NextBank Receives $1.4M in Funding

nextbankNextBank, a Vanuatu-based Bitcoin bank, received $1.4m in funding.

Two unnamed European venture capitalists made the investment acquired a 4% of the company.

Having previously received $0.95m, NextBank has now raised $2.35m in total.

Led by Dim Voloshinsky, the company aims to provide advanced banking services for Bitcoin and cryptocurrency clients around the world. According to a note, the accounts will be able to support 75+ currencies and precious metals. The bank will also offer global Debit Cards, accounts denominated in both fiat such as USD and various cryptocurrencies, SWIFT transfers, an escrow service, currency exchange, etc..

NextBank says it will be operational in 2016 establishing offices in the UK, France, Germany, Spain, China, Malaysia and Russia during 2017.

FinSMEs

26/11/2015

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