The BF Coin will be the medium of all transactions in the BFC ecosystem.
The BFC will build a process that goes beyond Bitcoin and Ethereum, where both currency and cryptocurrency can be exchanged. In consideration of the versatility, BFC will develop based on ERC-20 to apply smart contracts to virtual asset financial products.
BFC issued by Banaba bank is using as a means of payment and reward. BFC can use for payment such as withdrawal, transfer, and transfer remittance when using Banaba Bank's financial services.
Besides, loan payments and card fee payments are also available. BFC is a means of reward for financial transactions and various actions of customers within Banaba Bank's ecosystem, and the rewards will be paid in the form of airdrops and points. Moreover, BFC's virtual asset system consists of 'BANABA Pay' and 'BANABA Wallet'.
BANABA Pay allows payment through various methods and supports a global payment system in two ways: An application for smartphones and an online web. Users can select a payment method, such as QR code scanning, crypto payments (BTC, ETH) other than BFC.
Users can link their BANABA Pay with Banaba bank accounts after simple membership registration. Also, BFC is trying to expand the usage of virtual assets in real life through agreements with various social networks.
BANABA Smart Wallet is a multi-electronic wallet that allows users to store and exchange BFC and other virtual assets.
The wallet will enhance its security by applying private keys and ID/PW complex authentication. It also supports private-key backup at the user's choice in case the private key is lost.
Moreover, it provides a stability system that applies the separate security code when transferring cryptos and allows you to track the hardware wallet balance and transaction records.
The main functions of BANABA Smart Wallet are as follows :
· Cryptocurrency Portfolio Management : Visualization of my assets with pie charts, providing real-time market price
· DApp Service : Use of blockchain services such as Defi, staking, and games through the DApp browser in the application
· Hardware Wallet Management : Use hardware wallet in conjunction with Descent Cold Wallet
· Software Wallet : Wallet service is available without a hardware wallet
· Simple Address : Send and receive cryptocurrencies with a simple address such as website addresses instead of complicated cryptocurrency addresses through ENS (Ethereum Name Service) or RNS (RIF Name Service).