3.

P2P, Blockchain, Cryptocurrency, Machine Learning, Big Data, and Smart Contracts Are used in the cryptographic bank.

P2P. Participants are private users and not banking institutions. The crypto bank connects a borrower who meets the correct credentials to a lender. P2P removes many of the bureaucratic processes that centralized banks have to go through by approving a loan.

Blockchain. All transactions are recorded on the Blockchain. It is a transparent and immutable registry that will provide data to users as well as AI algorithms to find the right matches for lenders and borrowers

Big Data Learning Machine. These technologies help automate the lending process and cut red tape. AI can work 24 hours a day, 7 days a week and match lenders with borrowers.

Cryptocurrencies. While fiat can be used in decentralized banking, cryptocurrencies work much better and will become the only future of the decentralized bank. These decentralized currencies speak the language of the Blockchain and keep the perfect track of the transactions of the assets.

Smart Contract. Smart contracts are used for various reasons in cryptographic banking, such as currency conversion, entering into contracts between two parties and automating the transfer of funds between the borrower and the lender.