BINCOIN has taken the initiative of exploring the applicability of the blockchain to the Banking and Financial Industry. BINCOIN is the Bank Independent Network for the Blockchain Generation. Based on the market hype, blockchain, the underlying technology for cryptocurrencies such as Bitcoin and Bincoin, is poised to solve a number of challenges facing the banking industry by enabling faster, secure and more transparent transactions.
We are re-creating a new financial banking era, in which a set of crucial methods are used to portray universal and integrated access to act as an alternative or to replace the current banking system. Banks are fundamentally secure storehouses and transfer channels for money. Blockchain’s secure, decentralized, and tamper-proof ledger focuses on this function with just a fraction of the cost. We are creating a “blockchain bank.” Although companies like Western Union and MoneyGram have always dominated money transfer services, we, as a blockchain start-up, will create a competitive scenario by offering faster, cheaper and versatile forms of money transfer.
Our services also embrace the real estate market. When most people consider buying and selling a property, they think of copious amounts of paperwork, long, administrative processes, and high agent fees. With the help of blockchain, any individual can manage, track, and transfer land titles and property deeds—no need for intermediaries. We are working in this direction to make it easy for users of BINCOINS to overcome the existing challenges.
A major feature of this network is the cryptocurrency card. Our crypto debit card allows coin and token spending in fiat currencies around the world. The prepaid debit card spares local exchange fees and makes digital currency spending a whole lot easier. Bank Independent Network enables cryptocurrency spending with instant liquidity.