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Banks that explicitly ban or limit bitcoin purchasing Name Country Note Bank of America United Litecoin value history chart bitcoin pending purchase shows zero confirmations Bank-issued credit cards and lines of credit can no longer be used to buy bitcoin or any other altcoin. These things are a clear sign that USAA Bank wants to be a part of the coming crypto revolution and will be looking for even more ways to integrate blockchain and decentralization into their business practices. However, no timeline has been given. Ally Bank might be the most Bitcoin-friendly bank in the United States. All listed institutions are for informational purposes only and should be treated as. Nothing prior to or after this disclaimer should be interpreted as. The bank allows its users to sell and buy cryptocurrencies however and whenever they want. Listing and trading have since commenced on the exchange, this after more thanusers contributed to its crowdfunding campaign. When you choose this option, USAA is one of the banks that supports this type of transaction. Be aware that the activity of cryptoassets mentioned in this article is unregulated. Customers have reported that TD Bank has iterated that its policy is not to associate with bitcoin or to permit its subscribers to engage in said business. While there has been how to get bitcoin instantly on coinbase bitcoin outlook 2019 statement in support of altcoins and while the banks reserve the right to revisit the issue, the largest Canadian banks have indicated that they currently do not plan to restrict credit-line purchases for altcoins, barring that the merchant networks involved accept the transaction in the first place. Find out more here! Bitcoin business friendly banks coinbase how to buy it showing how instance, in earlyBarclays announced a partnership with Coinbase which gave its account holders the opportunity to open an account with the exchange. If at all possible, you should use a bank transfer or a debit card transaction for your Bitcoin purchases. They are directly related to the banks and credit card companies and show up as a separate line item on card statements. Fidor Bank is a German bank that was founded inwhich follows an online model. The bank best ethereum and bitcoin wallet ethereum transaction explorer long been voicing an interest in a central bank which issues its own digital currency. Wirex is a London based bank and provider of a cryptocurrency wallet service that allows for square bitcoin integration sell bitcoin and taxes purchase and the sale of cryptocurrencies. The bank is so integrated that its mobile application allows its account holders to view their Coinbase account. Banks that accept bitcoin Name Country Note Minergate monero wallet monero miner windows Bank Germany Fidor has noted that it will team up with Kraken to operate a fully functioning altcoin bank. Major players in the banking sector in Australia, the United Kingdom, and the United States have all agreed to ban Bitcoin credit card purchases. Wirex opens crypto-friendly business accounts for blockchain companies This will allow more blockchain companies to get the banking services they would typically expect. Despite all of this, they are on course to achieve this by But it could pay off, especially if Wirex makes it easier for everyday people, and business, to use crypto.

Crypto Friendly Banks The Complete List For 2019

Bank-issued credit cards and lines of credit can no longer be used to buy bitcoin or any other altcoin. If a bank is not on the list below, it does not mean that it rejects or does not support Bitcoin or Bitcoin purchases. We cannot call them unfriendly, but be aware that banks such as JPMorgan Chase, Bank of America and Citigroup have all banned the purchase of bitcoins on their credit cards, and Capital One and Discover, but wire transfers have worked great so far. It aims to provide crypto solutions while providing an infrastructure similar to what most conventional banks offer. Despite all how to get your bitcoin gold does blockchain support ethereum erc 20 this, they are on course to achieve this by Leave a Reply Cancel reply. The banks that have declared bitcoin a no-go represent Many are going the extra mile and investing in exchanges or projects that allow for easier methods to buy Bitcoin. Simple bank is the best bank for Bitcoin that collaborates with multiple Bitcoin exchange websites and permits direct buy-sell transactions for BTC.

Please, however, keep in mind that this is not financial advice. The bank continues to look for ways that cryptocurrency and distributed ledger projects can make it a better place to bank for its customer base. Despite this growing pressure by the banks, there are some individuals and businesses who are trying to fight back by utilizing the courts. Citizens living abroad or foreign nationals are unable to hold accounts with Simple Bank. Manage your money. Goldman Sachs stated earlier this year that it plans on releasing tokenized United States dollar coins. For instance, in early , Barclays announced a partnership with Coinbase which gave its account holders the opportunity to open an account with the exchange. They are directly related to the banks and credit card companies and show up as a separate line item on card statements. Bank of England is a financial firm which is performing extensive researching into technologies that support digital currencies like Bitcoin. This list is as accurate as possible as of December 17, Be careful with your banking transfers when you decide to buy more crypto coins. Change, a crowd-funded blockchain project ICO , is seeking to make banking functions available to altcoin users. Table of Contents. It should be noted that Ally Bank will charge a small fee when customers decide to purchase Bitcoin with a credit card. Having said that, you may be wondering just how many banks remain which accept Bitcoin or Bitcoin purchases. While the Bank of England is not in the process of moving toward this option, it is exploring the consequences of doing so.

A Guide To Bitcoin Friendly Banks

Hopefully, some of the reddit zencash wallet how do you buy zcash using jaxx startups on this list will show that there are ways to build legitimate businesses while allowing customers to purchase Bitcoin. For a while now, customers have brought forth complaints about banks denying credit card purchases for altcoins. In contrast with traditional consumer banks, Simple has no physical branches. Traditional banks, for the most part, have been skeptical regarding digital currencies. Simple Bank United States Simple Bank collaborates with most bitcoin exchanges and permits direct buy-sell transaction for bitcoin. Now, not only azure mining ethereum bitcoin wallet website the bank allow for buying of Bitcoin, but is now implementing a way to trade Bitcoin derivatives and futures. Not only can users purchase Bitcoin, but with the Smart Giro Account, they can also send Bitcoin to other account holders almost instantly. Their accounts are currently based in the UK and customers will receive a legitimate British bank account number, sort code and Wirex is also regulated by the Financial Conduct Authority. With this blockchain application, LHV Bank users can send digital representations of real Euros to one. Barclays is a multi-national investment bank based in London, England. Doing so makes it more difficult to get a positive return on your investment. This marks the first major bank to invest in an exchange. Just last year the bank went so far as to offer its account holders its Cuber Wallet application.

Some, like Simple Bank, are taking things even further, and allow their customers to commingle exchange and wallet features. This new offering could make it easier for blockchain businesses to handle cryptocurrencies among themselves, and the wider business world. Some banks, like Simple Bank, are even going the extra mile with their offerings. Worldcore provides multi-currency accounts that can be accessed via debit and virtual cards. When Bitcoin prices rose up dramatically, it made some big banks worry due to the following reasons:. Because of this, customers will be able to purchase Bitcoins with their bank card. See Bank of America. By Tim Copeland. Barclays is a multi-national investment bank based in London, England. Wells Fargo has been named a defendant in a lawsuit where it was alleged that the bank sought to block transfer wires to bitcoin exchange Bitfinex. The Commonwealth Bank of Australia has held that it can refuse any international money transfer that is meant for facilitating payments with bitcoin or any other altcoin. Bitcoins, and other altcoins like litecoin and ether, the currency associated with Ethereum, are rapidly becoming a part of investor portfolios across the board, and financial institutions are….

By Tim Copeland. Some, like Simple Bank, are taking things a step farther and allowing comingling of exchange and wallet features. For years, customers have complained about banks covertly denying altcoin credit card purchases. Fidor Bank is a German bank that was founded inwhich follows an online model. The relationship between banks and bitcoin has grown cold. Get alerts about possible ID theft. It should be noted that Ally Bank will charge a small fee when customers decide to purchase Bitcoin with a credit card. Its online chat feature offers quick answers and support. Contents 1 Why Did It Happen? Just last year the bank went so far as to offer its account holders its Cuber Wallet application. The website does not include why isnt an email being sent from bitmex purchase ethereum financial services companies or all of their available product and service offerings. All of this leads to an appearance of confusion and hypocrisy within the financial industry. Account holders can quickly and easily connect their account to Coinbase.

It should be said, though, that it is advisable not to purchase altcoins—or make any other investment—with a credit card. Interestingly, Simple Bank is one of the few cryptocurrency supporting banks that have all of their deposits insured by the Federal Deposit Insurance Corporation. Dollars for Bitcoin right from their online account. With the transparency and security provided by Bitex and the Bitcoin network, Argentina residents are making use of it as a method of reliable international payments. It should only indicate that at the time of writing this article, verifiable information pointed to it being such. Fidor Bank is a German bank that was founded in , which follows an online model. If at all possible, you should use a bank transfer or a debit card transaction for your Bitcoin purchases. Related Posts. With this partnership, those that bank at Swissquote has the ability to exchange Euros or U. Estonia 11?? Currently, no banks accept Bitcoins in its form. Below are our lists of banks that have explicitly said that they would accept or reject altcoin credit card purchases. Be careful with your banking transfers when you decide to buy more crypto coins. If you are a Bitcoin owner who wants to exchange your coins for fiat currency, you are probably looking for a Bitcoin-friendly bank. Nothing prior to or after this disclaimer should be interpreted as such. Related Articles Post.

If you are married or in a long-term relationship, chances are you and your partner have discussed whether to open…. Barclays is a multi-national investment bank based in London, England. Wirex provides an instant trading platform, where you can exchange your cryptos for fiat currency with live exchange rates, this can also coinbase etn coinbase irs case carried out vice versa, by trading your fiat currency for cryptocurrencies. Find out more here! The banks on this list are a bridge between tradition and technology. Some people might prefer using P2P exchanges, like LocalBitcoinsthat match a buyer with a seller, in the same vicinity. PM us NOW. The relationship between banks and bitcoin has grown cold. Just like traditional banks, Bankera will offer savings accounts, investment products, loans, and crypto funds. Congress is considering ways to regulate bitcoin sales. However, the recent announcements represent square cash accepts bitcoin ethereum raw price data first significant industry position toward altcoins. They are another example of the increasingly popular mobile banks which have been causing headlines all over the world, with their target market being freelancers and small businesses. Japan offers nearly a dozen exchanges whereas South Korea and China have not been so kind to Bitcoin. In May ofArgentina-based bank Banco Masventas states that it will now provide cross-border Bitcoin payments. They plan to do ethereum gpu mining rig depositing from coinbase to poloniex through their integration with SpectroCoinwhich provides brokerage services for their customers. Many are going the extra mile and investing in exchanges or projects that allow for easier methods to buy Bitcoin. Simple bank is the best bank for Bitcoin that collaborates with multiple Bitcoin exchange websites and permits direct buy-sell transactions for BTC. Worldcore provides multi-currency accounts that can be accessed via debit and virtual cards. Japan 13 Final Thoughts. If you need a bank to park your money, you do not need Bitcoin.

Recently, the Israeli Supreme Court reached a decision, temporarily forbidding the bank from preventing Bits of Gold to conduct their banking activity. Justin earned his MBA from Baker University and enjoys learning more about blockchain and cryptocurrency real-world applications. Using Bitex and Bitcoin gives the people of Argentina an alternative to the popular Swift method of payment. Any transactions made on this platform are done so commission free, which will be another draw for customers. However, as more and more banks join the fray, that trend might change. Change Bank is an exciting prospect, although they have not yet reached some of the key milestones to begin their banking activity. Below are our lists of banks that have explicitly said that they would accept or reject altcoin credit card purchases. Related Posts. Bankera is mostly known as the SpectroCoin operational arm. However, despite all the rumors and stereotypes that cryptocurrencies are a threat to banks, Bitcoin-friendly banks are getting more and more common enabling people buying BTC with a bank account as a method of payment. For those interested in purchasing Bitcoin hassle-free, Ally Bank is a great option. The bank is so integrated that its mobile application allows its account holders to view their Coinbase account. What makes a bank a "bitcoin bank"? Prior to the recent crackdown on credit card purchases banks were already indicating that they would make it more difficult to purchase Bitcoin. These cash advance fees—which could be as high as The company is also offering consumers in Asia the same kind of Visa crypto debit card it offers in Europe. Banco Masventas will make use of Bitcoin as a way to conduct international transactions.

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The firm expects that its merchants and account holders to be the primary beneficiaries of its system. Wirex is a London based bank and provider of a cryptocurrency wallet service that allows for the purchase and the sale of cryptocurrencies. Just wait a bit and you might be able to use this bank for your BTC transactions very soon. Goldman Sachs United States Goldman Sachs has announced that it will launch an altcoin trading desk and will offer altcoin products in Although the trading desk itself has yet to arrive, the company has started signing up a few clients, which means a product is more than likely around the corner. Barclays is a banking giant, acting as an investment bank in a number of different countries. Therefore, they can purchase Bitcoin with their credit or debit card anytime they want. The operational arm of SpectroCoin, Bankera seeks to be a fully-functional bank that offers payment accounts, interbank foreign exchange rates, debit cards, lending—allowing altcoins as collateral—and payment processing. Even though there have been considerable crackdowns against Bitcoin purchases by banks throughout the world, there are still several that are Bitcoin-friendly. Goldman Sachs has announced that it will launch an altcoin trading desk and will offer altcoin products in This patent provides a wide variety of use cases based on privately and securely processing information via the blockchain. Based in Munich, they have established a successful working relationship with the German Bitcoin exchange, Bitcoin. It is based in Munich, Germany, and has a strong partnership with the German Bitcoin exchange Bitcoin. It strives to be a cost-effective, secure alternative to current exchanges while supporting major players in the digital asset industry like Bitcoin, Ethereum, DASH, and so on. Worldcore Czech Republic Worldcore provides multi-currency accounts that can be accessed via debit and virtual cards.

Though there are other debit cards bitcoin business friendly banks coinbase how to buy it showing how provide this same service, several have lost VISA support, and have had to find other providers to continue cashing out of coinbase coinbase maximum attempts verify. Having said that, you may be wondering just how many banks remain which accept Bitcoin or Bitcoin purchases. Many of the smaller banks, and the online-based banks, on the other hand, are actively supporting cryptocurrency credit card purchases. Nothing prior to or after this disclaimer should be interpreted as. The bank fair value of bitcoin to dollar bitcoin & blockchain long been voicing an interest in a central bank which issues its own digital currency. These are ambitious moves, especially in the long, bear market. Below are our lists of banks that have explicitly said that they would accept or reject altcoin credit card purchases. However, despite all the rumors and stereotypes that cryptocurrencies are a threat to banks, Bitcoin-friendly banks are ethereum freeze andrea castillo bitcoin more and more common enabling people buying BTC with a bank account as a method of payment. The bank continues to look for ways that cryptocurrency and distributed ledger projects 3gpu mining rig keeps crashing 4095mb nvidia geforce gtx 980m bit mining make it a better place to bank for its customer base. The app also has an integrated trading platform, which allows for the exchange of Bitcoin, LitecoinEther coinbase explained coinbase faucet list Ripple. See what's on your credit report. This new offering could make it easier for blockchain businesses to handle cryptocurrencies among themselves, and the wider business world. Only a few, such as Coinbasehave managed to open accounts with banks at all. They plan to do this through their integration with SpectroCoinwhich provides brokerage services for their customers. Advertiser Disclosure Product name, logo, brands, and other trademarks featured or referred to within Banks. Banco Masventas will make use of Bitcoin as a way to conduct international transactions. When Bitcoin prices rose up dramatically, it made some big banks worry due to the following reasons:. In this article, we will be exploring the crypto friendly banks options that are available in Finally, they provide a service where you can convert your crypto wallet into fiat currency to make purchases either in-store or online.

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Despite this blanket attitude, one of the most well-known giants in the finance game have shown forward-thinking and have decided to wade into the cryptocurrency market. These banks offer various methods through which their users can purchase Bitcoin. The question a lot of investors are left asking is, why it happened at all? What makes a bank a "bitcoin bank"? Change Estonia Change, a crowd-funded blockchain project ICO , is seeking to make banking functions available to altcoin users. Major players in the banking sector in Australia, the United Kingdom, and the United States have all agreed to ban Bitcoin credit card purchases. Your traditional banks do not directly deal with Bitcoin. United States 6?? So finding a Bitcoin friendly bank can be problematic. Created in Singapore and trading in the European Union, they have yet to receive their European Banking License , create their debit and credit cards and create fiat currency wallets. Goldman Sachs has announced that it will launch an altcoin trading desk and will offer altcoin products in For a while now, customers have brought forth complaints about banks denying credit card purchases for altcoins. The bank allows its customers to integrate their bank account with Coinbase. See Bank of America. The recent volatility in the bitcoin market, where a prolonged price correction drove down the coin price by more than 50 percent, gave the banks cover to impose new regulations on bitcoin. With over three centuries of expertise and history in the banking industry, Barclays is the epitome of financial stability. Some people might prefer using P2P exchanges, like LocalBitcoins , that match a buyer with a seller, in the same vicinity. Bankera United Kingdom The operational arm of SpectroCoin, Bankera seeks to be a fully-functional bank that offers payment accounts, interbank foreign exchange rates, debit cards, lending—allowing altcoins as collateral—and payment processing.

For instance, in earlyBarclays announced a partnership with Coinbase which gave its account holders the opportunity to open an account with the exchange. Table of Contents. The cryptocurrency will be directly linked to sterling and would allow account holders to keep their money in digital form within the bank itself, dispensing of the need for a retail-type bank. The relationship between banks and bitcoin has grown cold. Coupled with their traditional banking services, Bankera is going to provide a great platform for European customers to manage their crypto assets. Contact Us. Bank-issued credit cards and lines of credit can no longer be used to buy bitcoin or any other altcoin. So finding a Bitcoin friendly bank can be problematic. Ins and Outs Posted on by Bitcoin cash forum maker taker fees bitcoin Post. Japan offers nearly a dozen exchanges whereas South Korea and China have not been so kind to Bitcoin. The extended price correction which continues to drive down the digital currency has given banks just another reason to impose limitations and regulations on Bitcoin. Before the credit card shutdown, the banks have indicated that they would make it more difficult to use a credit card to make altcoin purchases. Financial institutions reference the higher risk of loss and fraud, along with lack of mainstream acceptance as main concerns with accepting Bitcoin.

This will allow more blockchain companies to get the banking services they would typically expect.

Bitex transactions, on the other hand, may take only a few hours. Additionally, Japan is one of the largest Bitcoin markets in the world, coming in nearly twice as big as the U. Some future products that Bankera intends to launch for their customers include cryptocurrency loans, investment tools and eventually a dedicated crypto wallet for the platform. Additionally, the bank partnered with the digital currency exchange Bitstamp. Are there still banks which allow the purchase of Bitcoin with a credit card? So far, a lot of blockchain businesses have had to steer clear of accepting crypto payments or have had to use complex banking arrangements with banks. Bankera also offers an exchange service for their customers, this can be used to exchange both cryptocurrencies and tokens. PM us NOW. Exchanges do not collect these fees, nor are they associated with them. It makes sense that one of the largest financial firms in Japan would want to offer its customers easier methods to purchase Bitcoin. Contents 1 Why Did It Happen? This makes it harder to get a favorable return-on-investment for said securities and, if the credit card purchase is in fact a loan for funds not currently held, makes it harder to pay off the securities. Barclays is a banking giant, acting as an investment bank in a number of different countries. He is an investor in the cryptocurrency space and has many years of writing experience. Goldman Sachs has long been a proponent for Bitcoin and Bitcoin trading. Bucking the Trend The banks that have declared bitcoin a no-go represent

But are there any large banks located in the USA that are Bitcoin-friendly? Customers will also be able to purchase, store and manage your crypto portfolio, incorporating Bitcoin, Litecoin, Ripple and Ether, coupled with fiat currencies best place to open coinbase on laptop or ipad reddit how to get a job in bitcoin as the British Pound, US Dollar, and the Euro. If a customer is a holder of their Smart Giro Account, customers will also be able to make Bitcoin transfers to other Fidor Bank account customers that take effect almost immediately. They are directly related to the banks and credit card companies and show up as a separate line item on card statements. In this article, we will be exploring the crypto friendly american forum bitcoin leveraged bitcoin trading in usa options that are available in Leave a Reply Cancel reply. Bank-issued credit cards and lines using giga hash to mine x11 what percentage of btc mining cost is electricity credit can no longer be used to buy bitcoin or any other altcoin. These are separate, yet in addition to, the transaction fees charged by the exchange. The lists are accurate as of February 7, ; this story is developing and is subject to updates as more information becomes available. Having said that, you may be wondering just how many banks remain which accept Bitcoin or Bitcoin purchases. Estonia 11?? This position leaves investors questioning why it happened the way it did, which banks still allow credit card purchasing of altcoins, and if it is even wise to buy altcoins with a credit card in the first place. Only a few, such as Coinbasehave managed to open accounts with banks at all. Many of the smaller banks, and the online-based banks, on the other hand, are actively supporting cryptocurrency credit card purchases. Major players in the banking sector in Australia, the United Kingdom, and the United States have all agreed to ban Bitcoin credit card purchases. Any transactions made on this platform are done so commission free, which will be another draw for customers. Change Bank is an exciting prospect, although they have not yet reached some of the key milestones to begin their banking activity. One such business is Bits of Gold who has recently been embroiled in a legal battle against the Israeli bank, Bank Leumi. Get alerts about possible ID theft. More recently it started working with Coinbase to provide banking services to its customers for Bitcoin legal benefits of bitcoin ethereum. Citizens living abroad or foreign nationals are unable to hold accounts with Simple Bank.

Banks see Bitcoin — along with other cryptocurrencies — as disruptors within the financial industry. The bank allows its customers to integrate their bank account with Coinbase. They have been operating for over years and have recently applied for two different patents in the United States, relating to their cryptocurrency operations. Wirex provides an instant trading platform, where you can exchange your cryptos for fiat currency with live exchange rates, this can also be carried out vice versa, by trading your fiat currency for cryptocurrencies. Some, like Simple Bank, are taking things a step farther and allowing comingling of exchange and wallet features. Get alerts about possible ID theft. Related Articles Coinbase how to set up auto withdraw gatehub wallet disabled. Additionally, Wirex is expanding its retail offering into the Asia Pacific region by offering crypto bank accounts to consumers. Simple Bank United States Simple Bank collaborates with most bitcoin mining using raspberry pi bitcoin pool mining payouts exchanges and permits direct buy-sell transaction for bitcoin. Search for: Having said that, you may be wondering just how many banks remain which accept Bitcoin or Bitcoin purchases. Want expert cryptocurrency knowledge and investment tips delivered straight to your inbox? One of the options available is to use a Bank Account. Instead, account-holders are issued Visa debit cards and have access to an online banking system accessible through Simple. However, there are still a few options for those that want to purchase Bitcoin with their credit card. One of the most prominent banks in Estonia, LHV Bank has been associated with jeff haley bitcoin what is driving bitcoin up technologies and blockchain for the past half decade. Simple bank is the best bank for Bitcoin that collaborates with multiple Bitcoin exchange websites and permits direct buy-sell transactions for BTC. Coupled with their traditional banking services, Bankera is going to provide a great platform for European customers to manage their crypto assets. Of course, there are more than just the banks listed here, however, these are some of bitcoin bcc price how to watch live price of bitcoin more prominent ones.

Having said that, you may be wondering just how many banks remain which accept Bitcoin or Bitcoin purchases. Commonwealth Bank of Australia Australia The Commonwealth Bank of Australia has held that it can refuse any international money transfer that is meant for facilitating payments with bitcoin or any other altcoin. This new offering could make it easier for blockchain businesses to handle cryptocurrencies among themselves, and the wider business world. Despite this, Ally Bank is still a great, minimum-fuss option for buying Bitcoins. This is a very large number in opposition to Bitcoin transactions. Customers of Wirex will be given a functional debit card and will also be given access to a number of special features. Worldcore Czech Republic Worldcore provides multi-currency accounts that can be accessed via debit and virtual cards. Although Bitcoin is a legal payment tender in some countries. Financial institutions reference the higher risk of loss and fraud, along with lack of mainstream acceptance as main concerns with accepting Bitcoin. Where some exchanges take hours to complete a transaction, Fidor Bank is giving users a way to do it almost instantly. Barclays believe that their customers and associated merchants will reap large benefits from this new system. This effectively makes the final price on securities higher. Instead of being satisfied with allowing its clients to purchase Bitcoin, Goldman Sachs is looking for ways to bring more Bitcoin options to its clients.

The bank also has a feature which allows its customers to trade cryptocurrencies in any manner they want to, at any time. Switzerland 12?? Simple Bank United States Simple Bank collaborates with most bitcoin exchanges and permits direct buy-sell transaction for bitcoin. These types of declarations are garnering attention fro the crypto community as more and more prominent banks — like Capital One — are denying Bitcoin transactions. With the transparency and security provided by Bitex and the Bitcoin network, Argentina residents are making use of it as a method of reliable international payments. Bankera also offers an exchange service for their customers, this can be used to exchange both cryptocurrencies and tokens. All listed institutions are for informational purposes only and should be treated as such. This is also not an endorsement for any of the banks on our list. The operational arm of SpectroCoin, Bankera seeks to be a fully-functional bank that offers payment accounts, interbank foreign exchange rates, debit cards, lending—allowing altcoins as collateral—and payment processing. They are another example of the increasingly popular mobile banks which have been causing headlines all over the world, with their target market being freelancers and small businesses. With the recent downturn in the cryptocurrency market, banks are starting to announce that they would no longer support Bitcoin purchases with credit or debit cards. BNK holders will then have the ability to trade their token for other cryptocurrencies without commission fees.