ENTRY-A Banking Platform For The Blockchain World

mianae (49)in #blockchain • 6 years ago

The present banking system is one which is not widely trusted by people this is due to the many setbacks encountered while trying to make a set transaction in the bank. The banking transactions has made some businesses lose out on their big deals because of delay in payment and all the time spent while trying to process all the payment documents needed to finalize such deals. Then came the blockchain technology and offered a solution to all of the challenges faced by individuals while making transactions. Blockchain technology so far have been able to offer a trustless economy and enhanced a more robust p2p payment gateway for the masses. This has ensured that the middlemen who have existed over the years be eliminated and transactions made directly to individuals who are in business together.

The blockchain technology, has not had a common ground from which it operates or its activities is monitored and executed. Everything has stood and operated on its own until now. Unlike the conventional banks, the blockchain technology has no bank of its own. Entry is not just a blockchain based bank for cryptocurrency alone, entry has other features which it is introducing into the crypto economy to enhance the experiences gotten from the use of cryptocurrency. Entry as a blockchain based bank will as well serve as an exchange where consumers can as well transact and exchange cryptocurrency in real time.

Entry being built on the blockchain only goes to showcase how trust worthy the platform is. This is due to all the qualities the blockchain exudes. This features of the blockchain includes: the ability to store records accurately and its availability when needed in real time. Everyone involved in any set transaction, can easily follow it up and verify such transactions as well. This is because the blockchain is an open source protocol and as such all parties involved can easily verify every detail of any transactions this feature is not seen in the conventional banking system.

Entry will serve as gateway between the traditional financial system and the new world which is being created by blockchain technology. Entry aims to empower the present financial ecosystem and create a framework which will allow the financial ecosystem to work in tandem with the new world evolution(cryptocurrency). Entry will be creating an all in one platform that will enable every user, have a better interaction and experience while using the Entry platform. These provisions includes:
Entry.Money, Entry.Exchange, Entry.Network, Entry.Bank, Entry.Cash, Entry.Token. All these features embedded into the entry platform, is all channelled towards enhancing the cryptocurrency experience of users and making it easy for them to navigate through the blockchain world.

The entry ecosystem, will be accessed through the use of the Entry token which will be known with the ticker: ENTRY. The token will serve as a means of making payment on the Entry platform.

Summary:

Entry will not only serve as a blockchain based bank, it will as well serve as a multi-utility financial platform which will allow people use fiat and cryptocurrencies in real time. This is because Entry is making cryptocurrency use easy for everyone despite their lack of knowledge of the blockchain technology.