Greetings to you all readers, in this article i will be discussing what exactly this brand new and pathfinding innovation is all about and i will appreciate your standing by till the end.
In the modern internet space, more and more attention is paid to cryptocurrency investments and the investment market and Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, we at HubrisOne have assembled a professional team of budding entrepreneurs and seasoned investors to create an all-encompassing blockchain trading platform. Since cryptocurrency is designed for mainstream adoption, our platform will be a stop-shop for clients that intend to earn huge returns on investment. We will create a user-friendly system that incorporates both traditional markets and the blockchain based assets.
HubrisOne OVERVIEW
HubrisOne is a mobile application which combines the benefits of both cryptocurrency and traditional banking system. In this article I would like to present information regarding the idea behind the project, the problems it intends to solve, the solutions and value propositions it will provide and my comments on these.
THE IDEA
Founders of HubrisOne believe that cryptocurrencies and fiat currencies will integrate into each other to start operating as a single global currency in the future. They also think that there is a need to have a regulated, trusted and licenced platform which will help new investors to enter the cryptocurrency market. On the other hand, both currencies have lack of trust to each other which causes problems.
HubrisOne believes that the services and processes of the traditional banking system shall be improved by using blockchain technology and cryptocurrencies.
HubrisOne idea emerged from these beliefs to become the first cryptocurrency friendly digital bank which is fully compliant and regulated in United Kingdom.
iSSUES
HubrisOne team believes there are problems related with both of the currencies.
Cryptocurrency market is infant
According to the team; lack of regulation, trust, global financial inclusion together with price volatility and manipulation are the problems of the market which are caused by the infancy of cryptocurrency market.
Trying To Separate Cryptocurrencies and Fiat Currencies
There is a general idea among cryptocurrency users that cryptocurrencies will replace fiat currencies. On the contrary HubrisOne team do not agree this and observe that the market is evolving and developing to find an operating medium in between the two currencies. They further claim that it will not be easy for cryptocurrency to go mainstream unless there is a trustworthy, secure and regulated solution which will legitimise them.
Banks Have Significant Importance
Global banking system have many positive impacts on peoples’ lives such as; providing secure payment networks, making peoples dreams come true when its related with buying something, providing jobs, paying salaries, moving money across the globe etc.
Cryptocurrency Ecosystem Needs a Bank
We have been experiencing banks, credit card companies and payment processors banning their users to transacting with cryptocurrency related businesses.
Complacency & Poor Costumer Service
According to a survey (FIS, 2015), only 23% of the customers globally are happy with their banks.
Extortionate Global Exchange Fees
Profitability of Banks is Becoming a Challenge
The competition is aggressive and adapting rapidly. Traditional banks now need a 360-degree view of each customer in order to focus their resources efficiently (BoC, 2017)
Combating Solutions & Value Propositions
Combating Solutions & Value Propositions
Growth of Smart Phone Usage and Unbanked
There are over 2 billion adults who has no access to a bank account. Besides according to Statista (2016) smart phone users will grow from 2.1 billion in 2016 to approximately 2.5 billion in 2019.
Increasing Cryptocurrency Adoption
Instant Digital Bank Accounts
It is very easy and fast to create a digital account at HubrisOne in GBP, USD and EUR currencies. After completing KYC and AML users will be able to use their digital accounts. Users will be able to do everything with these accounts like they do with their normal bank accounts.
Instant International Transfers
Stellar blockchain will be utilized for international fund transfers. This way, people will enjoy the extremely fast international money transfers which will happen in seconds opposite to the present 3–5 days lasting antiquated process.
Secure Cryptocurrency Wallets
Users will be able store and access their cryptocurrencies via HubrisOne application. Funds will be easily transferable between cryptocurrency wallet and HubrisOne bank accounts and be spendable globally via HubrisOne secure debit card.
Secure Digital Account and Card Management
HubrisOne will enable users to do everything they do with a bank representative over the phone via the HubrisOne application. This will give users full control of their accounts 24/7.
Fair and Cryptocurrency Backed Loans
Users will be able to borrow loans in fiat currency backed by their cryptocurrency locked in their wallets via HubrisOne application. Loan applications will be approved/declined in 2 seconds without the need for a credit score check.
Real Time Transaction Monitoring
HubrisOne application will enable users to see their transaction history in real time. They will no longer have to wait their monthly statements.
Hubris Wealth Management Solutions
HubrisOne allows users to consolidate their new and existing portfolios under one roof whilst maintain their fund management company.
Integrated Cryptocurrency Exchange
There will be an auto exchange function provided by the HobrisOne application which enables instant exchange between bank accounts and cryptocurrency wallets with 0.6% fees. There will be up to 200 cryptocurrencies and selected alt-coins will be available upon launch.
Third Party Open Marketplace
HubrisOne open marketplace will enable users to connect other blockchain and non-blockchain service providers. These additional services can and only will be available to Hubris Token holders.
Secure Contactless Personalised Card
Users will be able to connect their debit cards to their bank accounts, cryptocurrency wallets or set their accounts to auto-spend from a nominated account within a few taps. These cards will be able to do everything a bank card do including, contactless payments, spend at any place with Visa logo and secure with 24/7 account monitoring.
Security & Ownership
By understanding such an application which would hold an individuals’ funds need to be highly reliable and safe, HubrisOne has been established on a very strong security infrastructure. Some of the safety features which could be found on the platform are; PCI-DSS Compliancy, 24/7 real-time anti-fraud machine learning account monitoring, AML and KYC verification, encrypted SSL, 2fa, AES-256 encrypted wallet and private keys held by user.
Conclusively, The agiotage connected with investments into cryptocurrencies continues to grow in the modern world. Widespread interest in the cryptocurrency markets is stirred by the numerous opportunities to increase personal crypto capital. The increased interest in the market has in turn led to an explosion of educational and informational resources for crypto investors. However, the cryptosphere remains difficult for most people to understand. Even for experts, effective use of the various software and information resources available to trade cryptocurrency can be a laborious and time-consuming process.
Website: https://www.hubrisone.com/
Telegram: https://t.me/HubrisOneOfficial
Authorship: joecolern
BTT profile link- https://bitcointalk.org/index.php?action=profile;u=2246034
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