What the heck is a Neobank? Glad you asked!
It is a business that is technically not a bank because it does not have a banking license, however it offers many traditional features of a traditional bank such as checking accounts.
Revolut is a British Neobank that will allow customers to buy, sell, hold, and transfer Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH) without the customers needing to register on an exchange. Instead,
Revolut will partner with major exchanges to do the fiat conversions on their behalf.
Revolut says it’s introducing crypto holdings because of “huge demand” from its users. It claims 855,000 customers who have transferred over $4 billion within the app since it launched in 2015. The firm has 3,000 customers signed up to test the crypto feature, and Tuff says the firm gets hundreds of Twitter “favorites” an hour whenever the crypto feature is mentioned.
These Neobanks reduce the current cryptocurrency acquisition hurdles and bring cryptocurrencies like Bitcoin a step closer to the mainstream.
I recently posted other cool ways cyrptocurrency is entering mainstream and being used in art and even Dilbert comic strip:
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Traversing the Cryptosphere,
Kryptonaut
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What the Heck are all these new ICOs...I feel like i cant trust any of them.
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I dont know if i would let them hold my BTC
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