We are living in revolutionary times. The recent surge in interest in crypto is just the latest in a series of indicators that this bold and utopian development is here to stay.
And so the introduction of the Second Payment Services Directive (PSD-2), which entered into force in the EU in January this year, could not have come at a better time. Giving the financial world greater flexibility, this directive now means that bank customers, both retail and commercial, can use third-party providers to pay their bills, transfer funds and provide a range of financial reporting tools.
Traditional and crypto banking – all under one roof
This has paved the way for a one-stop solution for fiat and crypto assets to be managed in one place, whilst retaining all the benefits of your classic bank account. SamBanx, a fintech company registered in Switzerland in compliance with FINMA requirements, is on track to be among the first take advantage of PSD-2 regulation, which entered into force earlier this year. Their goal is simple. To provide the quickest, safest and easiest solution for those who want to keep their banking and crypto affairs under one roof.
SamBanx engineers have spent the past (insert number) months working on a unique solution to this pressing market need. The key challenge they face is to bring different finance points together, such as EU banks and global crypto exchanges, building a private blockchain for their future customers’ crypto accounts. SamBanx’s engineers have already developed a unique arbitrage system which will control prices and volume on 12 cryptocurrency exchanges; and by splitting orders into batches, Samanx’s AI-powered trading bots can buy/sell large amounts of cryptocurrency on 12 crypto exchanges at the same time. The beta version of the SamBanx platform is scheduled for launch in September 2018, after the SamBanx Token Generation Event has concluded.