German Bank Offers Special Accounts to Cryptocurrency Firms

German Bank Offers Special Accounts to Cryptocurrency Firms
ôîòî ïîêàçàíî ñ : news.bitcoin.com

2018-7-9 06:15

The Berlin-based Banking-as-a-Platform (BaaP) institution Solarisbank has recently announced the launch of their new banking service plan that’s focused on clients from the blockchain and digital currency industry. The newly featured resource called the ‘Blockchain Factory,’ will offer financial management services to companies whose business operations deal directly and indirectly with cryptocurrency solutions and blockchain technology.  

Also read: A Look at the Long and Annoying Process of Claiming Bitcoin Forks

This German Bank Plans to Provide Special Bank Accounts for Cryptocurrency and Blockchain Companies

Over the past few years as cryptocurrencies have gained in popularity a few companies like exchanges and brokerage services that deal with digital currencies have had issues with their banking providers. Banks and other financial management services have ceased their partnerships with cryptocurrency firms and have closed business accounts making it very difficult for blockchain companies to establish reliable banking partners. Now the German financial tech company, Solarisbank, plans to offer a service called the ‘Blockchain Factory.’ Companies who deal with cryptocurrencies will now have a solid banking colleague who understands the technology.

“The Blockchain Factory will be used by Solarisbank to offer banking services to companies whose business is directly or indirectly based on cryptocurrencies and blockchain technology — One example of these services is the ‘Blockchain Company Account’ for the banking business of blockchain companies,” Solarisbank explains.   

Furthermore, services for global cryptocurrency marketplaces will be made available to make it easier to buy and sell fiat currencies; such as the Solarisbank ‘Automated Trust Account’, an automated escrow account for cryptocurrency marketplaces.   

High Demand from the Blockchain World for a Licensed Banking Partner

Solarisbank has done well since the bank’s inception in March of 2016, and entered a strategic partnership with Mastercard the following October with plans to build new banking modules. Last March, Solarisbank raised $70Mn USD in a Series B funding round from firms such as ABN Amro, SBI Group, Visa, BBVA, and Lakestar.  

“There is high demand from the blockchain world for a licensed partner that forms the technological and regulatory bridge to traditional banking — as a technology company with a banking license, we are the natural partner,” Roland Folz, the CEO of Solarisbank details.

A Hybrid Future

The financial tech company has started its first partnership with another firm called VPE Bank and the two have plans to provide cryptocurrencies to institutional traders. Moreover, the firm will establish partnerships with cryptocurrency companies that deal with banking and debit cards within their business model.

“The fiat world is not about to dissolve. We are moving towards a hybrid future, in which the blockchain world still has to prove itself,” the CTO of Solarisbank, Peter Grosskopf explains.

However, we see the disruptive power of these business models and we want to help shape the future of this industry. 

What do you think about Solarisbank’s new Blockchain Factory banking services? Do you think companies who deal with cryptocurrencies need better banking providers? Let us know your thoughts on this subject in the comment section below.

Images via Shutterstock, and Solarisbank. 

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. Need to calculate your bitcoin holdings? Check our tools section.

The post German Bank Offers Special Accounts to Cryptocurrency Firms appeared first on Bitcoin News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0025406 (-100%)

cryptocurrency blockchain german accounts bank firms special

cryptocurrency blockchain → Ðåçóëüòàòîâ: 126


Blockchain and Cryptocurrency Legal ‘Disrupting the Disruptors: 2018 – The Year in Review’

Although 2018 did not see a recovery of pricing for cryptocurrency (after the sharp decrease in 2017), it could be considered the year of transformation for the blockchain industry as a whole. The market was emboldened with technological advancements in everything from platform functionality, scalability and security, and smart contracts. This lead to regulators beginning […]

2019-3-23 14:38


Ôîòî:

Pending Cryptocurrency Legislation List Highlights High-Impact Areas

With the advent of blockchain and cryptocurrencies disrupting our financial systems, regulators are forced to investigate the utility of this technology and propose new rules to ensure that citizens are able to receive the maximum benefit from using decentralized digital assets while minimizing any of its potentially harmful effects.

2019-3-4 19:00


TNW Answers’ best cryptocurrency and blockchain insights from 2018

Blockchain is brand new technology. Not only is it mostly untested, but the implications and use-cases of distributed ledger technology still aren’t fully realized, let alone understood. With our regular TNW Answers sessions, we’ve given leaders and disruptors of decentralized tech a platform to discuss and explore the bleeding-edge of the industry.

2019-1-3 15:00


Bitcoin, Blockchain and Cryptocurrency News For Today November 2 [VIDEO]

Google Search Trends Show ‘Blockchain' is Gaining on ‘Cryptocurrency' Popularity Google Search Trends Show ‘Blockchain' is Gaining on ‘Cryptocurrency' Popularity Binance Uganda Exchange's Opening Week Sees Over 40,000 Crypto Users Register Binance Uganda Exchange's Opening Week Sees Over 40,000 Crypto Users Register John McAfee 2020 Presidential Run Will Primarily Happen to Promote Bitcoin and Cryptocurrency […]

2018-11-3 01:07


Google Trends: áëîê÷åéí ñòàëè èñêàòü ÷àùå, ÷åì êðèïòîâàëþòû

Ñîãëàñíî äàííûì Google Trends, ñ ñåíòÿáðÿ êîëè÷åñòâî ïîèñêîâûõ çàïðîñîâ ïî ñëîâó «Blockchain» óâåëè÷èëîñü ïî ñðàâíåíèþ ñ çàïðîñàìè «Cryptocurrency». Îá ýòîì ïèøåò The Next Web. Âïåðâûå «Blockchain» îáîãíàë «Cryptocurrency» ïî êîëè÷åñòâó çàïðîñîâ â èþëå.

2018-11-2 16:05


Ôîòî:

Success of a Cryptocurrency Is a Pipe Dream Without Good Governance: Blockchain Researchers

Good governance is key for any cryptocurrency to succeed in the long run, says a new study that delves into the intricacies of unavoidable software changes within cryptocurrency networks. The study implies that it is a collective responsibility of the community as much as it is of the blockchain’s lead developers to ensure that the […] Success of a Cryptocurrency Is a Pipe Dream Without Good Governance: Blockchain Researchers was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-9-15 16:59


Leading Payments Solution Provider UTRUST Announces Implementation with Global Blockchain DigiByte

Bitcoin Press Release: Leading payments solution platform UTRUST has announced a technology integration with the most secure, most decentralized, scalable and fastest Blockchain: DigiByte. July 8th, 2018, Zug –  The integration between UTRUST and DigiByte offers users a secure payments solution through which they can safely use multiple cryptocurrencies.

2018-7-8 19:50


Ôîòî:

In profile — The Top 10 VC firms investing in blockchain

According to Crypto Fund Research, these are the 10 most important and influential venture capital companies investing in blockchain and cryptocurrency companies — ranked according to four key criteria: value of total blockchain investments, total number of blockchain investments, length of blockchain investment experience, and level of investment activity in the last 12 months

2018-7-8 18:01


Ôîòî:

Malta Positions Itself As ‘World’s Blockchain Island’ After Passing World’s First DLT Law

Malta might be a tiny archipelago on the Mediterranean map, but the nation is making a big name for itself in the world of cryptocurrency. Aside from successfully luring in the biggest crypto exchanges, Malta recently made history by passing “a true World First DLT Law,” cementing the nation’s position as the “world’s first blockchain […] Malta Positions Itself As ‘World’s Blockchain Island’ After Passing World’s First DLT Law was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-7 20:54


Ôîòî:

‘Why Don’t You Adopt It?’ Andreas Antonopoulos Advocates Decentralized P2P Commerce

Andreas Antonopoulos thinks it is not important whether retail giants such as Amazon adopt Blockchain, instead urging consumers to adopt it themselves. ‘Person-to-corporation-to-corporation-to-Visa-to-investment bank-to-MasterCard-to-corporation-to-JPMorgan Chase-to-corporation-to-person’ Speaking as part of a Q&A session during an appearance at the WeAreDevelopers World Congress in Vienna in May, the celebrated cryptocurrency educator said that commerce “has always been local” and decentralized technologies made it possible for it to become even more so.

2018-7-7 23:00