Fintech company iCrypto S.A., developing Datarius Cryptobank, is at the forefront of new digital economy. The Datarius project is a new, social-type cryptobank with transparent conditions. In cryptobanking industry, Datarius will become the first financial institution capable offering its customers a full range of financial services implemented within a decentralized system.
The uniqueness of Datarius Cryptobank is that the project allows customers to get services, adapted to their needs. Datarius will operate on the basis of P2P ecosystem (peer-to-peer), where transaction participants are private users, and not banking institutions. This is not a novelty in the financial market, but system offered by Datarius inherited best traits from traditional banking products, adapting them to the principles of decentralized system operation. Such platform will be a perfect solution for people without credit history, to whom traditional banks cannot provide loan proposals, or for whom current offers on the market will cost much more.
The Datarius project has a global value. It is designed to overcome current diffculties connected to use of cryptocurrencies in non-digital world, introducing options of integrated crypto- and fiat money services into payment infrastructure for this purpose.
Primary mission of Datarius cryptobank is creation of P2P-system that would make use of full potential of decentralized financial technology within the framework of cryptocurrency payment system and real life.
Another substantial part of Datarius mission is to provide world community with access to major financial instruments in P2P transaction format. In relatively short time cryptobank clients will receive services that ultimately meet their needs, because transactions will be conducted in automatic mode, while services will be customizable. Any transaction will be much more profitable since P2P-platform does not split loan and deposit products and does not involve staff dealing with this.
Unlike most developers who continue promoting monopolization of world financial market by large players, Datarius team aims to create perfect financial institution that would adopt all advantages of traditional financial organizations, leaving behind their major disadvantages: non-transparency, unpredictability, lobbyism, and administrative burden. Datarius model represents decentralized system in exceptional and most complete format. It includes blockchain technologies that ensure secure information recording and storage. This excludes the possibility of changing or falsifying any piece of data.
Usage of cryptocurrencies, which do not require central control, as well as smart contracts allows to process transactions more effciently and safely compared to conventional deals. Datarius is a decentralized partially closed system which sometimes excludes bank participation that makes it possible for users to gain profits.
The system allows users to make their own decision when judging appropriateness of certain services and applications, which minimizes cost of processing transactions. Customer selects a service according to his/her own requirements and pays the price without customer service charge.