#metabank #defi #metaverse #blockchain #digitalbank #virtualcredit
To grab what this platform does, it’s benefits, usefulness and relevance to the public, it’s of paramount importance to explain some key terms such as
METABANK :THE FIRST EVER EXISTING DECENTRALIZED BANK IN THE METAVERSE
To grab what this platform does, it’s benefits, usefulness and relevance to the public, it’s of paramount importance to explain some key terms such as
METAVERSE
WHAT THEN IS METAVERSE
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The metaverse is a virtual world where people can meet and perform activities virtually as it is in a real world. Such activities can be organizing an event, celebration, taking part in sport challenge, trading, dating, etc. Everything that is done physical can also be done in the virtual world through the use of avatar. An avatar is a virtual 3d image that represent physical things. Avatar representing man is the digital type of that man that can also relate with other men who have their own digital self (avatar) on the
WHAT THEN IS METAVERSE
The metaverse is a virtual world where people can meet and perform activities virtually as it is in a real world. Such activities can be organizing an event, celebration, taking part in sport challenge, trading, dating, etc. Everything that is done physical can also be done in the virtual world through the use of avatar. An avatar is a virtual 3d image that represent physical things. Avatar representing man is the digital type of that man that can also relate with other men who have their own digital self (avatar) on the
METAVERSE.
Wikipedia define METAVERSE as a hypothetical iteration of the Internet as a single, universal and immersive virtual world that is facilitated by the use of virtual reality (VR) and augmented reality (AR) headsets. A metaverse is a network of 3D virtual worlds focused on social connection.
With all that has been happening in the METAVERSE, there has not been a virtual bank in the virtual world not until metabank emerged as the first bank in the METAVERSE with features that are outstanding
WHAT IS METABANK
Credit/ debit card: virtual credit / debit card will be offered by metabank to it’s users where they can use it anywhere in the world by attaching it to Google pay or apple pay.
FRANCHISE:
In order to achieve this, metabank is creating a franchise. When you become a franchise, you can open metabank branch and that makes you entitled to transaction fee and commission fee.
P2P LOANS: metabank is matchmaking borrowers and lenders on its platform to initiate the peer to peer loans. When loan offer matches a request, a loan contract is created between the lender and borrower. Loan contract is binding, if the borrower default payment, such borrower is chargeable to court on the account of the contract. This is done by credit liquidator. Two fee are payable by the borrower which are protection fee (interest paid to lender) and service fee (paid to the platform at the end of contract).
When p2p is initiated, the borrower receives Ethereum or other available coins tokens while the lender receive equal amount of token as credit coins which is minted. The credit coins can be use to purchase goods. When the credit coins is used to purchase goods from third party, the interest and principal is paid to the third party at the end of the contract. If this credit coins further to the fourth party before the contract is destroyed , the principal and profit is then transferred to him and the credit coins destroyed.
Remittance: metabank is tokenizing Fiat currency which can be transfer to any part of the world to any one using the metabank app. This has solved the problem of Cross border transaction and fund transfer.
Staking And Yield Farming
Metabank is providing staking opportunity to it’s users with a compound APY mechanics to ensure substantial profit is made by it’s users.
High interest rate will be a reward to those who provide liquidity to the system (yield farming)
crypto payment: metabank is built to support Ethereum and BSC network. It’s payment features are very easy.anyone can use it’s app to make payment .
Internal and external wallet: metabank has internal wallet, however, you can add your external wallet .
Meta token: This is the native token of metabank that has various use cases.
Wikipedia define METAVERSE as a hypothetical iteration of the Internet as a single, universal and immersive virtual world that is facilitated by the use of virtual reality (VR) and augmented reality (AR) headsets. A metaverse is a network of 3D virtual worlds focused on social connection.
With all that has been happening in the METAVERSE, there has not been a virtual bank in the virtual world not until metabank emerged as the first bank in the METAVERSE with features that are outstanding
WHAT IS METABANK
Metabank is the first decentralized bank in the metaverse that provide both defi and traditional banking services. It offers credit/ debit card, loans, staking etc.
METABANK FEATURES
METABANK FEATURES
Credit/ debit card: virtual credit / debit card will be offered by metabank to it’s users where they can use it anywhere in the world by attaching it to Google pay or apple pay.
FRANCHISE:
metabank Will not just be in a particular position in the virtual world(metaverse). Its branches can be open anywhere in the metaverse and it will be manage by an avatar to attend to customers.
In order to achieve this, metabank is creating a franchise. When you become a franchise, you can open metabank branch and that makes you entitled to transaction fee and commission fee.
P2P LOANS: metabank is matchmaking borrowers and lenders on its platform to initiate the peer to peer loans. When loan offer matches a request, a loan contract is created between the lender and borrower. Loan contract is binding, if the borrower default payment, such borrower is chargeable to court on the account of the contract. This is done by credit liquidator. Two fee are payable by the borrower which are protection fee (interest paid to lender) and service fee (paid to the platform at the end of contract).
When p2p is initiated, the borrower receives Ethereum or other available coins tokens while the lender receive equal amount of token as credit coins which is minted. The credit coins can be use to purchase goods. When the credit coins is used to purchase goods from third party, the interest and principal is paid to the third party at the end of the contract. If this credit coins further to the fourth party before the contract is destroyed , the principal and profit is then transferred to him and the credit coins destroyed.
Remittance: metabank is tokenizing Fiat currency which can be transfer to any part of the world to any one using the metabank app. This has solved the problem of Cross border transaction and fund transfer.
Staking And Yield Farming
Metabank is providing staking opportunity to it’s users with a compound APY mechanics to ensure substantial profit is made by it’s users.
High interest rate will be a reward to those who provide liquidity to the system (yield farming)
crypto payment: metabank is built to support Ethereum and BSC network. It’s payment features are very easy.anyone can use it’s app to make payment .
Internal and external wallet: metabank has internal wallet, however, you can add your external wallet .
Meta token: This is the native token of metabank that has various use cases.
CONCLUSION
Metabank is a new invention that is breaking record on the metaverse. It’s mutual usefulness defines it uniqueness . Mutual usefulness in terms of it’s usefulness in virtual and real world.
USEFUL LINKS
WEBSITE: https://www.instagram.com/Metabankglobal/
INSTAGRAM: https://www.instagram.com/Metabankglobal/
FACEBOOK:https://www.facebook.com/Metabankglobal
TWITTER : https://twitter.com/metabank
TELEGRAM: https://t.me/metabankofficialchat
LINKED IN: https://www.linkedin.com/company/www.metabank.li/
Metabank is a new invention that is breaking record on the metaverse. It’s mutual usefulness defines it uniqueness . Mutual usefulness in terms of it’s usefulness in virtual and real world.
USEFUL LINKS
WEBSITE: https://www.instagram.com/Metabankglobal/
INSTAGRAM: https://www.instagram.com/Metabankglobal/
FACEBOOK:https://www.facebook.com/Metabankglobal
TWITTER : https://twitter.com/metabank
TELEGRAM: https://t.me/metabankofficialchat
LINKED IN: https://www.linkedin.com/company/www.metabank.li/
Author : harum93
Ethereum (ERC20) wallet address : 0xAcd9BF8EC3E202833891c38a595Ea0568aE034f7
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