How to Launch your Crypto-Friendly Bank
If you are planning to launch a crypto bank to provide your customers with more secure, transparent, and cost-efficient finance solutions, a white label crypto bank solution will accelerate your launch journey.
A white label solution is a ready-made solution that can be easily customized as per a business’ needs and quickly launched into the market. A complete banking solution includes a full range of banking functions such as the opening of accounts, issuance of plastic cards, payments, lending, trading, user onboarding, and more.
Examples of neo banks
A neo bank is a type of direct bank that operates online without conventional physical branch networks. There are several instances across the world when the organizations recognized the potential of crypto and blockchain. Here are a few:
SEBA is a Swiss bank that has positioned itself as a financial institution of the new economy. It provides a seamless and secure bridge between digital and conventional assets.
Wirex is a borderless digital payment platform that offers crypto and fiat multi-currency accounts with a visa card. They enable their customers to buy, sell, exchange, and pay using digital currency.
Revolut enabled its customers to execute transactions using digital currencies like Bitcoin, Ethereum, and Litecoin.
Bitwala is a prominent bank of the crypto economy, making it easier for its customers to deal with digital currencies.
A few major banks that accept cryptocurrency today include Goldman Sachs (US), National Bank of Canada (Canada), and Simple Bank (US).
How exchanges are well poised to work as crypto banks
Crypto exchange platforms have plenty of cash, the trust of customers, and a robust reputation that they have built over the years. It makes them in the perfect position to expand their service line and position themselves as a bank of digital currencies.
Sure, placing the signboard of banks will draw more regulatory scrutiny. However, it will also help you to contribute more to the economy and grow in the process.
Launching an ultra-new crypto bank
Given that crypto exchanges can metamorphose as banks, it doesn’t mean you can’t start digital asset bank from scratch. Of course, you can, provided you know how to go around it and have the required funds to execute your plan. You need to have a well thought out plan of your banking model. Once you are ready with your plan, you need to hire the developers to create the structure of the bank.
How Antier Solutions can help
Antier Solutions can help start-ups, well-established organizations, and financial institutions to launch their crypto banks. We provide a white label crypto bank solution packed with all essential banking functions, including bank accounts, credit/debit cards, payments, trading, lending, and user onboarding. In addition, our finance experts can guide you on compliance and help you acquire the required licenses to start digital asset bank.
The backbone of our crypto bank solution
Intuitive front-end: Our white label crypto bank solution enables you to easily plug the banking modules into your existing infrastructure.
Secure API: Our secure API management system ensures seamless connectivity with a third party.
Banking modules: Our white label solution provides frictionless banking experience to your customers with complete banking modules like customer onboarding, customer account, trading, lending, and payments.
Schedule a free demo of our white label crypto bank solution or connect with our subject matter experts to share your business needs.