EQUITEN

EQUITEN

EXECUTIVE EQUITEN EXECUTIONS Key Features of EQUITEN-funded EQUITEN Card Purchases with EQUITEN Cards - Example of BTC-funded Purchases with EQUITEN Cards - Example of EQU Token Creation Support for other ERC20 currency Credit Limit & Credit Card Payment Cards EQU TOKEN CREATION The EQUITEN BLACK Card Use of Funds Token Sale Escrow Reserve Token USING A SCENARIO CASE Funding Your Equiten Card with ETH / BTC and additional automatic exchange of interest rates between banks when you swipe cards Spending in foreign currency while traveling abroad Online shopping in foreign currency Sending money back home Separating bills / paying back friends Paying suppliers / contractors / traders in foreign currency. EQUITEN APP & PLATFORM. DETAILED REVIEW, Equiten App Card issuing &

Equiten CARD EXECUTIVE SUMMARY The  

functionality of Equiten Card makes it a must-have item not only for every Ether or Bitcoin holder but also for everyone who spends money in foreign currency. 

Key features  

Spend your Ether or Bitcoin with a physical Equiten Card, wherever cards are accepted, both online & offline  

Only the exact amount you spend with your Equiten Card will be gradually exchanged from ETH / BTC in real-time as you swipe your card, with rest securely stored in your wallet that only you have access to 

Exchange money at the perfect interbank exchange rate using Equiten App • Enjoy the same perfect interbank rate every time you spend on Equiten Card  

Send money from Equiten App in 23 currencies to 120 countries worldwide free 

Send money between users Equiten Application free & real -time, with instantly available money for recipients on  their Equiten Card  

Customers  can be done entirely through the Mobile Application - a process that takes less than 3 minutes 

Equiten Card  

To receive Equiten Card, our subscribers must download Equiten Android / iOS App and go through the process onboarding 3 minutes simple, including KYC remotely. We will issue and send Equiten Card to customers for free. Physical cards can be used for both online and offline purchases at more than 30 million merchant locations globally. 

Whenever you spend with Equiten Card, you will be given a perfect interbank exchange rate without markup or fees. In practice it means EUR30-40 savings on every EUR500 outlay, compared to high street banks. 

You can fund your account with Ether and Bitcoin, instantly and for free. You can also use fiat currency, add your account via bank transfer or by debit / credit card. Finally, you can also apply for a credit line from our App and receive an instant decision based on the crypto assets stored in your account. Topup credit limits effectively change Debit Equiten Cards into credit cards, as you will only pay interest on the amount of credit you use, but do not pay back in a timely manner. 

Spending your ETH / BTC with Equiten Card is indefinitely. You store your ETH / BTC balance in your wallet, which you can see anytime in Equiten Application. Every time you swipe your Equiten Card, we will only exchange the additional amount of ETH / BTC required to complete the fiat currency transaction. Your remaining ETH / BTC balance remains in your wallet. There is no monthly or annual fee for the use of Equiten Card. Access to the perfect interbank exchange is free. Equiten will not charge any ATM withdrawals globally within the Fair Use Limit. 

ETH funded purchase with Sample Card Equiten 

Jenny uses Equiten Card for travel expenses. He topped his Equiten account with 1 ETH. He was in France on holiday and spent EUR 16 at lunch. He swiped the Equiten Card. The server-side processing system Card Equiten implements a perfect inter-bank exchange rate to calculate that EUR 16 is equivalent to USD 17.7410. Based on the current exchange rate between USD and ETH, provided by the highest daily exchange volume, USD 17.7410 is equivalent to ETH 0.04 ETH. 

Equiten will provide the best available exchange rate between USD & ETH to users without mark-up. Equiten will cover the USD & ETH exchange rate (maker / take-down cost traditionally charged by cryptocurrency exchange). 

No fee charged for exchange between USD & EUR. 

BTC-funded Purchases with Equiten Cards The Scenario Example  

works exactly as with the ETH-funded purchase described above, the only difference is the 1% Asset Contract software license accrual. The BTC equivalent will be converted to ETH at the prevailing rate without exchange fees and credited to the EQU Asset Contract. Equiten will bear BTC & ETH exchange fees (maker / take-down fees traditionally charged by cryptocurrency exchange). 

Equiten will provide the best available exchange rate between BTC & ETH without mark-up. 

EQU Token Creation  

Event Equiten EQU Token Creation will take place for the duration of Token Sale, starting 9:30 UCT on August 1, 2018. Fixed numbers will be made during the sale, and nothing else will be made thereafter. 

Support for crypto currency 

other widely accepted Cryptocurrencies will be added to the platform over time as they gain popularity and in consultation with the community. 

Credit Limits & Credit Card Limits  

for cardholders work easily and apply to the balance of the cardholders  

The highest credit limit is granted to the EQU token at the rate of 85%. 

Example: EQU $ 5 token value, 100 token customer deposits in their Equiten credit card wallet. This represents a market value of $ 500.  Customers will be able to spend up to $ 425 in fiat form. 

Equiten currently supports 10 crypto currencies with a credit rate of 60%. Supported crypto currencies are: 

Bitcoin  

Ethereum • 

Ripple •  

Bitcoin Cash 

Litecoin  

Tether  

Monero  

NEO  

DASH  

Cardano  

In future, additional crypto currency will be added. Credit

Card Payments  

Credit card bills are issued monthly and payments are made every 90 days. There is no obligation to pay back the outstanding balance because your crypto is used to support the purchase of fiat. Any crypto that is not used as a security against a purchase is always available to exit the system 24/7. At the end of the 90-day billing cycle, our system automatically completes your account and releases outstanding crypto balances. Customers also have the ability to complete their accounts at any time during the billinng cycle and withdraw the remaining crypto. 

CREATION EQU TOKEN 

Equiten aims to receive up to 250,000ETH from our initial token partner and create approximately 330 Million EQUs for sale in exchange for the ETH undertaken. 

Token sales will last for 30 days at each stage. After the stage is sold, the next stage will begin. If soft-cap is not achieved all funds will be refunded. If the hard-cap is reached, the event will be closed automatically. If a stage does not sell the rest of the token will be transferred to the final stage of token sales. Any unsold token will be transferred to a backup fund. 

Soft cap reaches 150 million EQUs sold. 

Hard cap reached after 330m EQU sold. 

Equity BLACK Card  

Limited Edition Equiten BLACK will be issued to the first 1000 customers who meet the requirements. 

To qualify you will need to buy 50,000 EQU and hold it for at least 6 months. After you purchase you must hold the Equiten wallet to start the qualifying timer. If you move the token out the timer will be reset. Please note that moving the token back to the wallet will start the timer and a full 6 months will be required. 

There will be no BLACK Equiten Card issued after the initial 1000  

. BLACK CARD 

In addition to the exclusive design, BLACK Equiten Card holders will enjoy the perfect interbank exchange rate with no perfect deadline and a free triple monthly ATM withdrawal limit. More benefits will be launched over time. 

The person who donated the highest tokens on ICO will be rewarded with Equiten BLACK Card Number 001 and will receive a 100,000 EQU Tokens bonus from Equiten Founder's Pool. 100.000 Bonus EQU Token will not be subject to locking period 

Winners will be announced at the end of the token sale, the winner must meet the black card requirements for bonus tokens given  

Use of Funds  

The proceeds from token sales will fund product launches, sustainable development platforms, and user acquisitions: 

35% - R & D and Product Development Includes opening of R & D center in London with about 20-30 engineers. 

20% - Customer Marketing and Acquisition Marketing budgets are insignificant compared to the target number of customers we want to get. The main source of new subscribers will be word-of-mouth, as this product provides a very powerful commercial incentive for users to download the Application and earn Equiten Card. There is a natural network effect built into the product around the P2P remittance function, which will substantially lower the cost of subscribers (CAC). 

15% - Initial Capex, including e-Money license fees, compliance and architectural configurations. Some of our key partners are listed in section 4 of the document. There is a huge cost associated with integrating all these partners, obtaining all necessary licenses in various jurisdictions, building compliance teams, legal fees and general technical architecture settings. 

30% - Working Capital Our products - The first and only Universal Money Application - is to bridge the gap between the world of crypto and fiat currencies. To offer our users real-time access to funds and perfect exchange rates without mark-ups, we have to bridge the funding gap between several parties using our own balance sheets. 

Sale Escrow Tokens 

Funds made during the sale of EQU Token will be kept in a secure multisignatur wallet and will only be removed from accounts with 2 of 3 signatures. 

Reservation Token

We set aside 100,000,000 of all EQUs made as Reservation Tokens. This EQU will not be issued or sold during initial sales and is locked in a smart contract. If at any point it seems advisable for the Equiten Card project to sell more tokens, some or all of these can be offered in an auction format or other format that suits the project's capital needs. In particular, there is a large balance sheet strength requirement if Equiten decides to apply for a full banking license in the EU or Asia. In the meantime, this EQU will not be used in any way. They will not be considered as issued. Perhaps this EQU will never be issued, however, we feel the need to have a backup if necessary. In any event,

USING CASE SCENARIO  

Funding your Equiten Card with ETH / BTC and additional auto exchange with interbank interest when you swipe the Equiten Card card  

is the easiest and cost-effective way to spend your Ether and Bitcoin, period. You can load your Equiten Card with ETH / BTC in real-time and for free and have funds immediately accessed with your Equiten Card. You can set rules to automatically top-up your card every time the balance falls below a certain level. 

At the time of the transaction when you swipe the card, we will check whether you have sufficient balance in your account and only convert the amount necessary to complete the transaction. 

All transactions completed with Equiten Card are made at the perfect interbank rate. Banks & credit card companies usually charge FX fees and cross-border fees every time you spend in foreign currency. With Equiten Card you can save EUR30-40 for every EUR500 spent. 

Expenditure in foreign currency when traveling abroad  

With Equiten Card, you can pay in more than 30 million merchant locations globally. Your card will always be treated as a local currency card, you will receive a perfect inter-bank exchange rate without mark-up, no cross-border fees, no worries. 

Online shopping in foreign currency  

Using Equiten Card to shop online in foreign currency is the best way to save money  

Sending money back home 

Transferwise is 6-8x cheaper than the high street banks when sending money back home. Sending money with Equiten App is an additional 0.5% cheaper than Transferwise. Comparing with Western Union or MoneyGram makes almost no sense - our users can save as much as 25% on a single transfer as opposed to an obsolete institution. 

Separating bills / pay back friends  

Equiten App allows you to easily share bills with your friends or pay them back with a single swipe and authorization Touch ID. 

Paying a supplier / contractor / trader in foreign currency  

For those who run a business that pays suppliers in FX, Equiten App is the best foreign currency source. We beat every bank and every money transfer company with perfect interbank rates. 

Equiten APP & PLATFORM. 

Detailed REVIEW  . Equiten 

Proprietary Application  . Both iOS and Android Apps are built in-house with a focus on simplicity and ease of use. 

Card issuance & processing platform 

Equiten Card will be issued by one of the leading publishers and global processing platform, listed on the Frankfurt Stock Exchange, with one of its subsidiaries holding full banking license in Germany  

Our processing platform is MasterCard® and Visa® accredited processor. They are Level 1 PCI DSS compliant. The company is headquartered in the UAE and has an end-to-end solution that includes: core payment processes, program management tools, order software development, financial control and reconciliation, technical support and cardholder customer service. 

Platform 

KYC Our onboarding & KYC solutions are built with a new generation of digital ID verification, enabling businesses to reduce fraud and increase revenue while providing a fast and seamless customer experience. Use computer vision technology to verify credentials issued by over 200 countries in real time web and mobile transactions. 

Sanction / PEP check  

To comply with relevant KYC / AML rules, all Equiten Cardholders underwent standard Sanction / PEP checks in partnership with Thomson Reuters World-Check 

Thomson Reuters World-Check risk intelligence data accessible using custom made filtering platforms, APIs, and selected partner software. WorldCheck data supports our clients' due diligence obligations in combating financial crime, bribery, corruption, human rights crimes and environmental crimes. 

World-Check appreciates data protection and privacy implications in providing this database and has a robust data protection process. 

P2P Transfer between users of Equiten 

Proprietary Application  . Equiten Application Users will have the ability to send currency (both crypto and fiat) to each other for free and in real time with funds available to direct recipients and accessible by their Equiten Card at ATM & POS globally

Interbank Exchange Rate, Settlement Physical & Hedging  

Proprietary. To offer all customers Equiten the perfect interbank exchange rate without losing large sums of money, we connect with 8 of the top 10 banks by volume of foreign exchange, giving us access to low liquidity and spreads. Our backend handles the settlement and uses its own algorithmic currency hedging strategy. 

Cross Boundary 

Equiten Transfers platform  partners with multiple parties to empower cross-border transfer capabilities using existing banking rails. In this arrangement, funds are sent locally, avoiding cross-border fees. We are looking to deploy a blockchain based solution at a later stage. 

Top-up Channels

Customers will be allowed to recharge their Equiten Card with Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Tether, Monero, NEO, DASH or Cardano. 

Apple Pay & Android Pay Functionality  

Customers will be able to link their cards to Apple Pay, Samsung Pay and Android Pay in Q1 2019  

Physical Card Production & 

Equity Card Supply Management  will be produced by Gemalto, one of the market leaders with EUR 3.1b in Revenue 2016 and 15,000 employees in 48 countries  Direct  Fodder

Rates  API  Interbank direct exchange rate  API Feed  from one of the industry's gold standards - MorningStar. Card Security Management

Industry-leading card security features are available from Equiten Apps - including card blocking, blocking, geographic security settings, online shopping capabilities, and more. 

Companion Card Management  

The ability to issue a companion card with the ability to manage expenditures limits  basic 

MARKET  

, there are two broad groups of customers for whom Equiten Card has been built  

Cryptocurrency holders, who want to spend the globe in the most convenient and efficient way 

Fiat-only customers, are spending in foreign currency and are now facing excessive rates of fees imposed by banks While the source of funding for Equiten Card will differ for both groups of customers, their use cases mostly overlap and include:  

Outbound IPK International travel expenses 

reported that the world travel market turnover for the full year 2016 exceeded the $ 2 trillion figure for the first time, which is an increase of about 7 to 8% compared to 2015. The outlook for travel in 2017 is very positive, according to the International GPA. Consultants estimate the increase in outbound travel around the world between 4 and 5%. IPK International sees very strong growth for trips out of Asia, with a 6% increase. China's outbound tours are a great opportunity. Over 70% of cross-border travel is made to Hong Kong and Macau, according to World Travel Monitor. The trip out of China amounts to about 39 million by 2015, excluding trips to Hong Kong and Macao. For Chinese tourists holding digital currencies, Equiten Applications can be an important tool. 

Remitted money transfer (send money to home country)  

Remittances - simple enough - money transfer made by a foreign worker back to an individual in his home country. However, typical international money transfers require much communication between individuals at both ends. They must calculate the exchange rate, synchronize the amount, collect the personal details, approve the transfer method, and then confirm when the cash has been sent and received. Worldwide, 230 million people send $ 500 billion in remittances annually, primarily using companies such as Western Union, Moneygram, and RIA. India, China and the Philippines are the top three countries that receive the most money through remittances. 

In terms of the continent, Asia is the biggest recipient so far - by 2016, migrants from China and India send home a staggering $ 180 billion. year, primarily using companies such as Western Union, Moneygram, and RIA. India, China and the Philippines are the top three countries that receive the most money through remittances. In terms of the continent, Asia is the biggest recipient so far - by 2016, migrants from China and India send home a staggering $ 180 billion. 

Cross-border online spending in foreign currency 

B2C's cross-border global e-commerce market will swell to $ 1 trillion by 2020 from $ 230 billion in 2014, according to a report from global consulting firm Accenture and AliResearch, Alibaba Group's research group. In the report, researchers estimate that an increasingly popular form of online shopping - involving consumers using the internet to buy products directly from overseas retailers - will experience a combined annual growth of 27.4 percent per year. By 2020, more than 900 million people worldwide will be international online shoppers, the report said, with their purchases accounting for nearly 30 percent of all global B2C transactions. 

China will become the largest cross-border B2C market by 2020, with the volume of transactions of imported goods purchased online at $ 245 billion, according to Accenture-AliResearch. The report predicts more than 200 million Chinese consumers will cross-border spending by 2020. 

THE FUTURE OF CRYPTO INVESTMENTS

EXECUTIVE EQUITEN EXECUTIONS Key Features of EQUITEN-funded EQUITEN Card Purchases with EQUITEN Cards - Example of BTC-funded Purchases with EQUITEN Cards - Example of EQU Token Creation Support for other ERC20 currency Credit Limit & Credit Card Payment Cards EQU TOKEN CREATION The EQUITEN BLACK Card Use of Funds Token Sale Escrow Reserve Token USING A SCENARIO CASE Funding Your Equiten Card with ETH / BTC and additional automatic exchange of interest rates between banks when you swipe cards Spending in foreign currency while traveling abroad Online shopping in foreign currency Sending money back home Separating bills / paying back friends Paying suppliers / contractors / traders in foreign currency. EQUITEN APP & PLATFORM. DETAILED REVIEW, Equiten App Card issuing &

Equiten CARD EXECUTIVE SUMMARY The  

functionality of Equiten Card makes it a must-have item not only for every Ether or Bitcoin holder but also for everyone who spends money in foreign currency. 

Key features  

Spend your Ether or Bitcoin with a physical Equiten Card, wherever cards are accepted, both online & offline  

Only the exact amount you spend with your Equiten Card will be gradually exchanged from ETH / BTC in real-time as you swipe your card, with rest securely stored in your wallet that only you have access to 

Exchange money at the perfect interbank exchange rate using Equiten App • Enjoy the same perfect interbank rate every time you spend on Equiten Card  

Send money from Equiten App in 23 currencies to 120 countries worldwide free 

Send money between users Equiten Application free & real -time, with instantly available money for recipients on  their Equiten Card  

Customers  can be done entirely through the Mobile Application - a process that takes less than 3 minutes 

Equiten Card  

To receive Equiten Card, our subscribers must download Equiten Android / iOS App and go through the process onboarding 3 minutes simple, including KYC remotely. We will issue and send Equiten Card to customers for free. Physical cards can be used for both online and offline purchases at more than 30 million merchant locations globally. 

Whenever you spend with Equiten Card, you will be given a perfect interbank exchange rate without markup or fees. In practice it means EUR30-40 savings on every EUR500 outlay, compared to high street banks. 

You can fund your account with Ether and Bitcoin, instantly and for free. You can also use fiat currency, add your account via bank transfer or by debit / credit card. Finally, you can also apply for a credit line from our App and receive an instant decision based on the crypto assets stored in your account. Topup credit limits effectively change Debit Equiten Cards into credit cards, as you will only pay interest on the amount of credit you use, but do not pay back in a timely manner. 

Spending your ETH / BTC with Equiten Card is indefinitely. You store your ETH / BTC balance in your wallet, which you can see anytime in Equiten Application. Every time you swipe your Equiten Card, we will only exchange the additional amount of ETH / BTC required to complete the fiat currency transaction. Your remaining ETH / BTC balance remains in your wallet. There is no monthly or annual fee for the use of Equiten Card. Access to the perfect interbank exchange is free. Equiten will not charge any ATM withdrawals globally within the Fair Use Limit. 

ETH funded purchase with Sample Card Equiten 

Jenny uses Equiten Card for travel expenses. He topped his Equiten account with 1 ETH. He was in France on holiday and spent EUR 16 at lunch. He swiped the Equiten Card. The server-side processing system Card Equiten implements a perfect inter-bank exchange rate to calculate that EUR 16 is equivalent to USD 17.7410. Based on the current exchange rate between USD and ETH, provided by the highest daily exchange volume, USD 17.7410 is equivalent to ETH 0.04 ETH. 

Equiten will provide the best available exchange rate between USD & ETH to users without mark-up. Equiten will cover the USD & ETH exchange rate (maker / take-down cost traditionally charged by cryptocurrency exchange). 

No fee charged for exchange between USD & EUR. 

BTC-funded Purchases with Equiten Cards The Scenario Example  

works exactly as with the ETH-funded purchase described above, the only difference is the 1% Asset Contract software license accrual. The BTC equivalent will be converted to ETH at the prevailing rate without exchange fees and credited to the EQU Asset Contract. Equiten will bear BTC & ETH exchange fees (maker / take-down fees traditionally charged by cryptocurrency exchange). 

Equiten will provide the best available exchange rate between BTC & ETH without mark-up. 

EQU Token Creation  

Event Equiten EQU Token Creation will take place for the duration of Token Sale, starting 9:30 UCT on August 1, 2018. Fixed numbers will be made during the sale, and nothing else will be made thereafter. 

Support for crypto currency 

other widely accepted Cryptocurrencies will be added to the platform over time as they gain popularity and in consultation with the community. 

Credit Limits & Credit Card Limits  

for cardholders work easily and apply to the balance of the cardholders  

The highest credit limit is granted to the EQU token at the rate of 85%. 

Example: EQU $ 5 token value, 100 token customer deposits in their Equiten credit card wallet. This represents a market value of $ 500.  Customers will be able to spend up to $ 425 in fiat form. 

Equiten currently supports 10 crypto currencies with a credit rate of 60%. Supported crypto currencies are: 

Bitcoin  

Ethereum • 

Ripple •  

Bitcoin Cash 

Litecoin  

Tether  

Monero  

NEO  

DASH  

Cardano  

In future, additional crypto currency will be added. Credit

Card Payments  

Credit card bills are issued monthly and payments are made every 90 days. There is no obligation to pay back the outstanding balance because your crypto is used to support the purchase of fiat. Any crypto that is not used as a security against a purchase is always available to exit the system 24/7. At the end of the 90-day billing cycle, our system automatically completes your account and releases outstanding crypto balances. Customers also have the ability to complete their accounts at any time during the billinng cycle and withdraw the remaining crypto. 

CREATION EQU TOKEN 

Equiten aims to receive up to 250,000ETH from our initial token partner and create approximately 330 Million EQUs for sale in exchange for the ETH undertaken. 

Token sales will last for 30 days at each stage. After the stage is sold, the next stage will begin. If soft-cap is not achieved all funds will be refunded. If the hard-cap is reached, the event will be closed automatically. If a stage does not sell the rest of the token will be transferred to the final stage of token sales. Any unsold token will be transferred to a backup fund. 

Soft cap reaches 150 million EQUs sold. 

Hard cap reached after 330m EQU sold. 

Equity BLACK Card  

Limited Edition Equiten BLACK will be issued to the first 1000 customers who meet the requirements. 

To qualify you will need to buy 50,000 EQU and hold it for at least 6 months. After you purchase you must hold the Equiten wallet to start the qualifying timer. If you move the token out the timer will be reset. Please note that moving the token back to the wallet will start the timer and a full 6 months will be required. 

There will be no BLACK Equiten Card issued after the initial 1000  

. BLACK CARD 

In addition to the exclusive design, BLACK Equiten Card holders will enjoy the perfect interbank exchange rate with no perfect deadline and a free triple monthly ATM withdrawal limit. More benefits will be launched over time. 

The person who donated the highest tokens on ICO will be rewarded with Equiten BLACK Card Number 001 and will receive a 100,000 EQU Tokens bonus from Equiten Founder's Pool. 100.000 Bonus EQU Token will not be subject to locking period 

Winners will be announced at the end of the token sale, the winner must meet the black card requirements for bonus tokens given  

Use of Funds  

The proceeds from token sales will fund product launches, sustainable development platforms, and user acquisitions: 

35% - R & D and Product Development Includes opening of R & D center in London with about 20-30 engineers. 

20% - Customer Marketing and Acquisition Marketing budgets are insignificant compared to the target number of customers we want to get. The main source of new subscribers will be word-of-mouth, as this product provides a very powerful commercial incentive for users to download the Application and earn Equiten Card. There is a natural network effect built into the product around the P2P remittance function, which will substantially lower the cost of subscribers (CAC). 

15% - Initial Capex, including e-Money license fees, compliance and architectural configurations. Some of our key partners are listed in section 4 of the document. There is a huge cost associated with integrating all these partners, obtaining all necessary licenses in various jurisdictions, building compliance teams, legal fees and general technical architecture settings. 

30% - Working Capital Our products - The first and only Universal Money Application - is to bridge the gap between the world of crypto and fiat currencies. To offer our users real-time access to funds and perfect exchange rates without mark-ups, we have to bridge the funding gap between several parties using our own balance sheets. 

Sale Escrow Tokens 

Funds made during the sale of EQU Token will be kept in a secure multisignatur wallet and will only be removed from accounts with 2 of 3 signatures. 

Reservation Token

We set aside 100,000,000 of all EQUs made as Reservation Tokens. This EQU will not be issued or sold during initial sales and is locked in a smart contract. If at any point it seems advisable for the Equiten Card project to sell more tokens, some or all of these can be offered in an auction format or other format that suits the project's capital needs. In particular, there is a large balance sheet strength requirement if Equiten decides to apply for a full banking license in the EU or Asia. In the meantime, this EQU will not be used in any way. They will not be considered as issued. Perhaps this EQU will never be issued, however, we feel the need to have a backup if necessary. In any event,

USING CASE SCENARIO  

Funding your Equiten Card with ETH / BTC and additional auto exchange with interbank interest when you swipe the Equiten Card card  

is the easiest and cost-effective way to spend your Ether and Bitcoin, period. You can load your Equiten Card with ETH / BTC in real-time and for free and have funds immediately accessed with your Equiten Card. You can set rules to automatically top-up your card every time the balance falls below a certain level. 

At the time of the transaction when you swipe the card, we will check whether you have sufficient balance in your account and only convert the amount necessary to complete the transaction. 

All transactions completed with Equiten Card are made at the perfect interbank rate. Banks & credit card companies usually charge FX fees and cross-border fees every time you spend in foreign currency. With Equiten Card you can save EUR30-40 for every EUR500 spent. 

Expenditure in foreign currency when traveling abroad  

With Equiten Card, you can pay in more than 30 million merchant locations globally. Your card will always be treated as a local currency card, you will receive a perfect inter-bank exchange rate without mark-up, no cross-border fees, no worries. 

Online shopping in foreign currency  

Using Equiten Card to shop online in foreign currency is the best way to save money  

Sending money back home 

Transferwise is 6-8x cheaper than the high street banks when sending money back home. Sending money with Equiten App is an additional 0.5% cheaper than Transferwise. Comparing with Western Union or MoneyGram makes almost no sense - our users can save as much as 25% on a single transfer as opposed to an obsolete institution. 

Separating bills / pay back friends  

Equiten App allows you to easily share bills with your friends or pay them back with a single swipe and authorization Touch ID. 

Paying a supplier / contractor / trader in foreign currency  

For those who run a business that pays suppliers in FX, Equiten App is the best foreign currency source. We beat every bank and every money transfer company with perfect interbank rates. 

Equiten APP & PLATFORM. 

Detailed REVIEW  . Equiten 

Proprietary Application  . Both iOS and Android Apps are built in-house with a focus on simplicity and ease of use. 

Card issuance & processing platform 

Equiten Card will be issued by one of the leading publishers and global processing platform, listed on the Frankfurt Stock Exchange, with one of its subsidiaries holding full banking license in Germany  

Our processing platform is MasterCard® and Visa® accredited processor. They are Level 1 PCI DSS compliant. The company is headquartered in the UAE and has an end-to-end solution that includes: core payment processes, program management tools, order software development, financial control and reconciliation, technical support and cardholder customer service. 

Platform 

KYC Our onboarding & KYC solutions are built with a new generation of digital ID verification, enabling businesses to reduce fraud and increase revenue while providing a fast and seamless customer experience. Use computer vision technology to verify credentials issued by over 200 countries in real time web and mobile transactions. 

Sanction / PEP check  

To comply with relevant KYC / AML rules, all Equiten Cardholders underwent standard Sanction / PEP checks in partnership with Thomson Reuters World-Check 

Thomson Reuters World-Check risk intelligence data accessible using custom made filtering platforms, APIs, and selected partner software. WorldCheck data supports our clients' due diligence obligations in combating financial crime, bribery, corruption, human rights crimes and environmental crimes. 

World-Check appreciates data protection and privacy implications in providing this database and has a robust data protection process. 

P2P Transfer between users of Equiten 

Proprietary Application  . Equiten Application Users will have the ability to send currency (both crypto and fiat) to each other for free and in real time with funds available to direct recipients and accessible by their Equiten Card at ATM & POS globally

Interbank Exchange Rate, Settlement Physical & Hedging  

Proprietary. To offer all customers Equiten the perfect interbank exchange rate without losing large sums of money, we connect with 8 of the top 10 banks by volume of foreign exchange, giving us access to low liquidity and spreads. Our backend handles the settlement and uses its own algorithmic currency hedging strategy. 

Cross Boundary 

Equiten Transfers platform  partners with multiple parties to empower cross-border transfer capabilities using existing banking rails. In this arrangement, funds are sent locally, avoiding cross-border fees. We are looking to deploy a blockchain based solution at a later stage. 

Top-up Channels

Customers will be allowed to recharge their Equiten Card with Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Tether, Monero, NEO, DASH or Cardano. 

Apple Pay & Android Pay Functionality  

Customers will be able to link their cards to Apple Pay, Samsung Pay and Android Pay in Q1 2019  

Physical Card Production & 

Equity Card Supply Management  will be produced by Gemalto, one of the market leaders with EUR 3.1b in Revenue 2016 and 15,000 employees in 48 countries  Direct  Fodder

Rates  API  Interbank direct exchange rate  API Feed  from one of the industry's gold standards - MorningStar. Card Security Management

Industry-leading card security features are available from Equiten Apps - including card blocking, blocking, geographic security settings, online shopping capabilities, and more. 

Companion Card Management  

The ability to issue a companion card with the ability to manage expenditures limits  basic 

MARKET  

, there are two broad groups of customers for whom Equiten Card has been built  

Cryptocurrency holders, who want to spend the globe in the most convenient and efficient way 

Fiat-only customers, are spending in foreign currency and are now facing excessive rates of fees imposed by banks While the source of funding for Equiten Card will differ for both groups of customers, their use cases mostly overlap and include:  

Outbound IPK International travel expenses 

reported that the world travel market turnover for the full year 2016 exceeded the $ 2 trillion figure for the first time, which is an increase of about 7 to 8% compared to 2015. The outlook for travel in 2017 is very positive, according to the International GPA. Consultants estimate the increase in outbound travel around the world between 4 and 5%. IPK International sees very strong growth for trips out of Asia, with a 6% increase. China's outbound tours are a great opportunity. Over 70% of cross-border travel is made to Hong Kong and Macau, according to World Travel Monitor. The trip out of China amounts to about 39 million by 2015, excluding trips to Hong Kong and Macao. For Chinese tourists holding digital currencies, Equiten Applications can be an important tool. 

Remitted money transfer (send money to home country)  

Remittances - simple enough - money transfer made by a foreign worker back to an individual in his home country. However, typical international money transfers require much communication between individuals at both ends. They must calculate the exchange rate, synchronize the amount, collect the personal details, approve the transfer method, and then confirm when the cash has been sent and received. Worldwide, 230 million people send $ 500 billion in remittances annually, primarily using companies such as Western Union, Moneygram, and RIA. India, China and the Philippines are the top three countries that receive the most money through remittances. 

In terms of the continent, Asia is the biggest recipient so far - by 2016, migrants from China and India send home a staggering $ 180 billion. year, primarily using companies such as Western Union, Moneygram, and RIA. India, China and the Philippines are the top three countries that receive the most money through remittances. In terms of the continent, Asia is the biggest recipient so far - by 2016, migrants from China and India send home a staggering $ 180 billion. 

Cross-border online spending in foreign currency 

B2C's cross-border global e-commerce market will swell to $ 1 trillion by 2020 from $ 230 billion in 2014, according to a report from global consulting firm Accenture and AliResearch, Alibaba Group's research group. In the report, researchers estimate that an increasingly popular form of online shopping - involving consumers using the internet to buy products directly from overseas retailers - will experience a combined annual growth of 27.4 percent per year. By 2020, more than 900 million people worldwide will be international online shoppers, the report said, with their purchases accounting for nearly 30 percent of all global B2C transactions. 

China will become B2C's largest cross-border market by 2020, with the volume of transactions of imported goods purchased online at $ 245 billion, according to Accenture-AliResearch. The report predicts more than 200 million Chinese consumers will cross-border spending by 2020. 

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