch crypto exchange (ENTRY.EXCHANGE).2018,4th Quarter - Change money institution license (already obtained) to Electronic Money License or European Bank
License. Starting to obtain financial licenses outside EU to operate worldwide.2019, 1st-2nd Quarter- Expand (ENTRY.MONEY) services adding business account worldwide and launch app.
2019, 3rd-4th Quarter - Release (ENTRY.NETWORK) wallet to store, send, receive your crypto, participate in ICO through
wallet. Blockchain (own or partners owned).2019, 4th Quarter - Start P2P Lending (ENTRY.BANK).
2020,2st-3rd Quarter - Launch ATM systems (ENTRY.CASH) and put cash machines for beta testing.
2020, 3rd-4th Quarter - Start partnerships with agents to provide deposits and withdrawal services with cash.
2021 -Investment, loans and other banking and finance services worldwide.
ICO and Token details
The token symbol is ENTRY that going to be used in this ecosystem what is a ERC-20 compliant token issued by the Ethereum Blockchain. The hard cap amount of the project is 325,000,000 ENTRY and the softcap is 25,000,000 ENTRY . The total supply is 590,000,000 ENTRY. 0.1 EUR is the price of one ENTRY at preICO and ICO price is 0.15 EUR.
Token Name : ENTRY
PreICO Price 0.1 EUR
Price 1 ENTRY = 0.15 EUR
Platform - ENTRY
Accepting BTC, ETH, DASH, Fiat
Minimum investment - 1 ENTRY
Soft cap - 25,000,000 ENTRY
Hard cap - 325,000,000 ENTRY
Country - UK
Restricted areas - USA
Token Distribution
Use of Funds
Find more details here
Website: https://entry.money
Whitepaper: https://entry.money/ENTRY_Whitepaper_v1.pdf
Linkedin: https://www.linkedin.com/company/entry-money/
Telegram: https://t.me/Entry_Official
Twitter: https://twitter.com/EntryMoneyICO
Github: https://github.com/EntryMoney
Midium: https://medium.com/@entry
Discord: https://discord.gg/ARD34SV
Sounds a great project. If this project can increase the usage of cryptocurrency among ordinary people It can change the crypto world.
Absolutely correct @kithmi. I agree with you
a good project. good article. keep it up.
Thank you @chamaram
Another nicely analyzed article. Thanks for sharing it with us.
Thank you @babara20