Bank Account Opening For High-Risk Blockchain Ventures, Fast On-Boarding Launch
Oct 30, 2023
Independent advisory firm SAXE Global announces its expanded partnership with international banks that serve high-risk blockchain-based businesses.
London, United Kingdom - October 30, 2023 /PressCable/ —
This move aligns with the consultancy’s mission to offer innovative banking services to clients that standard financial institutions hesitate to serve. These blockchain-friendly banks are especially suited for companies that deal with cryptocurrencies, non-fungible tokens (NFTs), and play-to-earn games.
More information about SAXE Global is available at https://www.saxe-global.com/banking
Mark Walsh, Head of Advisory, says the partner banks make it easy for entrepreneurs to serve customers who use fiat currency rather than cryptocurrencies. Moreover, these institutions can assist businesses in navigating the complex regulatory mandates of the financial industry.
While the blockchain industry is still in its infancy, it is growing rapidly. Fortune Business Insights projects that the market will reach over $469 billion in 2030 — a compounded annual growth (CAGR) rate of 59.9%.
Given the high risks involved in a nascent industry, traditional banks are often wary of blockchain-based ventures. To help the industry fulfill its potential, SAXE Global has blockchain-friendly partner banks in territories like the UK, Switzerland, Lithuania, Sweden, Puerto Rico, and Liechtenstein.
All banks issue dedicated international bank account numbers (IBANs), which enable business owners to receive or forward payments anywhere in the world. Moreover, they have access to international banking standards like SWIFT, SEPA, ACH, and ABA, allowing them to accept cross-border payments or fund transfers.
Many of these institutions also allow clients to integrate their existing crypto wallets. As such, they can process direct cryptocurrency payments for faster and more seamless transactions.
Clients can choose physical banks, which offer loans, personalized attention, and added security. Likewise, they can open an account with a digital bank which can be accessed 24/7 online and through apps.
To make the account opening as efficient as possible, all customers will be assigned a dedicated client manager. They will be in charge of collating documentary requirements and shall transact with partner banks on behalf of crypto entrepreneurs.
Walsh says: “We’re excited about blockchain and we’re sure that it will be the future of finance. To that end, we offer banking services that enable you to remove geographic barriers and cater to an ever-growing set of customers.”
For more details about the company and its financial consultancy services, interested parties may visit https://www.saxe-global.com/banking
Contact Info:
Name: SAXE Team
Email: Send Email
Organization: SAXE Global LTD
Address: 13 Hanover Square, Mayfair, London, London W1S 1HN, United Kingdom
Website: https://www.saxe-global.com/
Source: PressCable
Release ID: 89111843
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