Digital Currency Friendly Fidor Banks UK Launch is Delayed
Fidor Bank which describes itself as a web 2.0 Social Banking solution has had its planned launch in the United Kingdom delayed. These delays are being put down to problems gaining access to the countries payments system infrastructure. The bank which first appeared on the German banking scene in 2007 has already launched in Russia via a joint venture, and has its eyes set on the United States market once operations take off in the UK and then plans to take steps to make its services available throughout the Eurozone. The digital currency industry in the United Kingdom were highly....
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Fidor Bank, the innovative German bank that is bringing Bitcoin and digital fintech to mainstream banking, is now operating in Great Britain. Fidor Bank, one of the world's most innovative banks disrupting the traditional banking sector, has been recognized by the World Economic Forum as a "Global Growth Company." Founded in Germany in 2009, Fidor Bank offers a new approach to financial services. "Traditional banks do not reflect their customers' needs in the digital age," notes the Fidor Bank UK website. "Customer requirements are not being met by traditional banks because of lack of....
German Internet direct bank Fidor and digital currency exchange Kraken are teaming up on what the two companies say will be the first "specialized bank for crypocurrencies". The platform is expected to enter the first stages of development by the end of this year. San Francisco-based Kraken reported it will be responsible for the technological aspects of the project, while Fidor will handle regulatory and licensure logistics, drawing from its connections in the broader financial sector. The partnership builds on an existing cooperation between Fidor and Kraken, which cemented an European....
A German-based bank called Fidor Bank recently set up shop in the United Kingdom, prompting speculations that it might start offering its bitcoin services there as well. Fidor Bank is known for being more open to new developments in the digital age and was recognized by the World Economic Forum as a "Global Growth Company" back in 2014, five years after its establishment in 2009. "Traditional banks do not reflect their customers' needs in the digital age," indicated a statement on the Fidor Bank UK website. "Customer requirements are not being met by traditional banks because of lack of....
This is not the first time Fidor has delved into the world of cryptocurrency. In fact, last October they partnered with a cryptocurrency exchange Kraken. Fidor becomes first bank to use Ripple, a payment protocol. Fidor, a Munich-based bank. Fidor states that they are implementing Ripple as a way that will benefit the consumers, with faster and more affordable means of transferring money, not just inside Fidors banks, but also across other banks and other financial companies. This benefits both supplier and consumer, as Fidor will have to spend less on fees, transaction costs, etc.....
[Notice: The Fidor Bitcoin-related services are available out of Germany only.]. In its pursue to experiment additional markets, German bank Fidor has decided to open a branchless banking platform in the US, a step that is likely to facilitate the essential use of cryptocurrency further. According to the available reports, the Internet direct bank plans to launch a real time cross border transaction network through Ripple protocol. Fidor meanwhile has not released any further detail about the products that will be the part of its US expansion plan (currently in development). There are....