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A far-reaching cryptocurrency service will break down entry barriers to digital money and offer use cases across the board for merchants and consumers.
Getting started with bitcoin and other cryptocurrencies can be daunting. Whilst they offer many advantages in theory, in practice the challenges involved in both acquiring and using them can put off new users. CoinsBank, an ambitious new crypto start-up based in Edinburgh, UK, will bring together every major element of the cryptocurrency and traditional financial ecosystems with the aim of providing an all-in-one gateway to blockchain services. The company will provide everything from a digital wallet, a sophisticated exchange for trading and a mobile app to physical payment cards and tools for merchant integration – and that’s just for starters.
Blockchain and beyond BTC
‘Bitcoin’s true significance is not simply fast and low-cost money transfer,’ comments newly-appointed CoinsBank CEO Ronny Boesing, a cryptocurrency entrepreneur and visionary who has been active in the sector since 2014. ‘It is the blockchain, the shared ledger that will power the next generation of fintech solutions. Blockchain technology enables anyone to store and transmit information of any kind, directly and trustlessly between individuals.’ Such technology has the potential to stamp out corruption thanks to the transparency of the ledger, as well as bring incredible efficiencies and reductions in costs for users due to the lack of middlemen and unexpected fees.
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