Benker is to grow to be the primary formally licensed blockchain neobank launched in Europe following approval by the Financial institution of Lithuania beneath the Digital Cash Establishment (EMI) class.
Now open for pre-registration, it’s the first monetary companies supplier within the European Union to function totally on blockchain.
The neobank will run on Natrix, a purpose-built hybrid blockchain created for the monetary sector to fulfill all GDPR, financial institution secrecy and regulatory necessities. BENKER will obtain the best degree of Compliant Consumer Autonomy, the place customers have full management, autonomy and actual freedom, assuring sustainability of the market the place customers and monetary market contributors are on the identical degree.
Viktor Bodnár, CEO of BENKER, hopes that the brand new financial institution will probably be a catalyst for elementary transformation in private funds, providing prospects higher autonomy. On his imaginative and prescient for the way forward for the market, he stated: “We’re introducing a brand new model in monetary companies that may problem the established order by extending current authorized and regulatory safeguards with the superior technology-based ensures achieved by means of blockchain. In acquiring our EMI licence we now have been allowed to radically diminish shopper publicity to the actors of economic markets, and I see this as a transfer in the direction of the ‘New World Order’.”
“By including blockchain to the best way through which buyer accounts are managed securely, we’re providing fixed transparency, traceability and full management over monetary issues for our purchasers, creating the best degree of freedom. That is what we’re calling Compliant Consumer Autonomy and it’s an concept that’s on the coronary heart of BENKER.”
Following a two-year planning, growth and utility section, and now with its EMI licences receiving full approval, the neobank will provide companies for each people and SMEs, and a platform on which to purchase and promote gold.
Bodnár completed: “We’ve labored laborious to create a completely compliant and safe blockchain neobank, and I’m delighted that it’s now going reside in 2022. The result’s a system through which purchasers and repair suppliers are lastly on the identical degree, and inside all authorized and regulatory necessities. This may make managing private funds sooner or later extra environment friendly than ever.”
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