Translators (hajime, kazu, HALO)
(http://twitter.com/3284_hajime)
(http://twitter.com/nishinokazu)
(http://twitter.com/subjayc)
Hello! This is Yusui (@hirochang).
It’s been for a while after 2019 started. Several articles about ADK-ETF has been coming out from various medias.
Apart from the ETF, I’m going to tell you about online banking this week.
It’s another pillar of ADK.
Although ETF is conspicuous these days, ADK originally aimed to build offshore banking networks. So I’m looking forward to it.
Then, let's review the ADK information this week!
=== Contents ==========
1. Customer acquisition strategy
2. How to open banking account
3. Banking card
4. Extra
====================
1. Customer acquisition strategy
[Ricardo]
Friends With Sumac bank and hakika bank...
We have direct access to Kenya with 49,7 M population, Tanzania 57,31 M population. We also get the indirect access to Uganda 43 M Population, Rwanda 13 M Population. The total is 163 M potential clients to the bank.
Banks in these 4 countries charge around 15-18 % yearly when you borrow money.
Add to it, there is also salary loans, meaning you can borrow at the end of the month before you get your salary. For this loans, you have to pay 8 % just for a week loan before your salary comes. This is huge market worth billions.
By preparing euro-denominated savings accounts, Sumac and Hakika can lend money cheaper, and on the contrary they can also offer good interests to those who deposit money in the bank. We have already cleared this with central bank.
This will also increase demand for account opening and ADK.
Highest Euro based rate is 2.5 % when locking for 1 year, but we can offer 10%
[Yusui]
He said it was said that the rate for 1 year locking would be 5% in his bank 6 month ago. What happened!? hahaha.
I think 10% for yearly loan and 5% for 1 year lock up are enough good rates, however it might be not so simple as I do.
☆Reference:
- How to open banking account
[Questioner]
Even though it is said that collecting fees by ADK, maybe some old men just don’t understand how to use exchange and buy ADK.
[Ricardo]
In a brief explanation.
- We will prepare an agency to represent customer’s KYC and payment.
- Then those who want to open an account use the agency.
- After the KYC is completed, the customer pay fee by credit card or something. Then the agent buy ADK for the customers with the received fee.
[Yusui]
In other words, there is no need for customers to open accounts directly on cryptocurrency exchanges and buy ADK at exchanges, as long as we can use the agency.
With this way, ADK team won’t miss customers who say "ADK? How can I buy it? It is not easy to understand for me.”
- Personally, ADK Team always try to get along with existing things(like banks), rather than replace them. I also understand that it seems suspicious if an agent or agency comes out in cryptocurrency world though, hahaha.
[Ricardo]
The card as I said will be included when you open account. The price of bank account opening will be 250-300 USD.
But let’s wait until online banking and website is done for sumac bank
- Although there was also a statement that “Online banking will also start during Q1 of 2019, but now the schedule is undecided.”
- The opening fee of the account will different between Kenyan Shilling Building Account and Euro Building Account.
- Banking card
[Ricardo]
Keep in mind mister tango is EMI and not a full bank like sumac or Hakika!
They need to use third party debit card provider while we can issue our own debit cards. Our cards will be available to worldwide clients except Iran, north korea etc....
※ Tango seems to issue their banking card only for europe resident now.
- Extra
[Ricardo]
If you just look at ADK followers alone we will have at least 5000 people wanting to open bank accounts right away. That is 1.5M USD for ADK right away.
This type of banking will spread really fast
That’s all for this week!
With some kind of mistake, it is really nice if the bank is realized during Q1 in 2019!
Thank you for reading!
==========================================
ADK WhitePaper
(English Version)
https://github.com/AidosKuneen/whitepaper/releases/download/v0.03/adk_whitepaper.pdf
Website
http://aidoskuneen.com/
In development: http://www.aidosfoundation.com/
GitHub
https://github.com/AidosKuneen
API
https://aidos-kuneen.readme.io/reference#about-the-api
Twitter
https://twitter.com/Aidos_kuneen
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