KryptoBank: The Cryptowallet

For Everyone

Our Mission: Enable our users to transact worldwide with any cryptocurrency, fiat currency, stock, or commodity.

 

 

The only cryptowallet you need in your life

It is estimated that in just under 10 years the crypto-economy will exceed 10 trillion dollars. Despite this, no one has developed an easy way to use cryptocurrency as a currency. The ability to use cryptocurrency for everyday transactions is an important part of the development of the cryptoeconomy. KryptoBank is in the developmental stages of making a platform that will put the currency into cryptocurrency.

Facilitators of Transactions Worldwide

If your country has an internet connection, you will have the ability to use our platform

Much lower costs

KryptoBank intends to give its users transactions costs that are more than 7x lower than traditional costs

100,000,000+

Estimated Potential users of cryptowallets by the year 2020

Borderless & Fast

KryptoBank believes that it can provide International & domestic transactions at speeds up to 100x faster

100

Billion USD — expected revenue
of cryptowallets by 2025

Crypto looks to be the next big thing

The #1 Cryptowallet For The Cryptoeconomy

Whether you use cryptocurrency, fiat currency, or traditional stocks and commodities, KryptoBank’s platform will be your one-stop-shop, your go-to wallet for all your transactions.

Mobile Cryptowallet

Going to the bank, using a debit/credit card to pay, personal neighborhood bankers all have one thing in common; they are quickly becoming outdated. Everything nowadays is digital, mobile, and contactless. KryptoBank is creating a digital platform for the cryptoeconomy, through the decentralized blockchain, that has the exact same capabilities as current mobile banking platforms, just faster, cheaper, and most importantly, safer. Immediately after downloading the KryptoBank app, we plan for customers to instantly have the ability to begin making transactions in the current contactless payment system. We believe that our app will provide the possibility to use your smartphones/tablets to conduct standard everyday transactions, as well as, the ability to transfer and receive fiat currencies, cryptocurrencies, securities, and commodities.

Smart Contract Wallet

Real-time Fraud Monitoring

    Manageable Limits

  • PCI-DSS Certification
  • Multi-signature Wallet
  • Technical & Financial Audit

Smart Contract Wallet

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PCI-DSS Certification

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Real-time Fraud Monitoring

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Multi-signature Wallet

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Manageable Limits

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Technical & Financial Audit

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Mobile KryptoBank

Currently, it is unfeasible to use cryptocurrency, securities, and commodities for your daily purchases. The process is long and terribly inconvenient. Technically, you could make an exchange of your cryptocurrency, security, or commodity on one of the many available exchanges, wait patiently for confirmation that the exchange went through, wait for the money to come to your account, and only then make your purchase. However, realistically no one wants to do that. We expect all of that to change with KryptoBank. We anticipate that our mobile app will do the heavy lifting, the client only has to tap the NFC terminal and continue with the rest of his daily activities.

KryptoBank plans to use NFC host card emulation (HCE) procedures to tokenize the data on the virtual payment card and then the POS terminal will read the data as if it were a standard debit/credit card. Any NFC payment service, such as Apple Pay, Google Pay, or a number of other services will be able to be used to pay with cryptocurrencies, securities, or commodities and this does not affect the retailer or online store because they will be receiving payment in the currency of their choice.

Immediately after downloading the KryptoBank app, we plan for customers to instantly have the ability to begin making transactions in the current contactless payment system. Say goodbye to waiting for credit card approval and then waiting again for it to arrive in the mail. Anyone with the app will be able to immediately utilize their cryptocurrency, or other assets, for payment at any point of sale (POS) terminal that is fitted with near field communication (NFC) via the KryptoBank app.

Using the KryptoBank platform for daily transactions

  • At the checkout counter, our users will simply:
  • 1. Open the app on their mobile device
  • 2. Choose the asset they would like to use for this purchase
  • 3. swipe their card or touch their phone to the NFC terminal
  • 4. Go home happy

Once complete we intend for our users to be able to use the KryptoBank platform for any of the following transactions with just the tap of their finger.

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Transact with fiat currencies, cryptocurrencies, securities, and commodities at all of the existing NFC terminals worldwide.

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ٰٰInternational transfers of fiat currencies, cryptocurrencies, securities, and commodities to other KryptoBank, or traditional bank accounts without restrictions.

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Transact with fiat currencies, cryptocurrencies, securities, and commodities at any KryptoBank service outlets/partners.

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ٰٰPurchase traditional stocks, bonds, or commodities using your cryptocurrency or fiat currency, or any asset you hold in your KryptoBank wallet

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Deposit fiat currencies, cryptocurrencies, securities, and commodities to your KryptoBank wallet.

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Exchange, lend, or borrow any type of asset with other members of the KryptoBank network

KryptoBank’s plan for merchants

  • If requested, merchants receive fiat money even if payment is made in cryptocurrency
  • Ready-to-use solutions for e-commerce platforms and site builders
  • Commissions are lower than card acquirement — only 0.5%
  • Easily make important connections with other merchants in the KryptoBank network
  • No hidden fees or charges, complete transparency for Merchants and customers alike
  • All transactions completed on KryptoBank’s secure network, no need to worry that your information may become compromised

Smart Contract

Our smart contract will fully comply with finalized ERC20 standard; our smart contract functions will be well protected from unauthorized access and will not perform any external calls, this will effectively eliminate a broad variety of problems; and most importantly our smart contract will be 100% safe to use.

Meet Our Team


Michael D. Farkas
CEO


Aviv Hillo
Number 2


Robert M. Wolf
CFO

a BalanceLabs Company (symbol: BLNC)

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