Blockchain-based PlasmaBank breaks into Asia and Europe
PlasmaBank is the newest challenger on the market, fully built and supported by blockchain technology.
It defines itself as “a cross-border financial and technological blockchain platform for the management of financial assets for individuals and businesses”.
It is for all intents and purposes a bank-on-blockchain though, as the platform allows for the creation of bank accounts, make transfers without commission within the ecosystem, issue an individual debit card, open deposits, and take out loans, as well as other on-spot services with digital and traditional currencies.
Customers can also use a “robot consultant” or “robot investor” which will analyse the market and invest in the interests of the client.
The project has already been introduced and is actively developing in all countries of what the company calls “the green corridor” for fintech projects” – FinTech Futures is awaiting clarification on this.
“We started world expansion from Europe and Asia. Legally, we’ve chosen Estonia as the centre of the presence in the European market and Singapore – in Asia, because of their plasticity and openness to fintech projects,” says PlasmaBank founder Ilya Maksimenka.
This platform will work as a direct “marketplace” which is built as an offers aggregator from various banks. It aims to promote and leverage the increasing digital literacy and accessibility in those more remote areas of Asia and Europe.
“In the next two years the well-known and large banks around the world will offer their clients to open accounts for digital assets. In most cases, banks are not ready to implement such projects themselves, but they are ready to take the fintech services they like and build them into their projects,” notes Ilya Maksimenka.
Another relevant bank running purely on blockchain is Babb – read more about it here.
