bitcoin friendly bank

Bitcoin, being the first decentralized digital currency as well as the payment system, has trully revolutionized the way people operate their finances. Being created in far 2009, this token has risen in value from mere $0.03 to more than $19000 per one. 

The number of cryptocurrency enthusiasts increases rapidly, and, needless to say, all they want to manage their funds in a secure, trusted bitcoin-friendly banking  environment. This makes the topic of bitcoin-friendly banking services kind of a corner-stone today.

Fortunately, advances in the world of fintech have produced a number of banking projects that are working toward providing crypto-friendly services for the entire community. Such projects include, but not limited to: Fidor Bank, a digital bank based in Germany, which promises to enable users to transfer money via email or mobile phone, providing a host for such banking options as saving bonds and crowdfunding investments; Bankera, UK based Bitcoin exchange, which is aiming to build a fully comprehensive digital bank providing payment accounts with personal IBAN, debit cards, interbank foreign exchange rates and payment processing; Monaize, a mobile e-banking platform, that seeks to cater to freelancers, entrepreneurs, and small enterprises in France and the UK by providing various needed business facilities; and others.

It should be noted, that despite Bitcoin’s rising popularity and ever increasing adoption, quite a large number of institutional banks (as well as governments as a whole) refuse to operate it. There might be several reasons for this. First, it is extremely volatile nature of the cryptocurrency, of course. Then, the fact that Bitcoin is considered by many to be a bubble, which will definitely burst in the near future. Security and scalability-connected issues also have great impact on the banks’ vision of Bitcoin’s adoption reasonability.

No doubt, successful transition from fiat currencies to cryptos will take time as it requires entirely new banking infrastructure, but even today we can surely state, that Bitcoin is here to stay, and those, who want to remain high, will need to adapt. 

Crypto Startup Circle in Talks With U.S. to Become Federally Licensed Bank
June 6th, 2018

One of the most valuable cryptocurrency platforms is ready to become a ‘Guinea Pig’ for the U.S. regulators and break the ice between it and the crypto sphere.

Metropolitan Bank Halts International Cryptocurrency-Related Wire Transfers
January 15th, 2018

The atmosphere within crypto community is heating up following the cumbersome news regarding Metropolitan Bank neglects crypto payments.

Chinese Central Bank Wants to Regulate the Power Usage of Bitcoin Miners
January 4th, 2018

The Chinese central bank is planning to limit the mining business by imposing restrictions on the electricity usage by miners.

Wall Street Banking Giant Goldman Sachs to Launch Cryptocurrency Trading Desk Next Year
December 22nd, 2017

Goldman Sachs will be the first Wall Street giant to get involved with the cryptocurrency-related trading activity.

Chronobank Partnering in Estonia’s Crypto Asset  Market
December 19th, 2017

The Australian fin-tech platform Chronobank is partnering in the Republic of Estonia’s effort to build a crypto assets market.

World’s First Bitcoin Bank NextBank Receives $950K Investment and Opens for Early Registrations
November 11th, 2015

The world’s first truly international Bitcoin bank NextBank is preparing to launch during 2016 after successfully raising 950 000 USD seed investment capital. NextBank is now taking early registrations.

NextBank, the World’s First Bitcoin Friendly Bank, Announces Upcoming Launch
October 26th, 2015

NextBank is planning to launch a new bitcoin banking platform that will make it easier for bitcoin community to use financial services worldwide.

World’s First Bitcoin Friendly Bank NextBank Announces Upcoming Launch Establishes ‘NB Formation Company’
October 26th, 2015

NextBank’s mission is to provide advanced banking services for Bitcoin and cryptocurrency users worldwide. NextBank will offer international Debit Cards, accounts denominated in both fiat such as USD and various cryptocurrencies, SWIFT transfers, an escrow service, currency exchange, and much more.