Currently governments across the world split down the middle on the following issue: there’re those who support cryptocurrencies, and those who try to prohibit any use of cryptocurrencies viewing them as a threat to the world economies. Even in the countries that demonstrate tolerant attitude towards cryptocurrencies (e.g. Estonia where you can obtain a license for cryptocurrency-related operations), banks tend to suspend customer accounts that are somehow associated with cryptocurrencies. Majority of countries are facing this challenge, this way or another — banks are striving to prevent cryptocurrencies from entering our everyday life.
This poses a significant problem for crypto community users who want to purchase and sell cryptocurrencies freely, accept ICO-related payments in fiat money (USD, EUR, RUB etc.), and transfer funds across the world without worrying about their accounts getting suspended.
MyCryptoBank is exactly the instrument to address this challenge. We’re going to become the first bank to help crypto community send and accept payments in cryptocurrencies and in fiat money along with making deposits, taking loans and credits. Our bank plans to develop an infrastructure for setting up acquiring and merchant accounts for the enterprises to pay for the goods and online services.
Customers will be able to obtain payment cards in order to withdraw available funds from their personal accounts via any ATM in any corner of the planet, or to pay in stores, restaurants etc. We also scheduled installation of conventional and Crypto-ATMs to help customers purchase cryptocurrencies and withdraw cash with minimum fees and in a most convenient manner. In fact, we’re striving to create a classic-type bank providing comprehensive range of services that is “crypto-friendly” above all, which gives us a strong competitive gain as compared with other financial institutions, and helps attract more customers to our bank — and more money.
