German bank bridges gap between crypto-currencies and fiduciary currencies

Cryptocurrencies and Blockchain know no boundaries. They continue their momentum to reach the whole world. While companies linked to these emerging technologies have long been rejected by traditional financial institutions, they are now accepted in the European Union. SolarisBank, an authorized banking platform based in Berlin, recently created the " Solaris Bank Blockchain Factory" ". The latter provides a technological and regulatory bridge between the world of banks and that of Blockchain.

Traditional finance meets the financial future

SolarisBank, the Berlin-based company, is expanding its service offering to become the specialist infrastructure partner of choice for digital coin companies and Blockchain.

Roland Folz, the CEO of SolarisBank said :

"For more than two years, SolarisBank has introduced contextualbanking - modern financial services are integrated through interfaces (APIs) into the existing suite of services for businesses. They are made available to customers when and where they are needed.

"The services offered by the SolarisBank Blockchain Factory in the area of ​​Blockchain and cryptocurrencies are the next strategic step. There is a strong demand from the distributed record industry for an authorized partner that forms the technological and regulatory bridge to the traditional bank - as a technology company with a banking license, we are a partner of choice. "
In addition, Blockchain Factory will provide banking services to companies whose business is directly or indirectly related to virtual currencies and large distributed registry technology.

For example, the Blockchain Company Account is intended for the banking activities of Blockchain companies. The purchase and sale of fiat money is best facilitated by cross-border services involving crypto-currencies such as the Automated Trust Account.

Offer bank accounts to cryptocurrency and Blockchain businesses

SolarisBank aims to meet the critical needs of Blockchain and Cryptocurrency companies. Especially since most banks hinder their way .

Peter Grosskopf SolarisBank's CTO, who also runs the Blockchain Factory, provided some explanations:

"When the SolarisBank project was launched about three years ago, we identified a major problem to solve in the market: many fintechs needed an authorized banking partner to launch their products, but could not find a bank technologically and culturally adapted to work with them. This is the origin of the SolarisBank idea. Since then, we have established partnerships with more than 60 companies, many of which are fintechs, but also technology companies and banks. Today, technology pioneers are using Blockchain technology to imagine decentralized versions of industries such as finance. It is interesting to note that many of these pioneers are facing exactly the same problem as three years ago - the need for a licensed partner. "

What do you think of banking services that bridge the gap between the world of traditional financial institutions and the world of crypto-currencies and Blockchain offered by SolarisBank? Tell us in the comments below.