German-Based Fidor Bank to Offer "Bitcoin Express" Service in UK?
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....
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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....
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....
German Bitcoin exchange bitcoin.de and Fidor Bank have announced a new "Bitcoin Express" option for Fidor Bank customers to buy and sell bitcoin instantly on the exchange. The new option addresses the delays involved in exchange transactions. Bitcoin exchanges like BitStamp, which are not licensed banks, must often wait hours or even days for a transaction to be cleared by an external bank. But because Fidor Bank is fully licensed, it is able to provide a direct interface to the mainstream banking system, eliminating transaction delays. As a result, holders of a "Fidor Smart Giro Account"....
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....
[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....