EASY ACCESS TO FUNDS

The idea of removing the middleman from financial transactions and the ideology behind that movement are all about taking back control of one’s own finances. It’s about having a connection to your securely stored funds but not having to pay a fee for that storage. The majority of most modern banks profits are made from using your money in commercial markets , loans and mortgage products. The only fee you need to pay when transacting with eGBP is a tiny amount to allow the transaction to be processed. We’re talking about pennies.

eGBP has several key benefits, and even more to be added as the project develops

BORDERLESS PAYMENTS

eGBP can be used anywhere in the world to send instant funds. The receiver will see the funds in a matter of seconds in their account. eGBP should be able to be cashed out anywhere instantly for the fiat equivalent to make it a success. As the world embraces decentralised finance and blockchain technology, we want to play a significant part in building infrastructure and services for anyone to leverage, aiming to build a more fair and inclusive financial system for the future.

DECENTRALISED FINANCE

We want to play our role in responsible decentralised finance - making the world a more equitable place for everyone.

LIQUIDITY PROVISION

By providing liquidity to exchanges, eGBP can expect to receive transaction fees when eGBP is bought or sold and liquidity pool earnings as per agreement. Bespoke contracts between exchanges and eGBP Foundation could enable a huge section of UK crypto users to deal in their native GBP. Most traders from the UK will have, many times, had to exchange an asset to USD before converting to GBP in a later trade or swap. Paying an extra transaction fee in the process. Having eGBP as a common trading pair is going to mean a lot of consumers will now only have to trade once to access fiat funds in their broker or exchange account. Marvellous!

Mobile top-up and paypoint

For those who like to use a pay-as-you-go style deal, simply adding your mobile number to your account details in the eGBP app will enable instant top-ups on any network at your desired frequency. By developing robust mobile and Web3 apps we intend to extend eGBPs scope so that wherever you are, you can access your funds. eGBP customers will be able to send their eGBP directly to their bank account by initiating a withdrawal request. This would be processed via the faster payments system in most cases. The app will display a unique payment QR code, that when presented in a local store, will allow you to top-up your utilities or make purchases using eGBP. These services would of course be specific to countries that use GBP as their currency.