Could you please introduce yourselves to the chat, and can you please also share a quick overview about BlockBank?
Hello everyone, my name is Kelghe (KELJ) I am the co-founder and CEO of BlockBank Before this, I had an education company that dealt with complex healthcare topics and was a partner in a software development company that worked with some pretty cool AI technology.
My first crypto venture was in mining back in 2013 and I was one of the first to sell tokens on ebay back those days. With my experience and the tech I had access to, I knew that crypto needed a digital advisor to help them get into this space, understand it better and then use to make decisions based on real time data. Now, with BlockBank that’s what we are aiming for, to build the banking application integrating an intelligent financial advisor.
Hello!❤️ I am Anastasija, Co-Founder and Chief Legal Officer of BlockBank. I have started my career years ago at the European Union law enforcement agency where I first came across bitcoin and was fascinated by the technology and potential behind it. Helped the regulator of Lithuania to draft a “crypto laws”, trying to lobby for the industry’s best interests. Was a COO of a Canadian blockhain company, where we have implemented track&trace solutions for medical cannabis. Was part of the original ETHLend/AAVE team, where I was very happy to work with Nolvia. Consulted multiple companies on crypto regulations and efficient implementation. I know very well that legal is not the topic people are getting super excited by my job is to make it “all happen”, ensuring that users are safe, protected and company can achieve everything that we say we will do.
Hello, I’m Darren Co-Founder and COO of Blockbank.
From 2011 to 2017–I have worked with over 100 Cryptocurrencies, ICO’s and start-ups focusing on their market strategy, branding and technical applications–and have consulted on many large-scale projects including major crypto exchanges, and bitcoin ATM companies facilitating their distribution and monetization model.
Fortunately, I have had the amazing opportunity to travel the world and speak at some of the largest blockchain conferences, educating on my vast knowledge and experiences in cryptocurrency and blockchain technology.
I have been mentioned and asked to provide insight to many prestigious media outlets including Bloomberg. I also hold various copyrights and trademarks in relation to cryptocurrency and blockchain terms in Canada.
2.What is misson of your project? And what users can get from BlockBank ?
BlockBank is on a mission to offer AI-powered, traditional mobile banking experience with seamless crypto integration. We aim to combine the best of Defi and CeFi worlds in one place, incorporating AI technology to bring financial empowerment to clients in a very simplified manner.
BlockBank consists of 4 main components, a centralized custodial wallet, a defi web 3 wallet, banking and true AI (Robo Advisory). The custodial wallet will serve many different purposes (staking, storing assets, trading through apis into cex, insuring assets, borrowing, fiat on and off ramp, off chain / on chain solution) also has aml kyc. The DeFI side of things will be a non-custodial wallet with a web 3 browser, multi asset chain support (BSC, HECO, etc) Staking in defi. The banking side will allow the users to have a fully active bank account, credit debit cards, etc consider any neo bank as a reference point. The Robo Advisor will serve as an overall financial advisor for the entire account. This will be an evolving robo advisory starting as an informational resource moving all the way to fully autonomous trading, farming etc.
Why you choose the name “BlockBank” for your project ? Do you have any story behind this name ?
Blockbank was a name we decided because we are focusing on blockchain, crypto and banking 🙂
3.What is the barriers to entry of Blockbank when participating in DeFi and CeFi ?
One of the biggest barriers for widespread crypto adoption is that it’s never been that simple. Users who might be interested are quickly turned off with the level of complexity. BlockBank aims to integrate the best of the DeFi and CeFi worlds while keeping it simple for the average user.
Our application was launched back in 2019 and now we are coming back with all the feedback collected from our early adopters. We are removing pain points and unnecessary complexities, creating an all-in-one application that will offer better UX and UI. Making it simple, and coupling it with our AI, will only give our users the upper hand.
4.What can your AI-intelligent assistant help people easily get into the market, even when this is the first time they take part in ?
Our AI assistant’s patented technology puts the analytical power equivalent of hundreds of highly skilled financial analysts in the palm of our users, levelling the playing field between retail and institutional investors. It will monitor, gather, and provide data in real-time based on investment preferences to maximize gains and minimize unnecessary losses. This is a feature that has been extensively used in traditional finance these last few years, especially with companies investing in ETFs, index funds and specialized trading strategies. Bringing this to crypto, and especially to a non-custodial wallet, will be game changing.
5.BlockBank is a crypto currency wallet App, which can be used to trade or hold and keep our assets. When a user wants to share experience with others the benefits of using your App, do you provide incentives? to each user persuading others to use your app as well?
At the moment our users can enjoy a simple and convenient non-custodial wallet with a credit top up function and multiple gift cards to cash out. The latter function is heavily used by our users in countries with many restrictions on the use of crypto.
We are a community-based project, therefore it’s very important for us that our early adopters and supporters receive benefits, we will be providing rewards for this. We will announce the details in the future.
6.I can envision numerous gatherings are showing interest in such a venture, would you be able to sum up a portion of your best parnership to date ?
I won’t be name dropping any partners as of yet but what i can tell you is oracles, insurance, other AI blockchain, and a few other industry leaders are interested in working with us. We would rather share these through coordinated PR events as it’s more advantageous for our investors and community to do so that way.
I can however explain that SKAEL is our biggest achievement and a fully patented AI technology. The most significant is our partnership with Skael. They have true AI technology being used by Fortune 100 companies, including one of America’s largest banks. BlockBank not only has the exclusive rights for use of the technology for crypto and blockchain but also the distribution rights for the technology in these sectors as well.
Skael has over 70 employees and a dedicated technology team to BlockBank and will be scaled up as needed. We are extremely excited that we will be able to offer the AI services in any fashion a company would like to utilize the technology.
Waiting for our logo to be updated but as you can see this AI technology is no joke if you look at their partners.
7.BlockBank is building and developing the infrastructure and decentralized financial services for “Banking 3.0”. But why do they say the platform will provide a seamless user experience? What are the tools that bring convenience and efficiency to users ?
I would like to clarify that our Banking 3.0 still has a centralized aspect to it. We are bridging the gap between CeFI – DeFi – Banking all into one application. This in itself is something massively lacking in this space. We have to use multiple applications to manage different parts of our portfolio. What we are doing is providing you one place to bank, store insured assets in custody, borrow, stake and earn safely, pay and use a debit / credit card and ape into defi or use dapps all in one place. This provides the three key aspects to anyone who uses this space coupled with a patented AI robo advisor who can assist you in your decision making process on how you would like to use your assets.
We are not discriminating against our users – they can continue using just DeFi services without KYC/AML via our web3 browser and non custodial wallet. DeFi market share is growing, innovation is blossoming and we support DeFi values, have planned partnerships with other DeFi projects to provide a great set of tools such as decentralized insurance or lending to all users.
Our patented AI technology will be greatly beneficial to every DeFi users on BlockBank platform to get all information, advice and better APYs.
End of AMA Summary, Thanks Blockbank for trusting and organizing AMA with us !!
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