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Crypto Friendly Digital Bank Arival Accepting Investment Reservations on SeedInvest for Upcoming Crowdfunding Round

via Crowdfund Insider

Digital challenger bank Arival is now accepting reservations for preferred stock on SeedInvest.

Arival will be a crypto-friendly bank – unlike most traditional banks in the United States which tend to be crypto-averse.

The bank was founded on the notion that banks in many places around the world are closing accounts of crypto-related businesses as they are fearful of any collateral ramifications to holding these types of accounts. Arival says they surveyed “hundreds” of Fintech and blockchain startups in their network and 90% indicated they have encountered problems in some capacity.

But it is not only the crypto-sector that Arival wants to service. The digital-only bank wants to provide banking services to all SMEs and GIG economy companies seeking an alternative to the high cost, low service, experience of traditional brick and mortar banks. (more…)

Banks, Crowdfunding/investing, Cryptocurrencies, Hotnews

June 12, 2019

909

New Medici Bank launches with crypto-friendly outlook

via CoinGeek

A descendent of the famed Renaissance banking family, the House of Medici, has launched a new bank in Puerto Rico with a pledge to accept business from cryptocurrency firms.

Medici Bank has been launched by Prince Lorenzo de’ Medici, and was “born out of frustration with the current financial services landscape.” According to the launch announcement this week, the bank will offer cheaper fees, faster services and greater transparency for its customers. (more…)

Banks, Blockchain, Cryptocurrencies

May 10, 2019