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In short, we are a blockchain technology company that has started the authorisation process to be a utility bank in the UK.
We want to enable innovators and future thought leaders to focus more on the quality and strength of their proposition. We will help them do that in two ways.
First, actors in the crypto economy should not have to worry about getting a business bank account or the stress of it being closed at short notice due to unjustified ‘risk’. Having an operational commercial bank account in our opinion is a basic right that should not be denied to crypto companies because they are doing something new. At the same time, the bank model is outdated. We are engineering our utility bank to use blockchain technology and build upon decentralised mechanisms that can remove inefficiencies that exist today.