Is This the Future of Fintech? Integrating Crypto and Traditional Economies

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Key Takeaways:

  • Bankera is a startup based in Vilnius, Lithuania, aiming to build a digital bank for the blockchain era.
  • The company intends to integrate traditional and crypto economies, providing a comprehensive financial solution.
  • Services offered include payments, exchange solutions, loans, deposits, and investment solutions, with crypto-friendly options throughout.
  • Founders Justas Dobiliauskas, Mantas Mockevičius, and Vytautas Karalevicius originally developed SpectroCoin – a cryptocurrency brokerage service – laying the foundation for Bankera.

Introduction

As technology rapidly transforms the financial landscape, a new player, Bankera, is positioning itself to be the bank of the future. Based in Vilnius, Lithuania, Bankera is a fintech startup set on building a digital bank for the blockchain era. The company’s ambitious objective is to merge traditional and crypto economies, and become a cornerstone for all financial services. Interestingly, the concept of Bankera initially sprouted in 2013 with SpectroCoin, a successful cryptocurrency brokerage service founded by Justas Dobiliauskas, Mantas Mockevičius, and Vytautas Karalevicius.

Bankera is leveraging the core infrastructure and expertise developed by SpectroCoin over the past six years. The platform offers practical solutions, serving as a bridge between traditional banking systems and the promising world of the blockchain. Exploring beyond pure payment processing, Bankera’s services aim to encompass a broad range of financial functionalities, with a vision of becoming a comprehensive one-stop-shop for financial services in the digital era.

Differentials of Bankera

What truly distinguishes Bankera from its competitors is its extensive suite of both traditional and crypto-friendly financial services. This wide range includes payments (with personal IBAN, debit cards, interbank foreign exchange rates, and payment processing in both traditional and blockchain-based currencies), various exchange solutions, crypto-backed loans for both individuals and businesses, along with a range of low-cost investment solutions such as ETFs, crypto-funds, and robo-advisory for wealth management.

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This breadth and depth of services offered, coupled with a robust underlying technology, differentiates Bankera from the crowd. It allows Bankera to service an extensive customer base blended from the traditional and crypto worlds. By taking advantage of its SpectroCoin backbone, Bankera arms itself with an edge; it cruises into the uncharted waters of the blockchain-era banking with confidence and determination.

Conclusion

Bankera seems to be on a trajectory to disrupt the fintech landscape significantly. It renders a vision of a future where traditional finances and cryptos are seamlessly integrated, enriching each other. This unique blend of services and products targets individuals and businesses worldwide, offering well-rounded financial solutions, swift transactions, and solid investment opportunities.

Following their ongoing rise, one can keep tabs on Bankera via their official website, or connect with them on various social media platforms including Twitter, Facebook and Linkedin. All this suggests that Bankera’s future is bright, and indeed, they could be the game-changer the fintech industry needs, integrating cryptocurrency and traditional financial systems in a novel pattern.


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