KLEYNBANK – Linking Fiat and Crypto World in Making Fiat Accounts and Regular Crypto Wallets

Hello everyone, in this review I will invite you to see how the company KLEYN BANK works. following this explanation:

PREAMBLE

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Kleyn coins, a decentralized coin aiming to connect the fiat and crypto world in creating regular fiat account and crypto wallets for every day payments and banking needs on one application for worldwide use in one simple place on your phone or computer for everyone to understand and make life a simple place for financial needs has arrived, courtesy of Kleynbank .

With the basic understanding of blockchain technology and its working, the real question that pops up into our minds is Blockchain really useful for the banking sector? If yes, then how can we utilize Blockchain in the best possible way for the industry? And most importantly, is blockchain here to stay or go?

"According to a claim by the Harvard Business Review, blockchain will do to banks what the internet did to media. When it comes to banks and financial organizations of this day, Blockchain has the potential to solve a lot of problems. Blockchain technology possesses all the attractive characteristics needed by a reliable technology involving money matters. It is safe, secure, decentralized, transparent as well as relatively cheaper.

Blockchain provides a very high level of safety and security when it comes to exchanging data, information, and money. It also allows users to take advantage of the transparent network infrastructure along with low operational costs with the aid of decentralization. These characteristics make blockchain reliable, promising and in-demand solution for the banking and finance industry.

Financial institutes perform the necessary function of keeping money safe and secure for people and therefore, the processes in place require a lot of mediators. The involvement of these mediators is what makes the industry more expensive. Moreover, with the involvement of too many people and manual processes, the chances of errors and frauds always increase. Blockchain technology aims to do the heavy weightlifting by securing transactions and making the overall customer experience more satisfactory and less money consuming."

With that being said, KLEYN bank believes that the banking system requires the greatest reforms of the 21st century and that only blockchain and biometrics can make it simple and safe. Kleyn Bank aims to provide the best innovative services to personal and business banking clients.

Now that I have your attention, let’s get right to it.

What exactly is Kleynbank?

KLEYN bank is a true innovation in the banking system without borders dedicated to the world. KLEYN bank believes that the banking system requires the greatest reforms of the 21st century and that only blockchain and biometrics can make it simple and safe. Kleyn Bank aims to provide the best innovative services to personal and business banking clients. In the era of new smart contract technologies, infinite possibilities will be offered for existing businesses and new businesses. KLEYN bank believes that companies should not have limits and really understand that banking services are a vital part of any business. The innovation products and services will bring the true potential of the business.

The Features

Kleyn Corp LTD is going to provide a wide range of payment processing solutions to all business clients. E-commerce clients will have the possibility to easily accept payments on their web-pages, platforms, applications, games, etc. with easy to use and informative merchant cabinet/panel. They will have the opportunity to accept payments in traditional Fiat currencies via credit or debit cards (Visa, China UnionPay, MasterCard, Diners) and direct bank transfers.

Apart from that, entrepreneurs will be able to accept payments in digital currencies with support of the bank which will provide clearing procedures. At the same time, the bank will provide convenient and effective invoicing services. Having all these services provided by Kleyn Corp LTD, companies will have the opportunity to substantially decrease costs, increase effectiveness of working procedures related to financial management and get access to a wider audience of potential customers.

The team will develop a POS terminal software, which will give users of our bank a possibility to connect a credit card or a bank account tohis/her fingerprint, and pay in the store by applying a thumb to the Fingerprint scanner attached to POS terminal. This technology will increase effectiveness of payment process in the store, and will provide benefits not only for customers, but also for business clients, by lowering the amount of queues and increase the amount of sales.

The Benefits

Benefits of Kleyn Crypto Bank of Investors

The 1% of each coin sold will be destined to the development and achievement of new miles assuring a stable and reliable system that can benefit each user.

Mobile Operators

Desktop utility and all-in-one application with ease of use to avoid long and annoying waits for customer service with your daily banking needs. Do it yourself and manage the portfolio.

The idea of banking is to evolve the banking system and revolutionize the way it pays through the chain of blocks in a decentralized manner so that it has total control. Kleyn Bank will provide a wide range of payment processing solutions to our commercial customers. E-commerce customers will have the possibility to easily accept payments on their web pages, platforms, applications, games, etc. with an informative and easy to use panel / shop. Our services include;

Processing of payments in FIAT and serial payments that are not FIAT in FIAT and not in FIAT Multi,
Administration of bank accounts,
Billing,
Issuance of cards,
Processing of white labels,
Intelligent management of contracts,
Biometric POS terminals.

About Kleyn Coin

Kleyn Coin is a decentralized currency that aims to connect the world of fiat and crypto in creating regular fiat accounts and crypto portfolios for daily payments and banking needs in applications for use around the world in one place on a cellphone or computer for Everyone to understand and do Life is a simple place for financial needs.

Kleyn Corp LTD will operate as a gateway for cryptocurrency – it will turn fiat into crypto currency and return to fiat. The bank will be integrated with the main cryptocurrency exchange and use its own reserves in fiat and cryptocurrency to execute exchange requests from our clients. For our clients, the exchange operation between a fiat account and cryptocurrency will be as simple as transferring money from one fiat account to another fiat account.

How will KLEYNBANK Work?

Kleyn Corp Ltd will be built using modern best practices and technologies. All company data will be replicated to several geographically distributed data centers around the world. Data will be saved on a regular basis. All KleynBank executive servers will be duplicated for reliability. Distributed computing will be used to ensure high availability of banking services. Company KleynBank will use a load balancer to distribute network traffic between its interfaces - apis and web interfaces. All systems of the company will be designed in such a way that they can be expanded to billions of users. Access to the KleynBank system and all API actions will be strictly controlled. To gain access to the company's API, developers will need to create developer accounts and register their applications in the system. KleynBank systemwill store application profiles that will contain all the information necessary for access via API - application identifier, private key, permissions. Private keys will be used to authorize all API calls from the application and to confirm that this API call comes from the correct application. To use some domain-specific APIs, developers must send a request to access that part of the API and get approval from the bank. When the approval of the bank is received, the application is allowed to request customers to grant their permission to the application. The application has the ability to invoke these protected API methods when all necessary permissions are given by the bank buyer.

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