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Author Topic: [2018/07/08]German Bank Offers Special Accounts to Cryptocurrency Firms  (Read 11 times)
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July 10, 2018, 04:22:57 PM
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German Bank Plans to Provide Special Bank Accounts for Cryptocurrency and Blockchain Companies

Source: https://news.bitcoin.com/german-bank-offers-special-accounts-to-cryptocurrency-firms/
By: Jamie Redman


Over the past few years as cryptocurrencies have gained in popularity a few companies like exchanges and brokerage services that deal with digital currencies have had issues with their banking providers. Banks and other financial management services have ceased their partnerships with cryptocurrency firms and have closed business accounts making it very difficult for blockchain companies to establish reliable banking partners. Now the German financial tech company, Solarisbank, plans to offer a service called the ‘Blockchain Factory.’ Companies who deal with cryptocurrencies will now have a solid banking colleague who understands the technology.

“The Blockchain Factory will be used by Solarisbank to offer banking services to companies whose business is directly or indirectly based on cryptocurrencies and blockchain technology — One example of these services is the ‘Blockchain Company Account’ for the banking business of blockchain companies,” Solarisbank explains.  

Furthermore, services for global cryptocurrency marketplaces will be made available to make it easier to buy and sell fiat currencies; such as the Solarisbank ‘Automated Trust Account’, an automated escrow account for cryptocurrency marketplaces.

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