Arise Bank

Arisebank is creating a decentralized banking system that will utilize the bitshares decentralized exchange to create a peer to peer banking platform.

what does this mean?

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well first and formost this means that when your money is in your bank account you are actually holding it and every penny is accounted for at all times, unlike traditional banks where if everyone wanted to pull out there money they wouldnt be able to attend to every request due to fractional lending.

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They also got crypto ATM's, Crypto debit/credit cards, and much more to come that they havent announced yet. for more information visit

https://www.arisebank.com/

one of the neatest feature I think is that they have developed a AI arbitrage trading BOT. This AI makes profit on your crypto that you hold in your arise wallet by playing arbitrage across 60+ exchanges with your holdings. from what I have been reading up on is that it will then pay you 99% of your profits every 2 days in eACO (expiring Arise coin) this is essentially free money that expires if you do not use it. What I love about this model is that it incentives you to spend the free money that was issued to your account, this creates transaction on the network which will increase the price of the ACO token because eACO and ACO share the same price. Not too sure how they tied the 2 tokens together I have to dig deeper into that but I believe the price for eACO and ACO are the same.

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Since Arisebank is using bitshares accounts as the way of facilitating peer to peer transactions without any 3rd party needing to hold funds or facilitate a transaction there is no need for special licensing inside the united states or abroad but arisebank is still buying a FDIC insured bank just to legitimize what they are doing. I expect this to dramatically increase the price of BTS also because the amount of new users that will create a BTS account will sky rocket. Arise already has Evander holyfield as there first endorsement



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They have a handful more endorsements in the works as i write this article. BLOODY WANKA this ICO is one for the books. if you want to sign up for the ICO and get your own bag of ACO heres the referal link

https://ico.arisecoin.com/?arise-ref=nickeles8

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