Crypto-friendly banks provide credit cards, savings accounts, and loans backed by digital assets. Their high yields attract consumers due to being significantly higher than what traditional banks can offer in terms of interest rates.
Lending platforms also offer the added advantage of operating 24/7; users can transfer funds almost instantly between their digital wallet and a lending platform and start accruing interest immediately.
Revolut
Revolut is an innovative financial super app that enables spending, savings and international money transfers in over 130 currencies using both virtual and physical cards, offering free ATM withdrawals in-network as well as low transfer fees and more favorable exchange rates than those provided by traditional banks.
Digital nomads and business owners who travel frequently are especially drawn to its unique functionality, making it popular with both digital nomads and frequent travelers alike. Established in 2015 and headquartered in London, UK; although technically not a bank it does hold both an EU banking license and US financial technology licenses.
Revolut is designed with mobile users in mind and offers an easy-to-use app for managing your finances. You can load money into your account by having it paid into by your employer or adding funds via card or Apple Pay; or you can request payments from others. Furthermore, Revolut also features a feature to block lost or stolen cards to protect against further usage.
Vast Bank
The Vast Bank app makes purchasing cryptocurrency simple and seamless, unlike popular cryptocurrency exchanges which charge transaction fees or offer inferior security measures. Furthermore, this platform does not charge any transaction fees while boasting more security measures than competitors. In addition, this application features a checking account where users can transfer U.S. dollars. This way both accounts can be managed through one app for maximum ease of use and seamless experience.
The company aims to streamline the process of buying, selling and holding cryptocurrency by offering an end-to-end solution that seamlessly manages standard banking accounts alongside digital asset accounts. Furthermore, their clients can make deposits and withdrawals with just a click, making the app ideal for individuals or businesses who value having their private financial data kept secure and protected in an environment they trust. Finally, their app protects clients’ crypto assets by acting as custodian of wallets while offering FDIC insurance through Poolbase for added peace of mind.
Worldcore
Worldcore seeks to play a pivotal role in the transformation of global payments markets and offer innovative cost-effective solutions across many different markets and industries. Their product offering will include regulated P2P cryptocurrency lending platforms, Blockchain-based cash transfer services enabling quick exchange of cryptocurrencies into cash, and payment gateways as part of their product suite.
Worldcore has already reached its breakeven point and is experiencing robust growth. Additionally, Worldcore provides various other benefits which make it an attractive solution for businesses that wish to receive payments online.
As an intriguing departure from traditional ICOs, Worldcore only holds 10% of total coins, reducing any chance for price manipulation or sabotage and showing its commitment to token holders who will receive dividends each year based on a percentage of profits made by the company.
Coinbase
Coinbase is one of the premier cryptocurrency exchanges on the market, boasting high security practices for user funds while providing an intuitive user experience for beginners. Furthermore, this platform offers multiple payment options, such as ACH and SEPA bank transfers for payment processing.
This company offers various benefits to help its employees maintain a healthy work-life balance, such as health, dental, vision and life insurance, flexible spending accounts; life insurance coverage; 18 weeks paid parental leave and learning and development stipends. In addition, its policy of transparency and fairness in termination policies plays a crucial role in its culture; employees feel supported during periods of transition with this type of support from management. Furthermore, as an equal opportunity employer it does not discriminate on any basis such as race, age, religion creed color national origin disability veteran status sexual orientation gender identity or sexual orientation/gender identity (as it also does not permit criminal background checks).
