Skip to main content

ORBIS: Harnessing the banking ecosystem

Image result for orbis bounty
Hello friends, thanks for supporting me through reading my article review. I promise to serve better by providing the most vital needed information as fast as possible in article reviews. However, in this edition of my article review, I will be giving out a brief overview of a project known as ORBIS which aims to harness the banking sector.
The traditional banking industry has in this past few years been confirmed as a centralized financial institution. This institute has placed a centralized management over the financial institution for a long period of time, the traditional financial institution has struggled so far to keep the system running not minding the shortcomings plaguing them which is as a result of the centralized nature of the institution.
However, technology is evolving, and our world is becoming more digitalized and this brought about the concept of blockchain and bitcoin in the early days of 2009. Bitcoin as a digital currency is currently revolutionizing the financial institution and surprisingly, bitcoin has gained acceptance in the world’s ecosystem.
Currently, the cryptocurrency market is calculable to be between $300-$800 billion.
However, despite the foremost growth of the cryptocurrency industry, it still shares one major drawback with the present existing financial system.

Errors plaguing the two financial sectors

One of the vital challenges facing the financial institution which has affected the two sectors is the slow transaction speed. The already existing banking system which is the traditional institution placed a lot of barriers in transaction especially when it comes to cross-border transaction. In some cases, it takes more than a day for a transaction to be confirmed. ).
I believe the traditional banking service shouldn’t be eliminated completely, the words need to come up with a way in which these two sectors can be utilized for a better banking experience for users. This has prompted the launching of Orbis which is initiating a solution.
Orbis is becoming the next generation banking system. which will be utilizing these two sectors. many of cryptocurrency projects and systems, like Bitcoin, Riple, Viacoin and many other, only offer virtual services but the ORBIS team is solving all the banking and cryptocurrency problems, establishing the first price-stable cryptocurrency, ORBS – utility coin.

INTRODUCING ORBIS

Image result for orbis bounty
ORBIS has seen the error and delay transaction has caused and the negative impact it has established which is why the team behind the establishment of ORBIS is launching a platform built on the blockchain which will facilitate transaction speed in every part of the words globe. ORBIS is a cryptocurrency platform that doesn't simply specialize in the utilization of cryptocurrencies.
ORBIS is extending its tentacles to the traditional fiat currency. Orbis team is establishing physical branches all around the world that will have self-service ATM machines and one of a kind virtual reality customer service desks which will automatically establish money deposit, withdrawal, transfer, payment and investment services.

Strategy

Image result for orbis bounty
Orbis wallet: The Orbis platform is also made up of a wallet which can be used for transactions. The ORBS token will be utilized for transaction. The ORBS token will be stored and secured on the Orbis wallet. The wallet is made up of a transfer token account, investment token account, savings account and finally IBAN fiat currency account.
Orbis exchange: Orbis has put in place a decentralized exchange platform which will be utilized in the buying and selling of Orbis coins. The exchange platform will be available for users who wish to convert Orbis coin to fiat currency. Orbis will be powered by two different token which is ORBS coin and ORBISInvest coin.
Decentralized desktop/mobile platform.: Orbis is launching a unique financial system far better than what we had in the past years. The platform will be available to everyone to transfer funds, invest and also receive loans for various businesses. Additionally, the platform is also designed with an attached AI VR customer service chatbot which will deliver assistance to users.
Orbis debit card: The Orbis platform is launching an IBAN debit card to users. Orbis card will make it easier for users to access their fund. Orbis card will also be utilized for deposits and withdrawals.

Project benefit

Accessibility
Cost efficiency
Ease to use
Transaction speed
Security

Token Details
Ticker
ORBS
Accepted Currencies
ETH, BTC, FIAT


Click on the links below for more information
ANN WEBSITE WHITEPAPER FACEBOOK TWITTER YOUTUBE TELEGRAM

Username: tochidavid
pofile link: https://bitcointalk.org/index.php?action=profile;u=2355893

Comments

Post a Comment

Popular posts from this blog

Sportsfix

Just like I have taken it upon myself as a duty to provide your readers with useful information and keep you guys updated with the technological happening across the globe, today I present to you SPORTSFIX, a transparent decentralized sports streaming platform built on the blockchain technology for a more transparent and clearer sport experience for its users. So, if you are a sports fan, this information is a goal for you. Overview Sportsfix is a transparent decentralized live streaming platform for sports fan across the world. The sportsfix platform streams popular local, regional and international sports content. This platform is a revolutionary innovative digital sports content ecosystem which is built on the blockchain technology, integrating and decentralizing sports media rights. The digital stadium is the next generation over the top (OTT) platform which is powered by a token economy that makes it possible for sports fans to deeply connect with their favourite clubs, teams
Post a Comment
Read more

FanChain: moving the sports ecosystem forward

You are welcome to yet another mind-blowing edition of my article reviews. Just like you all know, I do my personal research and write about projects I find very attractive and important. In this edition of my article review, I will be giving out a brief overview of a very lucrative project known as fanchain. It may sound trite, but the world is constantly changing since the introduction of blockchain and its decentralized nature. This modification has affected outstanding industries in an exceedingly global scale and of course the sports industry in general. The emergence of blockchain has totally transformed the sports industry giving fans complete management of their mode of interaction with their favourite teams. As a sports fan you would angry with me it feels more enjoying having to debate concerning your favourite clubs’ leagues with a fellow fan than having to listen to commenters whom you can’t extremely communicate with. throughout major sports event, we tend to see a major
Post a Comment
Read more

IMAGINE A PLATFORM WERE YOU CAN TRADE ONLINE AND HAVE EVERYTHING DELIVERED AT YOUR DOOR STEP

Sounds good right? We are currently witnessing the highest number of revolution in our time[21st century]. Every activity has gone digital. We are in a computerized age where with the aid of your computer set or smartphone you can get everything done just staying at home. These development has brought about a lot of change in our generation, we have gone from analogue to digital and the marketing aspect is not also left out. Today people can be able to get goods online and at the same time pay but of course, this development also gave room for fraudsters to operate. The provision of a more secure platform where users can safely trade has failed. The online market trading platform has been turned into a danger zone. Foreign investors no longer feel safe, a lot of water has gone over the bridge and no one has been able to come up with a strong solution to these problems. However, the latest establishment of extradecoin has brought shining lights and hope to the online market again. we ar
Post a Comment
Read more