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When people hear the phrase financial services the first thing that comes to their mind are the traditional banking institutions. These institutions are dated, expensive and extremely difficult to access for a large portion of the world’s population. Seismic Crypto Bank Ltd has been established to offer its patrons a service that is easily accessible, cheap and extremely fast.  Using the blockchain, financial transactions can be completed within mere seconds and will cost the customer a minimal fee of not more than a few cents.

Currently the target market, unbanked persons in South Africa, consists of 19 million people and investors should bear in mind that that is only in South Africa. With the worldwide number being close to a billion people Seismic has a wonderful opportunity to revolutionize the way banking and financial transactions have been done to the day. Essentially this is an uncontested market and together with the magnitude of possibilities, worldwide adoption is only a matter of time.

Prior to the opening of Seismic Crypto Bank, the company raised capital as a startup business and launched a token on the Binance Smart Chain platform. Seismic Crypto Bank has also developed a fully functional Web App which supports all the functions and services they will offer.

In its initial rollout customers of Seismic Crypto Bank will be able to make payments to other Seismic account holders, purchase mobile bundles, prepay their utilities and ability to make purchases or withdraw cash with their Seismic Debit card (Limited to KYC customers only).

To sustain a profitable business Seismic Crypto Bank charges a 1% fee for all deposits into Seismic through a credit card, 0.5% charged to participating merchants for every Seismic Debit card swiped and a 5% fee on all prepaid products purchased. On the Binance Smart Chain side of Seismic Crypto Bank they collect fees through Buy and Sell transactions made on the platform.

Currently for Binance smart chain investors there will be an ownership of 20% of the Seismic Crypto Bank Ltd shares which will be held in a trust. Investors will be paid out dividends on a quarterly basis with the first projected dividends to be paid out in Q3 of 2022. Seismic is currently also developing several additional utilities for Binance Smart Chain investors. This is to constantly offer innovation, Passive income and true utility to Seismic Crypto Bank their investors.

To find out more about Seismic Crypto Bank do click on the hyperlinks below:

Twitter: https://twitter.com/seismiccb

Telegram: https://t.me/SeismicCryptoBank

YouTube: https://studio.youtube.com/channel/UCSPQ4G-wjyLcPjzt95a3Vtg

Reddit: https://www.reddit.com/r/SeismicCB/

Media Contact
Company Name: Seismic CB Ltd
Contact Person: Media Relations
Email: Send Email
City: Johannesburg
Country: South Africa
Website: https://seismiccb.com