The world’s first financial platform uniting cash and crypto has been unveiled by Banxe, unlocking financial potential by giving everyone the power to pay with crypto as simply as traditional payment methods.
Banxe is the unique platform that allows anyone to pay, receive, invest, trade and transfer with both cash and crypto, seamlessly and simply switching between the two regardless of location or currency.
Utilising the latest blockchain, AI and cybersecurity technologies, Banxe is partnered with high street banks as well as renowned exchanges, and supports all Anti Money Laundering (AML) and regulatory requirements. Banxe is also Financial Conduct Authority (FCA) regulated.
Anthony DiMarsico, CEO of Banxe, said: “Our goal was to enable everyone to unlock their financial potential, by providing people with an additional cryptocurrency revenue stream that can be used as seamlessly and legitimately as cash. We have done that by uniting and interlinking the two, transforming the digital finance experience.
“With Banxe everyday expenses such as groceries, transport, fuel and flights can be paid for with either cash or crypto, with one account and one debit card, regardless of geographical boundaries or currencies, safely and securely. The true power of choice in how we pay and exchange money is now upon us.”
A major barrier to the wide adoption of cryptocurrency has traditionally been a lack of understanding of how it works, contributed to by convoluted terminologies and technologies.
Banxe is simplifying the crypto investing processes to democratise digital payments, removing the need for other crypto wallets and accounts.
DiMarsico added: “We believe digital currencies should be accessible to everyone, everywhere, not just those in the know.
“Banxe was created with simplicity in mind. We provide a full, secure and regulated suite of digital financial services in one place.
“Buying, storing and investing can all be done with crypto with just a few clicks of a mouse, on one platform, giving people complete control as to how they simultaneously manage their crypto and traditional finances.”
Banxe’s client’s funds are stored in secure, segregated bank accounts to ensure safety from fraud and other risks. The primary purpose of safeguarded accounts, such as Banxe’s, is to block access to its client’s money from third parties. This means Banxe’s clients’ funds cannot be accessed, by third parties, in any circumstance.