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 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.
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:
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.
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.
