CoinsBank launches crypto solution

Giftbox with goods Money2020Europe

Edinburgh-based crypto startup CoinsBank launched this week an all-in-one gateway to blockchain services as part of their official sponsorship of Money20/20Europe.

CoinsBank launched the product by including gift boxes with related gifts in the bags of the 3,000 participants that attended the event. Gifts included a debit card, a gift certificate of 0.1 BTC and an invitation to CoinsBank’s blockchain summit to be held in October.

The goal of the platform is to combine the elements of the cryptocurrency and traditional financial ecosystems and create a seamless experience for users to manage their cryptocurrencies. “Getting started with bitcoin and other cryptocurrencies can be daunting,” said Ronny Boesing, CEO of CoinsBank, in a press release sent to CoinReport. “Whilst they offer many advantages in theory, in practice the challenges involved in both acquiring and using them can put off new users.”

The gateway will provide users with a digital wallet, trading exchange, mobile app, physical payment cards and tools for merchant integration. CoinsBank will also support all major currencies and include different deposit/withdrawal methods. Users will be able to send and receive money in both local currencies and cryptocurrencies including bitcoin, ethereum and litecoin.

Image courtesy of CoinsBank