THELOGICALINDIAN - The Berlinbased BankingasaPlatform BaaP academy Solarisbank has afresh appear the barrage of their new cyberbanking account plan thats focused on audience from the blockchain and agenda bill industry The anew featured ability alleged theBlockchain Factory will action banking administration casework to companies whose business operations accord anon and alongside 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 accomplished few years as cryptocurrencies accept acquired in acceptance a few companies like exchanges and allowance casework that accord with agenda currencies accept had issues with their cyberbanking providers. Banks and added cyberbanking administration casework accept ceased their partnerships with cryptocurrency firms and accept bankrupt business accounts authoritative it actual difficult for blockchain companies to authorize reliable cyberbanking partners. Now the German cyberbanking tech company, Solarisbank, affairs to action a account alleged the ‘Blockchain Factory.’ Companies who accord with cryptocurrencies will now accept a solid cyberbanking aide who understands the technology.
“The Blockchain Factory will be acclimated by Solarisbank to action cyberbanking casework to companies whose business is anon or alongside based on cryptocurrencies and blockchain technology — One archetype of these casework is the ‘Blockchain Company Account’ for the cyberbanking business of blockchain companies,” Solarisbank explains.
High Demand from the Blockchain World for a Licensed Banking Partner
Solarisbank has done able-bodied back the bank’s birth in March of 2016, and entered a cardinal affiliation with Mastercard the afterward October with affairs to body new cyberbanking modules. Last March, Solarisbank aloft $70Mn USD in a Series B allotment annular from firms such as ABN Amro, SBI Group, Visa, BBVA, and Lakestar.
“There is aerial appeal from the blockchain apple for a accountant accomplice that forms the abstruse and authoritative arch to acceptable cyberbanking — as a technology aggregation with a cyberbanking license, we are the accustomed partner,” Roland Folz, the CEO of Solarisbank details.
A Hybrid Future
The cyberbanking tech aggregation has started its aboriginal affiliation with addition close alleged VPE Bank and the two accept affairs to accommodate cryptocurrencies to institutional traders. Moreover, the close will authorize partnerships with cryptocurrency companies that accord with cyberbanking and debit cards aural their business model.
“The authorization apple is not about to dissolve. We are affective appear a amalgam future, in which the blockchain apple still has to prove itself,” the CTO of Solarisbank, Peter Grosskopf explains.
What do you anticipate about Solarisbank’s new Blockchain Factory cyberbanking services? Do you anticipate companies who accord with cryptocurrencies charge bigger cyberbanking providers? Let us apperceive your thoughts on this accountable in the animadversion area below.
Images via Shutterstock, and Solarisbank.
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