• Days
  • Hours
  • Mins
  • Secs
  • Wed, 18 Sep 2019, 07:37 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Coinfloor, Enumis team up to offer crypto-friendly current accounts

Thu, 30 May 2019, 03:33 am UTC

London-based bitcoin exchange Coinfloor has teamed up with Enumis, an electronic money institution, to offer bank-like accounts to firms handling cryptocurrencies.

Crypto-focused businesses are growing at a steady pace, but until now, no reliable banking facilities have existed to help them manage fiat and crypto finance operations in an effective manner,” Obi Nwosu, Coinfloor Founder and CEO, said in a blog post.

According to CoinDesk, Coinfloor will receive a fee from Enumis for every successful referral of reputable crypto-focused businesses that open current accounts.

Being insiders in the crypto space we are aware of crypto companies operating as good and compliant custodians and so we will vet and review these and recommend them to Enumis for onboarding,” Nwosu told the media outlet.

As per its press release, the new fiat current accounts, which is designed for crypto businesses, will allow users to deposit and withdraw funds via CHAPS, BACS, and UK Faster Payments. The current accounts, which is the UK equivalent of checking accounts, are available online and will have basic bank features and advanced functions such as pragmatic API access.

Enumis is also offering prepaid/debit cards to all current account holders which will provide a 0.2% rebate on all transactions.

We hope that this offering designed by members of the crypto community for the community will help the community of crypto businesses overcome their financial limitations and drive the crypto economy forward,” Nwosu added.

As previously reported, British investment bank Barclays co-led Crowdz’ latest $5.5 million Series A investment round. The blockchain-based trade finance startup aims to revolutionize the $9 trillion receivables market through its platform Invoice Exchange, which is a built-in business-to-business (B2B) payment gateway.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,254.60 (+0.03%)
  • Ethereum (ETH) $214.55 (+7.89%)
  • XRP (XRP) $0.305500 (+15.74%)
  • Bitcoin Cash (BCH) $325.42 (+5.35%)
  • Litecoin (LTC) $75.91 (+3.89%)
  • Bitcoin (BTC) $10,254.60 (+0.03%)
Sep 18, 2019 (Wednesday)
Crypto exchange Binance.US to not launch in 13 U.S. states
VanEck, SolidX pull out bitcoin ETF proposal from SEC
Crypto Technicals: XRP/USD cools slightly from 6-week highs at 0.3129, finds stiff resistance at 21W EMA (0.3186)
AssetBlock launches new property trading platform tokenizing $60M of real estate on Algorand's blockchain
'Big Four' auditing firm Deloitte lets employees pay canteen food in bitcoin in a trial run
Former CFTC chairman 'crypto dad' J. Christopher Giancarlo joins Chamber of Digital Commerce's advisory board
Coinbase Vice President Dorothy DeWitt to lead CFTC market oversight
Japan's LINE launches crypto exchange platform Bitmax
Crypto Technicals: ETH/USD breaks above 200-DMA, hits 5-week high at 215.00
Sep 17, 2019 (Tuesday)
Wells Fargo to pilot internal blockchain-based digital currency for payments
Marsh, Arch Insurance (UK) Limited launch insurance solution for digital assets ‘Blue Vault’
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto exchange Binance backs Chinese crypto news portal Mars Finance
Crypto Technicals: XMR/USD rejected at 200-DMA, scope for resumption of weakness
Hedera Hashgraph blockchain goes live with 26 dapps
Crypto Technicals: Ethereum pauses shy of $200 mark, set to extend bullish momentum
Harbor tokenizes iCap Equity’s $100M real estate funds using ethereum blockchain
Crypto Technicals: BCH/USD fails to extends weakness below 200-DMA, retrace above will see upside resumption
Women in Leadership: Publicis Sapient hires Merril Lynch veteran Priya Bajoria as SVP Financial Services
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.