Bitcoin Payment Provider BIPS Partners With Fidor Bank to Offer Free Bank Settlements
The European market leader in cryptocurrency payment solution BIPS announced today a partnership with Fidor Bank of Germany to offer European merchants free and fast bank settlements. Fidor Bank, based in Munich, Germany, is no stranger to cryptocurrency. In January of this year, the bank launched a bitcoin derivatives market, allowing speculators to bet on the rising and falling prices of bitcoin. These improved settlements are a part of SEPA, the Single Euro Payments Area. SEPA is a European Union initiative that allows for the simplification of bank transfers denominated in the Euro....
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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....
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....
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....
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....
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....