Create Your Own Crypto Bank To Overcome The Shortcomings of The Traditional Banking System

When we hear the word ‘Bank’, we only connect it with the fiat currency. With changing times, when digital money is much in vogue, we will soon become habitual with the concept of crypto banks. Many big businesses are already heading forward to buy crypto friendly banking solution from technology service providers. It’s not too complex or expensive to create your own crypto bank with exclusive features. All you need to do is to rely on a company that specializes in developing payment gateway for cryptocurrency transactions. 

As we are discussing crypto banking solutions, it would be necessary to understand that crypto-friendly banks and crypto banks are two different concepts. 

Let’s understand!

Crypto-friendly Bank Vs Crypto Bank

Why should you buy crypto friendly banking solution?

Crypto banks works almost in the same manner as the traditional banks does. However, they also enable the users to buy and sell crypto assets and not merely to hold them in their accounts. You may create your own crypto bank to enable the facilities like making deposit & withdrawal, lending & borrowing, and saving & investment. Crypto banks would issue prepaid debit card and let the user withdraw the digital money from the linked crypto wallet. 

Nowadays, crypto banks have legal identity which makes it easier to create trusted environment. In some countries like Germany, people prefer to use decentralized platform for sending and receiving money. Thus, the businesses intend to buy crypto friendly banking solution that can receive the maximum support from people from diverse regions. 

The famous crypto banks like Bitwala follows the regulations by Federal Financial Supervisory Authority of Germany, and has an insurance of about $113,000 (100,000 Euros), just like the other banks in Germany. 

What Can Anyone Do With The Crypto Asset?

Unlike the traditional banks that allows financial activities with fiat currencies, if you create your own crypto bank you can allow the users to try innovative ways of making investments that may include:

• Making Purchases: A crypto bank can issue a debit card that can be used for making purchases. 
• Get Cryptobacked Loans: Any can get a loan against the crypto assets he has in his possession. 
• Passive Income: There are some platforms that allows the crypto holders to get interest for staking or swapping. 
• Cashback & Rewards: Some crypto banks provide cashback offers or rewards for using the bank’s card for buying services and commodities. 
• Invest In Retirement Plans: It is possible to invest crypto in retirement plans. 

Get Ready To Buy Crypto Friendly Banking Solution For Amazing Benefits

You may either become a bank customer or create your own crypto bank to experience these amazing benefits:

Crypto Bank provides banking solutions to the unbanked people. It means that you might not be having an account in a traditional bank, but you can still deposit, save, withdraw, and invest cryptocurrencies safely. 

• A crypto bank can be operated through a desktop or mobile application. 
• The assets stored in crypto banks are shielded with blockchain’s tight security.
• It can handle high volumes of transitions without any need of auditing. The reason being that each transaction is recorded automatically in real-time in a distributed leader. 
• The crypto bank has limitless storage capability, as the blockchain network is scalable in nature.   
• Crypto banking is safe as it abides by statutory and regulatory principles. 
• There are multiple types of future proof financial services that helps to have greater profits. 
• Crypto banks keeps your funds safe and ensures complete transparency.
• Your privacy will be protected by all means. 
• A crypto bank would help make low-cost foriegn transactions. 

Wrapping Words

As the blockchain offers endless benefits, many enterprises prefer to buy crypto friendly banking solution as it would help their customers to get maximum profits for investing in crypto money. It would also end the clumsy and time-consuming process of transactions as there is no involvement of any third party intermediaries. 

Antier, a blockchain champion can help you to create your own crypto bank and let the others experience the advantages too. You may reach the Antier team anytime you want.