“We havedeveloped a proprietary artificial intelligence technology that has adopted the latest antimoney laundering regulations and can detect illegal activity before a transaction is added toour ledgers. “Opening our accounts to the entire world means that we need to take additional steps toprevent abuse and money laundering.“, says Marcel Trik, CFO at Bitsafe. Consumers now have more freedom in managing their own cash and other digital assets such as domain names. With this new legislation, banks will just become utilities that move money around in the background. The European Union has recently adopted new legislation that allows financial institutions other than banks to open up Basic Payment Accounts for their clients. It is a move that is disrupting the global banking industry.īanks have always had a monopoly when it comes to storing people’s money. Today the Dutch company Bitsafe, headquartered in Amsterdam and regulated by the Dutch Central Bank, is paying homage to their roots and again making history as the very first company to offer payment accounts to anyone in the world. The very first joint stock company worldwide was also founded in Amsterdam. In the sixteenth century it was the Provinces of the Netherlands that were the very firstones globally to introduce new financial instruments such as promissory notes and lifeannuities. This results in zero credit risk and immediateavailability of funds.” Zuurbier continues. Funds in accounts are not stored with another bank, but with the central bank we work with. “All Bitsafe accounts will bear a unique Dutch IBAN. Thanks to new European legislation, Bitsafe is now able toaccept customers from all over the world.”, says Joost Zuurbier, CEO at Bitsafe. “Residents of a given country are usually limited to opening a bank account with a bank intheir home country or region. The new Bitsafe accounts wereshowcased during the Benzinga Fintech Summit event that was held in downtown SanFrancisco, a mere stone’s throw away from the location where Bitsafe originally started in1998. Every Bitsafe account comes with a unique IBAN which allows sending and receivingpayments globally, including to and from the SEPA region. A Basic Payment Account works just like a localbank account.īitsafe account holders can make deposits, make payments and withdrawfunds. During the Fintech Week in SanFrancisco the Dutch fintech scale-up Bitsafe opened up registrations for its borderless BasicPayment Account to anyone in the world. Copy link A decentered black square over a white square.SAN FRANCISCO, California – November 14th 2018. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Facebook Messenger An icon of the Twitter app logo. Facebook Messenger An icon of the facebook messenger app logo. Loading Spinner An icon of a loading spinner. Success Tick Timeout An icon of a greyed out success tick. Information An icon of an information logo. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Video Camera An icon of a video camera shape. Previous An icon of an arrow pointing to the left. Notice An explanation mark centred inside a circle. Next An icon of an arrow pointing to the right. Hamburger Menu Icon An icon used to represent a collapsed menu. Search Icon A magnifying glass icon that is used to represent the function of searching. Magnifying Glass An icon of a magnifying glass. Comments An icon of a speech bubble, denoting user comments. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Breaking An icon of an exclamation mark on a circular background. Pause Icon A two-lined pause icon for stopping interactions. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Is Public An icon of a human eye and eyelashes. Telephone An icon of a traditional telephone receiver. Profile An icon that resembles human head and shoulders. Linked In An icon of the Linked In "in" mark. Facebook An icon of the Facebook "f" mark. Caret An icon of a block arrow pointing to the right. Cancel An icon of a circle with a diagonal line across.
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