Quantocoin (“QTC”) has developed a next-generation model for the future of financial services and digital banking. This model unleashes the funding power of an Initial Coin Offering (“ICO”), along with the connectivity of Blockchain technology, the internet and smartphones to create one of the world’s most comprehensive virtual banks, “Bank QTC”. The bank is dedicated to providing, amongst other things, merchant payment services, microfinance facilities, debit cards, international money transfers and currency exchange services to individuals located where internet services (hence, connectivity) are available, but where traditional banks have failed to enter sufficiently (e.g., in remote or lightly-populated areas, regions where the target demographic cannot qualify or pay for a bank account, and/or is otherwise located in a frontier market and/or conflict zone).
These locations, although problematic for traditional banks, happen to be in locations with a rapidly growing youth demographic, increasing literacy, improving internet connectivity and economic growth, hence increasing demand in major areas of the world where traditional banks have failed to go. In fact, over 2.0 billion people who live in regions with limited or no access to banking services. Our aim is to provide banking services to a heretofore underserviced demographic, while guaranteeing speed, reliability, ease and low-cost alternatives for anyone accessing Bank QTC via our dedicated smart-phone App. This will not only constitute a significant shift away from traditional banking, but will also improve individual lives and local economies by providing virtually instant access to liquidity to anyone that owns a smart-phone with access to the internet.
Bank QTC will be funded from the proceeds raised by the sale of our Quantocoin Tokens, which will, in turn, permit purchasers to reinvest their coins in the bank thereby providing access to its services. The Quantocoin Project, thus, ensures the merging of the current benefits of traditional banking with the potential of investing in a crypto-financial future. The main goal of the Project is to integrate and connect QTC into the traditional financial world, and to create a single gateway through a “QTC platform” for users, traders, investors and financial institutions with a whole range of add-on services.