Now, in 2019, blockchains and cryptocurrencies are once again being discussed in public and are no longer just seen on a series of upward moving short-term market charts. In May, Fidelity, the world’s largest U.S. asset management company, announced that it has officially moved into blockchain based cryptocurrency trading. In mid-June, Facebook’s cryptocurrency project, Libra was announced to the market. At the end of June, VRB, the world’s first cryptocurrency bank focusing on digital asset management and value-added services, released its white paper and officially launched worldwide.
The relationship between the blockchain world and the real world started in parallel, but these paths are now beginning to intersect. Fidelity’s approach is to work on the bottom layer of the blockchain industry, which is mining, and will be looking at the production of digital assets. Meanwhile, Facebook has chosen payments and settlements as its entry point to the market by using Libra to create a digital asset flow. Finally, VRB’s cryptocurrency asset bank has skillfully chosen digital asset management and value-added services to become the safe keeper of encrypted digital assets.
Interrelated but in Different Categories, The Five Major Ecosystem Formats of Banks Dealing Exclusively with Digital Assets
VRB is a brand-new species of bank, which has emerged from the collision of a group of technological geeks specializing in blockchain and the more than 150-year-old Comerica Bank from the USA. This has enabled the VRB cryptocurrency bank, that is based on the world of blockchain, to also have the rigorousness and gravitas of a more than a century old bank.
After researching the digital asset financial market, the founding team of VRB has customized five business ecosystems:
- digital asset storage,
- digital asset quantitative transactions,
- digital asset lending,
- digital asset insurance and
- digital asset leveraged transactions,
giving users in the digital asset world a total service offering, and also playing the role of the distribution hub for digital assets.
Unlike traditional banks, VRB, with the benefit of the decentralized network of the blockchain world, is able to work without the time and space constraints of traditional banks, and thus can independently complete the allocation and management of digital assets anytime, anywhere. The free blockchain process means there is no need for queuing, filling in of forms, cumbersome authentication procedures or maximum limit restrictions.
With its three core supports, no digital asset holder can lose out when using VRB
VRB uses big data, large amounts of capital and five financial ecosystems as its core support systems. It meets the core needs of each digital asset holder, accurately matches the different digital asset services to the different user groups and maximizes asset utilization.
The use of big data categorizes the different users and their different needs and establishes a complete data matching chain across the whole industry. The large amount of capital creates the underlying foundation and cornerstone of the VRB digital asset bank, while the five major financial ecosystems perfectly meet the real needs of today’s digital asset holders.
1. Digital Asset Storage: Deposited digital assets can also produce substantial returns.
2. Digital Asset Loans: Under-utilized funds are lent to people who require loans, which means that the assets in circulation produce greater returns.
3. Quantitative Trading of Digital Assets: Assets have another higher form of return.
4. Digital Asset Insurance: Lowers the levels of risk to asset holders.
5. Leveraged Trading of Digital Assets: For those prepared to take higher risks, it provides financial leverage services to grow funds.
Just like eating and breathing in the real world, the VRB cryptocurrency bank will become one of the basic requirements of the digital asset world; as long as there are digital assets, you won’t be able to work without it.
The VRB encrypted bank has now been launched and is supporting the use of mainstream digital assets such as Bitcoin, ETF, USDT, Dogecoin, Litecoin, Dash and BitCash. It is committed to building the leading, contract-based, cryptocurrency bank in the world, and is expected to become a landmark project in the realization of the use of the blockchain in the real world.