Fidor Bank - Bitcoin, Ripple, What's Next?
A bank in Germany that goes by the name of Fidor Bank AG is truly differentiating itself even further from your grandparents' bank. You may have read that Fidor became the first bank to utilize Ripple's payment protocol, so why is this bank so different? Fidor is not your traditional bank. Just take a second to digest all the features Fidor's smart checking account offers besides the trite bank/bank card "perks" that every bank offers. Fidor's smart checking account enables users to: Have no account fees. Borrow money from friends. Buy precious metals. Buy foreign currencies. Buy....
Related News
San Francisco-based decentralized payment network provider Ripple Labs has announced that German Internet direct bank Fidor is now using the Ripple protocol as part of its transaction infrastructure. With the announcement, Fidor has become the first bank to integrate Ripple's payment protocol, allowing its customers to instantly send money in any currency in any amount through the bank's money transfer products at a lower cost. The move is significant as it will allow Ripple to showcase how its unique open-source approach to payments can be used by banks to replace many of the common....
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.....
Ripple Labs has sealed new partnerships that will bring its Ripple protocol to two US banks. According to the company's 24th September announcement, Kansas-based CBW Bank and Cross River Bank, located in New Jersey, will be the first American banks to adopt Ripple's open-source distributed transaction infrastructure. The news comes several months after Ripple inked its first deal with the banking sector, when German bank Fidor became the first institution of its kind to integrate the Ripple protocol. Like Fidor, CBW Bank and Cross River Bank will now be able to tap Ripple's low-cost....
[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....
Bitcoin merchant processor BIPS announced several upgrades to its business this week, including a new relationship with Germany-based Fidor Bank and an integration of the bitcoin payments protocol. Working with Fidor Bank enables the company to offer free Single Euro Payments Area (SEPA) bank settlements to its merchant customer base. According to BIPS, this option was originally available to its customers in Denmark, though the company is focusing on the entire European market. BIPS CEO Hans Heming said the association with Fidor is aimed at offering cheaper bitcoin payments processing to....