Kraken partners with Fidor Bank to offer bitcoin trading services in the EU
Digital currency exchange Kraken has forged a partnership with Munich-based Fidor Bank to offer its European customers regulated bitcoin trading services. Jesse Powell, CEO of Payward Ltd, which is the developer of Kraken, said the exchange has found its "ideal partner" in Fidor Bank. He described the bank as a "responsible, forward-thinking financial institution" and praised its desire to combine the "predictability and stability of traditional banking relationships with the social and economic benefits of new digital currencies". Powell added: "From the beginning, our goal has been to....
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Fidor Bank, a German Web 2.0 bank, is partnering with Kraken to launch an initiative that will create a specialized bank for cryptocurrencies. The project aims to create a regulated and licensed financial service institution. The project will combine several products and services from various companies to offer a great variety of financial products and services that are geared towards cryptocurrencies. Also read: Vogogo Secures Partnership With Knox Payments to Service Digital Currency Industry. New Cryptocurrency Bank. Kraken is a Bitcoin exchange that is located in San Francisco. Through....
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....
In February Bitcoin Magazine reported that German Fidor Bank had established a partnership with bitcoin exchange bitcoin.de, enabling Fidor Bank customers to buy and sell bitcoin instantly on the exchange with an agile "Bitcoin Express" option. The move was considered as a remarkably bold initiative by a mainstream bank. Fidor Bank is no stranger to bold, innovative initiatives. The bank, which was granted a full European banking license in 2009, is known as a modern Internet Bank and an early adopter of new trends in fintech with innovative services for connected consumers. Fast Company....
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....
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....