Vaultbank brings together financial industry expertise, machine learning talent, and revolutionary blockchain technology Vaultbank.io is a cryptocurrency based bank and exchange with a trading terminal, debit card capabilities, and offering tokens backed by secured credit assets with quarterly Ethereum dividends.
Vaultbank tokens enable industry leading foreign exchange rates and asset management with a portfolio of lucrative secured credit assets, insured, and robust returns translating into stability for investors.
Vaultbank tokens stand to revolutionize banking with cryptocurrencies by tackling the four essential hurdles of the securities distribution market; (i) Lack of ability to use a security position as a fungible form of payment, (ii) Low liquidity and high transaction costs, (iii) Uninsured portfolios (i.e. hedge funds) and (iv) Low yields from safe security investments (i.e. Bonds)
Debit Accounts Vaultbank through a series of strategic partnerships will provide debit cards that will be accepted worldwide, and allow for you to pay with crypto through traditional plastic debit cards. Account Holders will be empowered to select from multiple cryptocurrencies for use as tender, and when they initiate a transaction (e.g. a dinner that costs $83.65), either prepaid debit cash will be used or the holder can elect to use Ether, Bitcoin, or Vaultbank tokens totaling that amount, which will then be sold at spot price to complete the transaction. Because Vaultbank debit cards will be accepted at all point of sale terminals – for the first time cryptocurrency will be able to be used as tender for purchases. Furthermore, Vaultbank will also be providing transaction services for other partner tokens - thus enabling other tokens to be used as tender.