ENTRY – the blockchain is the Bank for Fiat and cryptocurrency

The commercial value of cryptocurrencies is directly related to Fiat, because at this stage of development of the crypto economy, the degree of acceptance of coins and tokens is not enough to meet the daily needs of people. Accordingly, the question of how to link banking systems and blockchain to create more effective tools for interaction, exchange and trade is very acute.

The function of the link between cryptocurrencies and the classical economy was taken over by the ENTRY project, which we will talk about today.

The problems addressed by the project ENTRY

The main problem of modern cryptoeconomy, according to developer ENTRY is the fact that the majority of people think of cryptocurrency exclusively as a speculative instrument. This reduces their loyalty to the new financial instrument, slowing its development and distribution.

The main task of ENTRY IS the integration of the blockchain into the Fiat environment, which will simplify the interaction of old and new financial institutions, and accordingly – to give crypto-currencies applied qualities that can be used by users.

In addition, the ENTRY platform simultaneously solves a number of problems that are observed in the blockchain market:

• The complexity of exchange operations in the direction of "cryptocurrency-Fiat"and" Fiat-cryptocurrency".
• The presence of intermediaries in the trading market, which charge high fees for the exchange of Fiat currency and Vice versa.
• The lack of simple and clear decentralized platforms that could be accessible to both beginners and professionals.

Thus, the ENTRY platform is aimed at the integration of blockchain technology in financial transactions with Fiat, which will improve their reliability, as well as attract new users to the crypto industry.

Structure ENTRY

The ENTRY platform is based on 6 functional structures:

• Entry.Money. This is an internal cryptocurrency platform, which will become the basic unit of economic relations between the parties. With it, you can make payments both in cryptocurrency and Fiat;
• Entry.Exchange. It is a virtual center of all operations of the platform, which will allow instant exchanges of cryptocurrencies and Fiat with minimal costs;
• Entry.Network. An API that allows you to integrate ENTRY services into your business;
• Smart contracts. A "legal" ENTRY component that will monitor the integrity and security of all transactions between the parties conducted on the platform;
• Entry.Bank. A digital Bank that will be responsible for traditional banking services (loans, deposits, etc.). The service will have its own plastic card unlimited geographically;
• Entry.Cash. The structure represented by various technical means for financial transactions-ATMs, terminals, etc.

Successful compilation of various tools makes ENTRY a really useful platform for those who consider IT as a cryptocurrency service, and for those who are more attached to the Fiat environment.

The benefits of the project

• A simple and affordable exchange of Fiat to cryptocurrency and Vice versa;
• Reliability and transparency of operations provided by the use of blockchain;
• Possibility to integrate platform functionality into third-party resources;
• "Transfer" of banking services to a more stable blockchain environment;
• The presence of familiar tools to simplify entry into the crypto industry;
• The complexity of services, which makes the platform universal in terms of functionality.

Details of the ICO ENTRY

ICO ENTRY will run all summer – from June 1 to August 31. As part of the token sale, the developers plan to release 590 million tokens. The price of one coin will depend on the time of its purchase – from 0.15 euros to 0.44 euros. Tokens will be distributed as follows:

Summary

The idea of combining the classical banking segment and cryptocurrencies looks very promising. First, it will allow to convert blockchain technology and digital currencies into a more familiar format for most users. Secondly, the platform will simplify the exchange of cryptocurrencies for Fiat for crypto enthusiasts themselves. Accordingly, in the future, we can expect a significant influx of users, and accordingly – the growth of the platform and its token rate. The project has already been supported by serious companies:

All the necessary information you can learn in more detail on these links:

WEBSITE: https://entry.money
TELEGRAM GROUP: https://t.me/Entry_Official
WHITEPAPER: https://entry.money/ENTRY_Whitepaper_v1.pdf
FACEBOOK: https://www.facebook.com/entrymoney/
TWITTER: https://twitter.com/EntryMoneyICO
LINKED: https://www.linkedin.com/company/entry-money/
ANN THREAD: https://bitcointalk.org/index.php?topic=3229958.0

Author:dhavid19

Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=1795848

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