BITBOSE- THE MODERN WAY OF BANKING

INTRODUCTION
The banking or financial system is one of the most important aspects in our sectors today. The roles these banking institution plays cannot be overestimated. They assist in safeguarding our money, assist in giving out loans, safeguarding of important assets and so many functions too many to list.

 PROBLEMS ARISING IN THE BANKING SECTOR
Due to the traditional method of banking, the sector is gradually declining in its assistance, people get reluctant to go and make some transaction. The centralized system in the banking system makes it really hard for the banks to keep up with the growing technological advances.

Ever gone to the bank to apply for loan or mortgage they give you a long list of demands and you end up leaving the banking hall empty-handed and also with a change of mind.

The centralized nature of the banking sector makes their server very susceptible to hacks. Even the very big banks with sophisticated security are not left out.

Another major problem of the traditional banking system is the problem of currency, the centralized nature still makes a transaction in other currency difficult thereby amounting to the high rate of transactions. They still use a different currency in their different countries, making it difficult for transactions between two people from different countries having a stress free transactions without paying a cumbersome amount as transaction charge.

 THE WAY FORWARD
BITBOSE is a decentralized platform, that uses the blockchain technology to combat the problems that arise with the traditional way of banking.

Cryptocurrency is one of the leading currency being used all around the world now with no boundary or currency disturbances. The most popular being Bitcoin and Ethereum can be used to make transaction worldwide.

BITBOSE platform being powered by blockchain will make banking transaction very easy, reliable and very trustworthy. On the platform, any transaction being made can be tracked with an i.d hence can be monitored until it gets to the finish line. The platform will be very very transparent. The transaction fees will be very minimal. All transaction will be time-stamped and verified and the transaction will be open for all to see.

The BITBOSE platform will use an artificial intelligence (AI) bot that will aid very easy transactions, the machine will make smart decisions and will be totally free of all human errors. The platform will work as a normal bank works but in a better and suitable ecosystem.

 CONCLUSION
Blockchain and cryptocurrency with its decentralized system have fast risen and become more trustworthy and reliable, its transactions on the platform are very easy and convenient. So am encouraging everyone to join the bandwagon of the future, so as not to be left out.

To learn more about this amazing project, please visit the following links below;
                    
Whitepaper    ANN Thread

Username: pweetyface
Bitcointalk Profile Url:
https://bitcointalk.org/index.php?action=profile;u=2301396

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