Polybius is the result of the effort made by a team of eminent bankers, financiers, lawyers etc to find an easy to use banking system with a variety of financial services as well as provide access to the digital currency technology through a digital ID and wallet to everybody. They have created the Polybius foundation and are raising funds towards developing the Polybius bank project. The foundation issues PLBT (Polybius tokens) based on the Ethereum smart contract system.
Polybius will be a hub for everyone- individuals, small businesses, pools, stock exchanges, corporates etc. providing them with identity and enabling them to do digital transactions. It works towards building a uniform, standardized, authenticated payment processing gateway for both merchants and consumers.
The two vital components that form an integral part of the PLBT ecosystem are Polybius Foundation and the Digital Pass. While the Polybius Foundation is the basis of the Polybius financial services, Digital Pass is a storage service for safekeeping of the encrypted information for individuals and entities. The foundation will issue the PolyID to the customers which will route them to the Digital Pass network. The network is secure with SSL certificates and uses different measures for the users to get access like – dynamic PINs, biometric cards etc.
Polybius has preferred to opt for the Polybius Authorized payment institution (API) license as the initial investment requirement for API is lower than the sEMI (small Electronic Money Institution). It also has obtained the Swift membership.
PLBT tokens can be purchased by wire transfer in either EUR or USD. Users may also buy using their ETH, BTX, USDT cryptocurrencies. They may also purchase via their bank debit/credit cards or use Emerson direct transfer.
Polybius is a forward-thinking banking system offering several interesting features that can be considered worthy of investment. It offers everything that a bank must have. It is scalable, highly secured and a network that users can trust keeping their money with. The network is developed by personalities that have the experience and capability to build a robust financial platform. The foundation could reach its minimum amount in less than 24 hours at the ICO launch. It managed to collect over USD$ 6,000,000 at the fundraising which gives it the eligibility to be registered as a full-fledged bank. Having a PLBT token will entitle the people to receive a share of the profits which is calculated at 20%. This gives plenty of reasons for a person to hold on to their tokens.
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