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Bankera launches new payment account to support crypto businesses

Image by Bankera

Mon, 20 Apr 2020, 00:40 am UTC

Bankera, a blockchain-based bank, is launching a payment system to support crypto businesses.

In a press release shared with Bitcoin.com, Bankera is now offering payment accounts to individual and business clients as a low-cost, fast and convenient alternative to traditional bank accounts.

Bankera made the move because it wants to focus on providing payment services to people and businesses involved in the crypto business, which it deemed to be an underserved and not so well understood niche. Bankera allows its clients to receive funds from cryptocurrency exchanges, mining pools, affiliate programs and income from their commercial online activity.

“Having started a digital business back in 2013, we have seen that payment solutions offered for new types of online business, such as cryptocurrency, affiliate or digital marketing businesses and their clients are very limited and usually offered by small niche players, who do not last long,” said Vytautas Karalevičius, the co-founder of Bankera.

“We wanted to build a payment service provider, which we, our clients and partners could trust and be sure that it is here to stay. Hence, we see Bankera as a natural growth and a vertical integration to our digital businesses, as well as an opportunity to upsell our existing clients with fiat payment options.”

Those who will sign up will enjoy dedicated European IBAN accounts and can send and receive funds via SEPA and SWIFT transfers. The account opening is very convenient as it will be processed in the comfort of your home. Everything can be done online. Since Bankera wants its clients to enjoy a seamless experience, its support agents will be available around the clock.

For its next move, Bankera will be rolling out virtual and physical debit cards that could be linked to its online banking platform. Bankera has been working on its app platform which will include payment acquiring services, multi-currency support, and instant transfers.

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