How are you different?
We are seeking to provide global cryptocurrency banking alongside traditional banking services. Fundamental to our proposition will be establishing a UK domiciled and authorised bank.
Why will you do well?
Uniquely, we aim to provide specific rewards for people holding their cryptocurrencies with us, and we will make paying for goods and services using your cryptocurrencies available at all merchants incl. online purchases. We will provide one place for people to manage their digital currency assets alongside their fiat holdings, allowing customers to seamlessly move between each as well as provide atomic swapping of the top cryptos. We will provide incentives and information to motivate, educate and enable people to participate in the market.
Where are you based?
We will initially be a London based and key to our proposition is becoming a UK regulated banking entity, a process already well under way. with aspirations to grow and extend internationally. The crypotbanking side of the project will be global in reach, and consumers from all over the world will be able to use its services.
The UK #government recently announced a new #digital strategy push to trial #Blockchain #technology. #Cryptov8 will transpose best industry practices to the #cryptocurrency market so that we can lead the way in
becoming a strongly reputable and trusted custodian in the industry. pic.twitter.com/UagNlKEA0f
— Cryptov8 (@cryptov8) June 29, 2018
When was the company launched?
Cryptov8 was formed especially for the ICO, however, the project has been in progress since 2015. A consumer credit licence was granted by the UK regulators in 2016 but we have rescinded this now, seeking a full scale banking licence.
What have been your biggest wins to date?
The regulated bank side of the proposition has been communicated to the PRA and FCA back in 2017, initial feedback has been very positive and we were commended for the most comprehensive initial presentation.
Due to the expected growth on our Cryptov8 #ICO Discussion Group, we have upgraded to a public supergroup to manage the demand. Join us there and be part of our growing #crypto community! https://t.co/R7XZSwYsOK #blockchain #cryptocurrency
— Cryptov8 (@cryptov8) July 2, 2018
Who are you trying to attract to your product?
Existing crypto participants, and also a broad demographic of the 300m-500m prospective customers who find it difficult and uncertain entering the crypto world but are excited by the prospect of doing so. People who have an interest in good customer service and great opportunities to participate in the cryptocurrency market.
What tips would you give to others looking to build their business?
It is time to embrace blockchain technology, the banking sector is already being subjected to open banking regulations like PSD2 and blockchain provides the precise technology to meet those needs.
Tell us about your team?
A well-balanced team that is made up of a series of seasoned bankers and personnel who have been involved in the financial services arena for decades as well as technologists and cryptocurrency/blockchain enthusiasts.
What are your plans for the future?
Our immediate term plans are to begin the launch of cryptobanking services using a phased approach, whilst we seek authorisation to mobilise the regular banking project from the UK authorities. Whilst the traditional banking services will be offered in the UK, the cryptocurrency portfolio of services can be offered globally.
What are your favourite tech gadgets?
Amazon Echo (or Alexa), Fitbit, Bayan Bluetooth outdoor speakers
What tech gadgets do you wish you could use to help you?
Extending Amazon Echo to control more household gadgets!
How do people get in touch with you?
Youtube (Explainer Video): https://www.youtube.com/watch?v=FWPIbOE_O80&feature=youtu.be
Email: [email protected]
Telegram (News Announcements): https://t.me/cryptov8
Telegram (Discussion Group): https://t.me/joinchat/F7yFjxIw9voJfRygPbfyJw