How often have we looked at the Banking sector and wondered how it can change for the better, how far FinTech innovation can push this market and make it fairer, more diverse and create services that both disrupt and improve? Very often in our case….we know we aren’t alone!!

Cryptobanks are the next step in the evolution of the Financial Services and Banking sector, that much is clear — and with an expectation of $600 billion in this market within a matter of years and, $10 trillion on the cards after that; then clearly how this market is setup, how it grows, is going to be key in shaping the future of Banking across the globe.

Knowing how difficult the regulatory environment is to navigate, how hard and expensive it is to get a Banking license, the time it takes and the level of funding & liquidity you must ensure, prove and retain in order to run even the smallest of EU, UK, US or overseas banks — led us to creating Baanx.com to decentralise the Cryptobank sector, our goal to allow anyone access to this exciting growth market.

Baanx.com is a Cryptobank platform environment where anyone passing our stringent verification checks, whether Brand, Business, Charity or Individual, will be able to launch a fully compliant, regulated Cryptobank — completely branded — offering funded, cutting-edge services to customers and with all back office needs managed through automation, AI and managed services.

Baanx.com, through our rules based system, will be sharing banking licenses amongst Cryptobank startups, allowing easy entry for those with strong customer followings to enter this new market. Free from the financial constraints, free from the time it takes to get a license and many startups bringing loyal customers from their known brands into their Cryptobanks — giving greater confidence in this new Bank sector through brand trust and familiarity.

Baanx.com will also promote great diversity in bank ownership, accessibility to those who would never be able to own a Cryptobank brand and increased provision of services. Whether you want to offer point-of-sale funding to online customers under your own branded Cryptobank to attract them, whilst increasing sales on your products — or you want to setup a Cryptobank offering accounts, micro-loans and services to the unbanked or underbanked then you can. Charities who wish to run a Cryptobank for profit, or simply for the benefit of their beneficiaries can do so quickly and easily — all ensuring enormous improvements in accessibility to the banking market in general.

In short the use cases are enormous through the decentralisation of the Cryptobank sector — we don’t want it to end up as simply a replication of the traditional banking sector, something we at Baanx.com feel very strongly about!

For those buying tokens which can be used in the Baanx.com system, we are starting our Pre-Sale on the 24th May 2018. You will be able to use the tokens in any Baanx.com cryptobank, and / or to start and power your own, as well as (as long as you have over 2ETH worth) being eligible to share in net transaction revenues from every Cryptobank within the network.

In short why buy tokens in a 1 Cryptobank model, when you can buy tokens for use in a cutting-edge, global Cryptobank network planning to be 1000+ in the near future — Cryptobanks owned and promoted by familiar brands, creating fast uptake and trust in this new market as extensive, cutting-edge services are rolled out to take on and soon replace traditional banks.

If you have any questions about Baanx.com please join our Telegram chat. You can be part of our Pre-Sale on the 24th May 2018 by registering on Baanx.com and becoming a member — we look forward to keeping you updated on news and events in our journey decentralising the Cryptobank sector and our upcoming ICO.

Our terms and conditions for the ICO are on our website at https://baanx.com — please become a member and support Cryptobank decentralisation.

ICO Participant questions are answered on Telegram, or please email ico@baanx.com