The Metabank App is your financial solution

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Avatar for ombredd
1 year ago
https://metabank.li/

The Metabank App is your financial solution - The new platform, known as Metabank, will build the first bank in the Metaverse with branch offices in each Metaverse, customer service officers, avatars, and a mobile application. It's cool, this is the first breakthrough to take the current crypto space by storm.

Metabank is the first decentralized bank in the Metaverse. The platform provides DeFi and traditional banking services such as staking, loans, credit and debit cards, OTC. Metabank is backed by strong investors and great technology partners.

Metabank services are available through free apps available on the App Store and Google Play. Almost all features can also be accessed on the website via web services.

The Metabank mobile app will have the following features:

  • Virtual credit or debit cards

  • Payments through connected IBAN accounts

  • Crypto payments

  • Connected and internal wallets

  • P2P loans

  • Staking and Yield farming

  • Remittance

  • Governance token

Virtual credit or debit cards

Metabank is issuing branded virtual credit and debit cards. Virtual cards work exactly like your physical bank card - they just live in your digital wallet on your phone instead of your physical wallet. Secured by encryption, they offer a safe and convenient way to pay online and in store.

We provide Visa credit cards and debit cards as well as MasterCard credit and debit cards. The acceptance is subject to approval of the card issuers.

IBAN payments secured by blockchain

Banking is increasingly becoming a commodity service, accessible through APIs. Core banking systems are able to connect to innovative micro-services delivered via a collaborative infrastructure, powering the app economy.

The Metabank payment platform aims to leverage these banking services with the flexibility and potential of cryptocurrencies and blockchain technologies.

In recent years, Open Banking has received a lot of attention in the financial services sector. Open Banking means that banks provide communication interfaces to Third Party Providers (TPPs), so that these companies can have access to the bank's customers data, initiate financial transactions, and consult the transaction history of the customer. It promises to unlock innovation that will profoundly transform and improve the banking experience of consumers.

For instance, TPP's will provide applications allowing consumers to consult multiple bank account from a single application and look for information more easily, allowing banks to find, and allowing businesses to share data more easily with their accountants.

Crypto payment

Set up cryptocurrency payment infrastructure, track orders, and manage your crypto earnings with our easy to use crypto payment feature. Simply screen a QR code or add a wallet address and make your crypto payment. The Metabank app is supporting the Ethereum and BSC networks.

Internal & connected wallets

The Metabank app has having internal wallets but users can also simply add their external wallets and connect them with our app. Metabank is not custodian of any funds or wallets, all is locally installed and managed by the users.

P2P loans

Metabank will provide a matchmaking platform for decentralized peer-to-peer lending. This results in the creation of decentralized credit money for the crypto space. Metabank will simplify today's highly complex credit creation process:

  • Borrowers will be able to borrow and lender lend on decentral global marketplace.

  • It's peer-to-peer, without intermediaries or middlemen.

Staking & yield farming

Staking: Metabank system is designed to provide service for the users to stake specifically created for that purpose tokens to get an interest that will depend on the percent set by Metabank. Our interest logic for staking is going to be implemented using compound logic that is designed to make the reward distribution process fair for the system users. The main idea of the compound logic is to make a full time and rate dependent calculation of the reward amount.

Yield farming: Gain high interest rates and generate passive income by providing liquidity.

Remittance

Users can send easily money home to their families. Metabank is tokenizing the funds and deliver is almost instant in the receivers app.

Governance token

Netabank is approaching the governance token with on chain governance. In the context of blockchains, participants have incentives to consolidate power and guide the network in directions that benefit them.

Basically, there are three different approaches to on chain governance:

  • Fork-based governance

  • Stake-based governance

  • Entity-based governance

Summary

Metabank is building the first decentralized bank in the Metaverse. With the Metabank app, simply connect your existing bank accounts and wallets or get a virtual credit card by Visa or MasterCard. You can use Metabank in all Metaverses as well as in the real world. With web 3.0 the frontiers of virtual and real worlds.

Metabank has already a fully functional product. You can download the app on Google Play from next week and the iOS version should be available shortly on App Store too.

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Avatar for ombredd
1 year ago

Comments

I think other banks should take a leak from this, am from Africa and just imagine that a bank here decides that their mobile app should have a crypto payment method of either buying and selling or connecting buyers and sellers togetther, their banks will be known as the best and this MetaBank will make it clean because of what will be contain in the app itself and I can't wait to see how it will turn out

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1 year ago