By the end of 2018, the global GDP was 84 trillion US dollars, of which the United States accounted for 25%. There are tens of thousands of financial service institutions that circulate money around the globe, using the US dollar as the carrier. Of these, the largest number are banks, and there are thousands of banks with hundreds of thousands of outlets all over the world. The world economy is more prosperous because of this financial circulatory system, built by banks and other financial institutions.
Ten years after the birth of cryptocurrency with Bitcoin, the total market value for cryptocurrencies has exceeded $2.3 trillion, and although this is not comparable to the global GDP yet, its value cannot be ignored. Even though the market value is now in the trillions of dollars, few banks are set up for the management and circulation of cryptocurrencies. The emergence of VRB fills this market gap and introduces a new “contract” mechanism to provide users with the best cryptocurrency management as well as value-added services.
VRB Cryptocurrency Bank: The Best Manager of the $2.3 Trillion Worth of Assets
VRB is positioned as the world’s leading contract-based cryptocurrency bank. At present, it is the first digital bank in the world that holds both a bank license and a US digital currency operation license, and which is legally incorporated. It can legally deal in encrypted digital assets and related financial services, fully guaranteeing the safeguarding of the capital of all VRB users. With the perfect support of “smart contract” technology, which offers security and reliability, VRB can ensure the smooth flows of cryptocurrencies and it will become the best manager of these $2.3 trillion worth of assets in the future.
VRB Operating License – US Operating License for Digital Currency
The huge expected volumes mean that VRB will create the strongest consensus in the cryptocurrency arena, thus growing the group of future users of the business. The combination of large amounts of capital and a crypto bank will form a potential force in the industry. The bank will grow stronger because it is a first-mover and will integrate all the different services in the field of cryptocurrencies. At the same time, VRB also points out a clear direction for the future of the blockchain, which will break down barriers and help it to march into the real world.
Rather than just growing, the facilitating of asset circulation on a global scale has become the hard-core target of cryptocurrency banks
At the heart of VRB is a smart contract system based on blockchain technology. It simplifies and enhances the trust-building process amongst people buying, selling and valuing assets and it no longer needs a third-party platform. This foundation of trust between the different user points can be established without obstacles and breaks the current status quo of information stored in silos. It thereby builds VRB’s global encrypted asset management platform to promote the global circulation of such assets.
Because of the value-added circulation of digital assets, VRB further opens up the existing barriers between digital assets and physical commodities, so that they can be exchanged freely and smoothly. The ultimate goal of VRB is to build a new trust system for social commerce, based on smart contracts using blockchain. It is the deep-rooted goal of the VRB cryptocurrency bank to create a large-scale system which opens up the closed loop of digital asset circulation and builds a new process for commercial settlements and credit.
According to the roadmap plan, we will be able to enjoy the services of the VRB cryptocurrency bank as early as July of this year. By September next year, the five core ecosystems of VRB will be launched and taken online. In October of the same year, we will see VRT digital assets, launched by the VRB cryptocurrency bank, connect the conversion of physical and virtual assets. A brand-new “contract-based” business ecosystem will soon take shape.
If we look at the long term, when cryptocurrency banks begin to provide universal services to 100 million users, 1 billion users, or even to all global users, VRB will become a super-giant that can’t be benchmarked against any current commercial entity.
Company Name: VRB Corporation
Contact Person: Media Relations
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Country: United States