Quantocoin blockchain banking platform and mobile app are set to launch in Q2 2021. Both will utilize blockchain smart contracts but will still provide traditional bank services as well as new technologies like Bio-ID verification, according to a press release.
The company is launching its native utility token on leading exchange LAToken, after the final round of its IEO is complete. The token sale will be staggered over three rounds with the last round ending in March.
Integrating aspects of traditional banking with the benefits of blockchain, QTC will offer a broad range of features such as insurance protection, credit, payment deferral, unlimited international transfers, remittances, a competitive fee structure and savings when using its payment card at any ATM in the world.
In addition, Quantocoin will offer faster transaction times, less administration requirements and a lower cost than traditional banks. It has also streamlined traditional anti-money laundering and compliance procedures using fast, secure blockchain technology.
Individuals and blockchain enthusiasts will benefit from features like spending cashback, crypto and fiat currency exchange and advanced asset management. Users will also be able to receive funds, send money, make payments and even trade, using cryptocurrency and fiat. The platform will also offer reward and loyalty programs to benefit loyal users.