![]() Consumers now have more freedom in managing their own cash and other digital assets such as domain names. With this new legislation, banks will just become utilities that move money around in the background. The European Union has recently adopted new legislation that allows financial institutions other than banks to open up Basic Payment Accounts for their clients. It is a move that is disrupting the global banking industry.īanks have always had a monopoly when it comes to storing people's money. Today the Dutch company Bitsafe, headquartered in Amsterdam and regulated by the Dutch Central Bank, is paying homage to their roots and again making history as the very first company to offer payment accounts to anyone in the world. The very first joint stock company worldwide was also founded in Amsterdam. ![]() In the sixteenth century it was the Provinces of the Netherlands that were the very first ones globally to introduce new financial instruments such as promissory notes and life annuities. This results in zero credit risk and immediate availability of funds," Zuurbier continues. Funds in accounts are not stored with another bank, but with the central bank we work with. "All Bitsafe accounts will bear a unique Dutch IBAN. Thanks to new European legislation, Bitsafe is now able to accept customers from all over the world," says Joost Zuurbier, CEO at Bitsafe. "Residents of a given country are usually limited to opening a bank account with a bank in their home country or region. Open a Bitsafe account today on It will be a privilege to have you on board. Open a Bitsafe account today on It will be a privilege to have you on boardīanks have always had a monopoly when it comes to storing people’s money. The new Bitsafe accounts were showcased during the Benzinga Fintech Summit event that was held in downtown San Francisco, a mere stone's throw away from the location where Bitsafe originally started in 1998.īanks have always had a monopoly when it comes to storing people’s money. Every Bitsafe account comes with a unique IBAN which allows sending and receiving payments globally, including to and from the SEPA region. Bitsafe account holders can make deposits, make payments and withdraw funds. If Bitsafe is unable to identify you with the Bitsafe App we will ask you to send documentation by email, regular mail or courier.īitsafe talent account holders can optionally apply for a Bitsafe Debit Card.A Basic Payment Account works just like a local bank account. Furthermore the identification process includes creating a selfie while Bitsafe’s technology is matching biometric information from your face with the information provided on your identification document. Bitsafe always recommends to use your passport during this identification process. The identification process includes a check of your identification document, which could be a passport or driver’s license. You can be identified using the Bitsafe App, available in the App Store for both iOS and Android. Bitsafe Payments is supervised by the Dutch Central Bank. Bitsafe Payments is a regulated financial institution and has an electronic money institution license. This way you are always able to verify your incoming or outgoing payments.Ī Bitsafe talent account is a Basic Payment Account, which is comparable with a European bank account. ![]() Incoming and outgoing transactions are visible in their respective currencies and amounts. Bitsafe’s got talent! Talent accounts are accounts where your balance is visible in your own local currency, but where your money is kept safe in euro. If you are a musician, vlogger, video artist, influencer or adult talent, this account is suitable for you. Bitsafe only has usage fees (payment fees) based on the transactions in the account. There is no fee to open the account, no monthly fee and no annual fee. All talent is welcome to open an account with Bitsafe. Companies cannot open a Bitsafe talent account. A Bitsafe talent account is an account for individuals.
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