Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
In an increasingly digital world, where cryptocurrencies and decentralization are altering the finance landscape, a new player has emerged, swiftly bridging the gap between centralized finance (CeFi), decentralized finance (DeFi), and traditional banking. The innovative platform in question is blockbank, a transformative financial entity redefining the banking industry.
At its core, blockbank provides a multifaceted service, incorporating a custodial wallet, a private non-custodial wallet, a bank account, and a Visa debit card. It has set out to create a banking experience that combines the flexibility and adaptability of CeFi and DeFi with the trustworthiness and convenience of traditional banking.
An All-in-One Solution
Blockbank’s custodial wallet provides users with the ability to deposit both fiat and crypto, further enabling the trading of these assets. It's more than just a wallet; it's a high-yielding savings account with the potential to deliver up to an impressive 15% annual percentage yield (APY) when users lock their assets. But how does blockbank maintain its credibility and trust with such lucrative offers? The answer lies in its partnership with Blockdaemon, B2C2, Fireblocks and other trusted partners in the industry.
Fireblocks, a leader in digital asset custody, provides top-tier service and security for blockbank users’ assets. Furthermore, these assets are also insured, instilling additional confidence in the platform's ability to protect users' funds.
The Power of Non-Custodial Wallets
In line with the growing interest in decentralized assets, blockbank’s non-custodial wallet ensures users retain control over their assets. Users hold their private key, signifying full custody of their crypto assets. This non-custodial approach not only provides access to various dApps and web3 protocols but also facilitates token swaps through a built-in feature. This wallet is a testament to blockbank's commitment to decentralized finance and individual control.
Revolutionizing Traditional Banking
In a bid to incorporate the convenience of traditional banking, blockbank provides its users with a dedicated bank account and a Visa debit card. This card isn't just another payment method; it's a reward system. With up to 8% cashback rewards on usage, blockbank's Visa debit card offers the highest return in the industry.
Access Anytime, Anywhere
To ensure seamless user interaction, blockbank also provides a web app that allows users to access both their custodial (CeFi) and bank accounts at their convenience. The world of finance is just a click away.
A Visionary Leadership
At the helm of blockbank is its CEO and co-founder, Anastasija Plotnikova, a seasoned industry professional with a diverse background. As a former Legal Advisor at the European Union Agency for Criminal Justice Cooperation and instrumental in drafting Lithuanian crypto regulations, Plotnikova brings an unparalleled level of expertise to blockbank. Not to mention, she was part of the original Ethlend/Aave team, one of the pioneers in the DeFi space.
In summary, blockbank is quickly establishing itself as a one-stop solution, marrying the best aspects of traditional banking, CeFi, and DeFi. It is redefining the banking sector, and its rise signifies a transformative shift in how individuals and businesses interact with the financial world.
An Underdog's 5000% Leap!
In comparison to competitors like Nexo, Crypto.com, and Swissborg, with respective market caps of $380,340,000, $1,505,700,000, and $122,000,000, Blockbank's current market cap of $800,000 positions it as significantly undervalued.
However, this low market cap, coupled with Blockbank's upcoming strategic developments - including the release of crypto cards, expansion into Asian markets, and the launch of a lending and borrowing platform - suggest a strong potential for growth.
With the predicted 5000% price surge, blockbank's market cap would skyrocket to a staggering $40,000,000. This substantial increase could bring blockbank closer to its competitors and underscores the potential investment opportunity this represents for those who recognize its value at this early stage.
Download the blockbank mobile app or access the blockbank application directly from your browser. Get your KYCs done and start trading like a boss!
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.