International transfers can be made with cryptocurrencies for very small commission.
In our system there are two kinds of transfers – simple (1 ICBC) and private (5 ICBC):
Deposit – an amount of ICB coins that is placed in the bank which gives interest.
On Gold coin deposits from 1 coin a daily*1 interest payment will be made, according to the following table:
Silver deposits from 1 coin will be paid at a yearly interest rate of 33% on a daily basis.
Silver can be bought on the domestic exchange (in the wallet) for gold (ICBC).
*1 - the year starts counting from the day that the genesis block is created in the blockchain
Loans – obtaining a specified number of coins for temporary use.
Silver coins are converted to Credit coins and added to the loan obtainer’s account through an on-site bidding process.
After the end of the loan contract ends, the amount is automatically returned to the lender.
Interest on the loan needs to be paid in advance.