ADK news

Introducing Payrico, an online bank established by the Crypto currency ADK

Introducing-Payrico

This article translated what I wrote in japanese into English. Although it may be unclear by the expression of English, if you read this article you can grasp the image of ADK(Aidos Kuneen)

neokichi
neokichi
This time, I will explain about “Payrico” established by cryptocurrency ADK in Lithuania.
myako
myako
Thank you
neokichi
neokichi
If you want to know the overall picture of the ADK project, check out the article below!
ADK's-characteristics-and-future-potential
What is the cryptocurrency ADK (Aidos Kuneen)? Complete explanation thoroughly!This article translated what I wrote in japanese into English. Altho...

What is Payrico founded by the founder of cryptocurrency ADK?

neokichi
neokichi
Payrico, founded by ADK in Lithuania, is an online bank.
myako
myako
What is an online bank? What is different from a bank?
neokichi
neokichi
It’s a bank where you can open an account online. Payrico, founded by ADK, will be able to open accounts online from countries around the world except some countries such as North Korea. The tweets below are a list of countries that support Payrico.

myako
myako
People from most countries can open an account online ♪

Basic information about Payrico

neokichi
neokichi
Payrico is still in preparation.It is possible to open accounts from countries all over the world, and Payrico, which supports Crypto currencies, will be the world’s first service once it starts operating ♪
payriko
Official websitehttps://payrico.com/
Twitterhttps://twitter.com/PayricoCom

About Payrico fees

myako
myako
I will explain the account opening fee and maintenance fee because they were posted on Payrico’s official website.
personal
neokichi
neokichi
It’s free for individuals to open an account ♪ Also, for those living outside the EU, the account maintenance fee is 5 € per month.
business
neokichi
neokichi
The business account fees are as follows.
Within the EU
  • Account opening fee: 400 € or 10 ADK payment
  • Account maintenance fee: 20 € per month
Outside the EU
  • Account opening fee: 800 € or 20 ADK payment
  • Account maintenance fee: 200 € per month
neokichi
neokichi
If you are outside the EU, the account opening fee is 800 €, but if you pay with ADK, it is 20 ADK. Since the price of ADK fluctuates, it means that it is better to pay with ADK up to 1ADK = 40 €.
myako
myako
Yup, if Peirico goes live, it means that people who create business accounts will be better off paying with ADK ♪
neokichi
neokichi
That will be the case until 1ADK = 40 €! And since the ADK paid by the account opening fee is collected by the operation, the number of ADKs in the market will decrease and the value of the ADK will increase ♪
ADK-on-the-market Reduce-the-number-of-ADKs-in-the-market
myako
myako
It means that the value will increase as the distribution volume of ADK decreases ♪ But, isn’t it only people who are familiar with cryptocurrencies who choose to pay with ADK? And if 1ADK = 40 € or more, I think you will pay the account opening fee in euros …
neokichi
neokichi
Part of Payrico’s revenue will go to the purchase of ADK. In other words, even if you pay the account opening fee in euro, it will lead to the buying pressure of ADK. Here’s what ADK founder Don and Payrico director Andrius said.
buy-ADK adk
myako
myako
Even if you pay in euro instead of paying ADK, the management side will buy ADK in the end ♪
neokichi
neokichi
Yeah! Since part of Payrico’s revenue also flows to ADK, not only the account opening fee but also part of the revenue such as the account maintenance fee will be used to purchase ADK. I will introduce Yoshi’s thought tweet ♪

Will offer a 10% interest rate

neokichi
neokichi
It is planned that if you deposit in Euro in your Payrico account, you will get a 10% interest rate.
myako
myako
That’s amazing ♪
neokichi
neokichi
ADK founder Don said that the interest rate of 10% is within half a year of operation, but I don’t know when it will be.
10%

Also supports issuance of debit cards

neokichi
neokichi
Payrico will also support the issuance of debit cards ♪

myako
myako
Does that mean that if you open an account with Payrico and make a deposit, you will be able to shop with your debit card?
neokichi
neokichi
That’s right! There is also a deposit method using ADK, but by sending ADK to the exchange called Bitlocus, which is a partner of Payrico, and selling it, it will be possible to deposit in Euro to Payrico’s account.

Payrico posted on the website of financial regulators in Estonia and the Netherlands

neokichi
neokichi
The image below is Payrico’s information on the website of the financial regulator in Estonia ♪
UAB payrico Estonia

when finally approved, we will be listed here

neokichi
neokichi
Information on Payrico was also posted on the Slovenian Central Bank website
Slovenian Payrico
neokichi
neokichi
Information on Payrico was posted on the website of the Central Bank of the Netherlands ♪

neokichi
neokichi
Information about Payrico has been posted on the Croatian Central Bank website
クロアチア中央銀行
neokichi
neokichi
Payrico also posted on the Hungarian National Bank website
Hungarian Payrico

Finally

neokichi
neokichi
This time, I introduced Payrico, which was established by ADK.
myako
myako
By the way, when will Payrico go Operation?
neokichi
neokichi
ADK founder Don and Payrico director Andrius say it’s just around the corner, but I don’t know when it will go Operation.
myako
myako
I’ll be looking forward to it ♪
neokichi
neokichi
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