The newage bank is no bank or company. It is free of cost self-adjusting community, which has been built to help participants ideologically. One can join the community to enhance their ideology related o finance and the participants can help each other to do so. The Newage Bank is a Ponzi scheme, which is neither a legal and sustainable scheme. It is an investment scheme where the initial or earlier investors are provided financial assistance by the funds invested by new investors.
The main mission of the community is to help, assist and support people worldwide. It is especially helpful for people who are in the low-income category. Newage aims at supporting numerous non-profit organizations and agencies and community centers across the world. Newage believes that it is not possible that every person can be in a good financial position, but everyone has the right to enjoy a bit of financial security in their lifestyle; therefore the Newage community supports and assists people when they help in this context.
The main features which make this scheme popular are:
- The process is highly private; payments are kept private so that no one can track them.
- Payments can be received instantly and directly by the other party.
- The process is highly secure as it follows a two-tier security network.
- The fees levied are low as compared to other banks.
- It runs under a decentralized network and does not allow any centralized third party’s involvement.
- It has a network which can be used worldwide. One can send money anywhere in the world easily.
It is one of the best in relation to Bitcoin Banks. It is responsible for creating new principles and standards of earning and investment. The clients of the Bank are provided with credit lines in context to BTC currency; which opens new avenues and opportunities for earning on the basis of credits. Clients get the chance to buy purchase cards with secure Bitcoin transactions. By doing so the bank provides its clients a good percentage, which facilitates further growth and development and also enhances the level of benefits from the funds.
The overall working of Newage Bank is similar to any commercial or non-government bank. The method of functioning is same as other banks. The bank uses the funds invested by its customers or clients to initiate or finance numerous credit lines. For this, the bank pays its clients with a good percentage of interest, and the bank on the other side receives good interest on the credit lines. This is how both the bank and its customers flourish.
The Newage bank establishes and opens avenues for a new, easy and direct way of investment and earnings for its clients. One can invest in this bank from anywhere in the world. It not only provides a good opportunity for investment and earning but also supports and assists people on how to utilize their funds in a smart and secure way.