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
This time, I will explain about “Payrico” established by cryptocurrency ADK in Lithuania.
myako
Thank you
neokichi
If you want to know the overall picture of the ADK project, check out the article below!
What is the cryptocurrency ADK (Aidos Kuneen)? Complete explanation thoroughly!This article translated what I wrote in japanese into English. Altho...
Contents
What is Payrico founded by the founder of cryptocurrency ADK?
neokichi
Payrico, founded by ADK in Lithuania, is an online bank.
myako
What is an online bank? What is different from a bank?
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.
Eligable Countries for Payrico Personal and Business accounts. #Payricoiscoming
( ineligible in red ) pic.twitter.com/5RtS3K7npe
— payrico (@PayricoCom) August 5, 2020
myako
People from most countries can open an account online ♪
Basic information about Payrico
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 ♪
| Official website | https://payrico.com/ |
|---|---|
| https://twitter.com/PayricoCom |
About Payrico fees
myako
I will explain the account opening fee and maintenance fee because they were posted on Payrico’s official website.
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.
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
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
Yup, if Peirico goes live, it means that people who create business accounts will be better off paying with ADK ♪
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 ♪
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
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.
myako
Even if you pay in euro instead of paying ADK, the management side will buy ADK in the end ♪
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 ♪
Why are Payrico's expectations so high?
Suppose there are 5 million registrations from outside the EU.
Initially, there is no fee for opening an account, but there is an income of €300,000,000 per year from account maintenance fees alone. pic.twitter.com/XfuaXzOXmI— YOSHI【ADK】ₑₓₚₑcₜ cₕₐₒₛ (@YoshiADK) January 15, 2021
Will offer a 10% interest rate
neokichi
It is planned that if you deposit in Euro in your Payrico account, you will get a 10% interest rate.
myako
That’s amazing ♪
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.
Also supports issuance of debit cards
neokichi
Payrico will also support the issuance of debit cards ♪
EU Based banking with Dedicated IBAN , Debit card , crypto frindly and with remote opening option. #payricoiscoming
— payrico (@PayricoCom) July 29, 2020
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
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
The image below is Payrico’s information on the website of the financial regulator in Estonia ♪
when finally approved, we will be listed here
neokichi
Information on Payrico was posted on the website of the Central Bank of the Netherlands ♪
We are glad to announce that Payrico information is now also updated on The Dutch Centeral bank website.https://t.co/LLXj598WFN pic.twitter.com/lBuouc5y22
— payrico (@PayricoCom) January 12, 2021
Finally
neokichi
This time, I introduced Payrico, which was established by ADK.
myako
By the way, when will Payrico go Operation?
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
I’ll be looking forward to it ♪
neokichi
If you would like to know more about ADK, Come and Join us on Telegram!
