Banking

Bankera releases details of its blockchain-based banking solution pre-ICO

(c)iStock.com/Warchi

Bankera, a provider of a new blockchain-based banking solution, has released some company details in preparation for its initial coin offering (ICO).

The company – an operational fork of SpectroCoin, a cryptocurrency exchange, e-wallet, debit card, and payment processor – has developed the solution to offer innovative banking solutions, which will also help reduce the number of counterparties, resulting in lowering the cost of banking for the end consumer.

Introduced in early 2017, Bankera acts similar to regular banks. It offers its customers payment accounts with personal IBANs, interbank foreign exchange rates, debit cards, and payment processing solutions. Moreover, all these services will support fiat currencies besides digital currencies like Bitcoin, Ethereum, DASH, NEM, etc. These specialties will make Bankera the first crypto-friendly regulated banks on the market.

Moreover, Bankera will also offer instant payment settlements for businesses. It will use advanced proprietary KYC and fraud detection solutions it will collect information about the incoming payments and automatically settle transactions which otherwise could take weeks. Thanks to Bankera will offer low-cost investment products such as equity traded funds and crypto-funds denominated in “baskets”, to consumers who do not invest their money adequately to keep up with inflation.

Additionally, KyberNetwork will be closing its ICO whitelist registration three days earlier than planned due to the ‘massive’ number of registrations. It was since 16 August 2017, when the company announced that the eligible users can be whitelisted – guaranteeing them the opportunity to buy tokens in public sale, by joining its official KyberNetwork Slack community. Since then, the community has grown to over 26,000 users, making it one of the largest crypto Slack communities.

Another ICO, for Filecoin, has set a record in Accredited-Only Sale, by raising nearly $199 million till date. When coupled with the $52 million in venture capital investments, Filecoin’s fundraising totals to a record-setting $251 million and year-to-date ICO investments ever closer to $2 billion.

1 Comment

1 Comment

  1. ProButterfly

    August 27, 2017 at 9:48 am

    Here is a 3rd party post regarding Bankera’s ICO: https://www.probutterfly.com/blog/banking-for-the-blockchain-era

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