The advent of blockchain and cryptocurrency has seen several industries disrupted like never before, including finance.
Notoriously resistant to change on any real scale, finance has always been seen as a tough industry to bring new ideas into, but blockchain has changed the game in many respects.
Today we’re seeing an influx of agile digital challengers to the established names that have dominated banking for so long.
Recently a report was published by consultancy company A.T. Kearney that claims “Not all banks will survive the tide of change as customers increasingly favor digital banks and innovative products and services.
“Branch closures are a short-term fix to steady the books, but it is not enough – traditional institutions need to consider strategic transformation to improve cost and top line and also offer more innovative products and services.”
In short, the world of banking is changing, and the following three startups are among the best crypto-friendly banking options for 2019.
Offering customers a VISA card available in three different currencies, Wirex has quickly established itself as one of the most recognized names in crypto finance.
Billed as “crypto and traditional currency accounts that put the power in your hands,” Wirex allows customers to take charge of their entire banking needs from one simple to use platform.
You can fund your account using a credit/debit card, bank transfer, or cryptocurrency, with ability to track payments.
One of Wirex’ unique selling points is the opportunity to earn ‘cryptoback’ by claiming 0.5 percent back in BTC every time you use your Wirex Visa card.
Offering both a virtual and physical bank card, ATRONOCOM provides customers with almost 40 million contact points all over the world where the card can be used.
With five currencies available, and the ability to both buy and sell crypto, with day trading and margin trading in the pipeline, ATRONOCOM really is providing users with a ‘one stop shop’ when it comes to their financial requirements.
The wildcard of sorts for those who opt for ATRONOCOM is the addition of a high-security communication messenger, that comes with connected wallet function. In the wake of the controversy surrounding the security levels of messaging services such as WhatsApp, this function is a welcome addition.
Offering users the opportunity to safely and efficiently buy cryptocurrencies at the touch of a button, Revolut is something of a pioneer when it comes to keeping things simple.
With five of the leading cryptocurrencies on offer, you can convert your fiat currency to Bitcoin, Litecoin, Ethereum, Bitcoin Cash, or XRP and receive rates and alerts in real time.
Customers can set up a bank account directly from their phone in a fraction of the time it would take to do so in-branch and can transfer money all over the world with the click of a button.
The report mentioned above suggests that we will see some pretty significant changes in how we carry out our banking within the next five years.
If those changes are anything like we’ve experienced to this point, we’re in for an exciting ride.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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