iBAN

iBAN relies on peer-to-peer (P2P) technology, and as such, it is decentralized in nature. In other words, no central bank or government regulates or backs it. Buyers transfer funds directly to sellers, without a third party to process payments. iBAN will cut out the middleman in a transaction. Rather than store your money somewhere where you’re dependent on an organization to safeguard it, you hold on to it through an encryption only you have a key to. As we hear more stories of data breaches and hackers becoming more sophisticated, cryptocurrencies sound more appealing to consumers looking for a safer way to do business.