The story around crypto currency lives up to its name quite well. It’s cryptic. From its inventor, who is still unknown, to its journey from the outer fringes of financial explorations and backdoor investors on private networks to almost commonplace water-cooler talk, it’s taken a journey into the mainstream, yet is still largely unknown by the common consumer.
The chances are, if you ask your friend, uncle, mother, or your old college roommate, they’ll tell you they’ve heard of crypto currency but that they have no clue what it is, much less how it works.
But one dynamic and fast growing startup is aiming to be a key plot point in cryptocurrency’s story as the potential main bridge from its status as a fringe financial instrument to every day retail solution.
BNB Fintech, an innovative financial technology startup centered around cryptocurrency, is trying to perfect it. Not only is BNB Fintech aims to become the future of face-to-face and point-of-sale cryptocurrency payments; it wants to make the concept of the mobile wallet work for everyone, especially in our cryptocurrency environment.
As they explain,
“Unlike the other wallets out there, BNB Cash Fintech would like to have our own wallet in order to consolidate all the above projects along with our special programs that are noted under “Statement of Problem” into one easy access e-wallet for the holders to track their points, spending behavior as well as seamless purchasing/trading experience on exchanges, Cash Central, POS and even their debit cards! As the integration will be way more different and difficult compared to current available wallets out there, the earlier projects above must be completed to ensure our wallet is unique and will be in demand. Another point to note on the wallet development being the 4th planned development on the list is that there are other wallets available in the market for our holders that do not cost money for BNB Cash to integrate currently.”
BNB Fintech explains this concept in an example scenario:
“Mohamed is a merchant who has purchased our POS application and an avid user of BNB Cash Debit Card to support his daily transactions. He found out that BNB Cash Wallet is available to be downloaded. Mohamed downloads it off his Google Play Store and opens the application.
In the application, Mohamed can track his turnover rate as well as other transaction information such as seller details, transaction time, transaction amount, etc., alongside his inventory, creating a simplified all-in-one cryptocurrency POS system.”
The name of the game? BNB Fintech wants to make cryptocurrency as easy and accessible for usage as your debit or credit card, for any merchant.
BNB Fintech has researched and is aiming to work with Simplex to see their requirements for a partnership for BNB Cash (their flagship token product) Visa/Mastercard debit cards which will convert cryptocurrency to cash to be used like cash.
BNB Fintech’s flagship product is their BNB Cash Token, described on their website: “BNB Cash is the native token of BNB Fintech. running on the Bep20 platform, BNB Cash is fast, low in transaction fees, and most importantly – secure.”
Ideally, the BNB Cash option will replace debit cards for many consumers. “[We will have] debit cards integrated with the mobile wallet, potentially partnering with Simplex so individuals can pay for everyday items with crypto. We will have a point-of-sale application which will allow Merchants to accept BNB Cash in their online or brick and mortar shops,” BNB Fintech’s leadership team explains.
BNB Fintech is a power-packed team with expertise in many areas including finance, IT, design, merchant acquisition, payment systems, customer retention, human resource management, risk management, and project management.
Through their marketplace, mobile wallet, rewards program, point of sale application, and usable NFTs, they are continually bringing innovation, passion, and creativity to the cryptocurrency space to make the transaction process clearer and more accessible for crypto enthusiasts and those who are curious.
Elle Hoesch, co-founder, explains what BNB Fintech is also rolling out in the near future:
“After launch, we will begin development of our peer-to-peer crypto marketplace. Think Craigslist, OfferUp, etc., where people can buy, sell, and trade items but payment is done in cryptocurrency rather than fiat. We will create a mobile crypto wallet but what sets ours apart is that it houses many of our developments so users have a single access point.
Ultimately, the BNB Fintech team believes that the crypto market is going to continually expand, and point-of-sale and transaction solutions are a key part of making this burgeoning world more accessible to the average customer.
“Through cryptocurrency investing so many out there are changing their lives. We believe that’s not going to cease any time soon,” Hoesch explains.
BNB Fintech will also be having a launchpad presale on Unicrypt, scheduled for October 2nd at 2pm GMT.