CryptoBank

CryptoBank (CBANK) is an incorporated virtual asset management platform where the users can manage various assets of different exchanges in one platform. According to the whitepaper, this network allows easy transfer and real-time payment in affiliated stores. CryptoBank aims to solve various issues that hinder the practical usage of virtual assets. Issues include uncontrollable asset management due to different virtual assets listed on various exchanges and the complex transfer process in which a long and complicated wallet address needs to be entered each time.

CryptoBank seeks to solve these problems by presenting an optimized platform for virtual asset management and usage. Users can manage various virtual assets using the exchange's Application Programming Interface (API) key with one application. API is a code that allows various applications to interact and share information. Also, the user can deposit their virtual assets in the CryptoBank custodial (trusted) account to make real-time payments with virtual assets at any time at the affiliated stores. Apart from this, CryptoBank intends to allow virtual payments with a single QR via a patented technology called the Smart QR system. QR payment is an emerging non-contact payment system.

CBANK is the native token of the CryptoBank network. The network claims that the users who make payments with virtual assets will be qualified for various rewards, such as promotional discounts with partnerships with the affiliates. Users can enjoy advantages when completing payments with CBANK tokens: They can relish a discount on fees by making a payment with CBANK, and they can receive a specific payback based on their holding and usage amount.

Scott Seo is the CEO and Jeffry Kim is the CTO of the CryptoBank network.