Bitcoin Bank NextBank Halts Crowdfunding, Receives 2.35 Million USD Total

Place/Date: - November 24th, 2015 at 11:55 pm UTC · 2 min read
Source: NextBank

All those that have contributed small amounts to the $2.35 million fund will be minority shareholders or will be refunded in full. The vast majority of the fund comes from private angel investors.

The world’s first Bitcoin bank NextBank has confirmed that they have received $1.4 million in funding for 4% of the company from 2 venture capitalists from Europe this week. NextBank has previously received $0.95 million in private VC investment bringing the total investment capital to 2.35 million USD.

NextBank has now stopped the public crowdfunding process. Company is thankful to all private investors, and those who have already invested small amounts will still be minority shareholders or may choose to have their investment refunded in full. Bank will continue funding through venture capitalist avenues in order to ease the concerns of the public.

NextBank’s main goal is still to provide advanced banking services for Bitcoin and cryptocurrency clients around the world. NextBank accounts will be able to support 75+ currencies and precious metals. The modern Bitcoin bank will also offer global Debit Cards, accounts denominated in both fiat such as USD and various cryptocurrencies, SWIFT transfers, an escrow service, currency exchange, and much more.

NextBank has confidence in an extraordinary future for Blockchain innovation and will contribute in the merge between cryptocurrencies and traditional banking. The platform has stated that they are against 3-5% charges for currency conversion and that their rates will be up to 15 times less. NextBank will be operational in 2016 and offer cryptocurrency clients worldwide their services.

Organization will be glad to help customers in 25+ languages, ease global cooperation and encourage international clients to use the modern banking system. NextBank is working for the needs of 21st Century clients and will establish offices in the UK, France, Germany, Spain, China, Malaysia and Russia during 2017.

NextBank is still going full speed ahead towards the launch in 2016 with the goal to revolutionize banking offering a worldwide banking service fully integrating Bitcoin.

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