The services offered by the current banking sector do not meet the needs and timeliness of the functions required by market participants. The solution we present is a digital bank available 24 hours a day, 7 days a week, offering customers custody and fund management services.
Trust is of vital importance to us. That's why INGOT Coin will obtain a financial bank license from a reliable and rigorous regulator to ensure the safe and smooth execution of transactions. Once obtained, the IC community will be able to enjoy lawful entry and access to crypto markets, as well as a safe place to store and manage their personal funds through an internationally recognized institution.
The following is a brief introduction highlighting the main services offered by the digital bank IC:
Electronic payment solutions and debit cards
The digital banking IC will offer a broader range of services including a current account that serves as a fiat wallet to allow users to make transactions within or outside the ecosystem. In addition to the current account, the Bank will provide electronic payment solutions with low associated costs, including rapid and efficient relationships. In addition, the Bank will provide debit cards for all current account holders to be used to make purchases. Debit cards will have access to the IC portfolios and the current account of the IC digital bank. Customers will have a choice of payment methods, while the recipient, if it were part of the ecosystem, will have the choice of the currency to be received (for example fiat or crypto). All electronic payment and debit card transactions will be subject to a double verification process.
This will allow customers to pay online and in stores using their own cards. Ecosystem cards will provide the ability to make payments via the IC Digital Bank account, IC Wallet or IC Brokerage Account. The double verification process occurs during the transaction as the buyer will receive a confirmation message on their smartphone. If no response is made within a set period of time, the transaction will be canceled.
The double-checking process will authorize the Ecosystem to debit or credit the specified amount of the instrument specified by the respective account, only after the transfer of permitted funds occurs. If the funds received are in a different currency or in a different asset class, the system automatically restores the payment method from the buyer to the IC Exchange and exchanges it with an immediate market order compared to the currency that the seller wishes to receive. After the conclusion of the exchange, the transfer of funds to the seller will occur.
In the event that the customer wishes to pay using a specific cryptocurrency and the trader wishes to receive payment in USD, the Bank will automatically check with the IC Portfolio for the availability of cryptographic funds in the Purchaser's IC Portfolio through the general accounting registers. Once the availability of funds is verified, an intelligent contract will be initiated between the buyer and the Bank. The acquirer then releases the cryptographic funds to the IC Exchange and an order is placed and, once the order is concluded, the smart contract will activate the Bank to deposit the order amount. in fiat in the IC Bank account of the user and then allowing them to execute their agreement with the merchant without having to wait for the funds to be transferred from the IC Exchange to the bank account of IC.
The bank will also offer managed accounts for customers who are looking to expand their portfolios. The details of these strategies will be adapted to customer needs. This will depend on risk tolerance and return objectives together with other factors such as the investment period and the initial capital chosen by the client.
The IC Digital Bank should be in business by the second quarter of 2019.  For more information, please visit: www.ingotcoin.io