WEG BANK TO OFFER CORPORATE CRYPTO ACCOUNTS FROM 1ST MAY

TokenPay partner WEG Bank has announced the imminent public launch of corporate crypto accounts.

TokenPay broke the news on Twitter on Saturday. According to the bank, special B2B SEPA corporate accounts will be available to selected European fintechs as of 1^st May.

#TokenPay partner WEG Bank announces the public launch of #Crypto corporate bank accounts.🏦 People do not realize how much work goes on behind the scenes making this happen. This started with a phone call in 2017 and now it is a reality. Thanks to @LiskHQ for a successful pilot. https://t.co/P7TJ3H6yjI

— TokenPay 🛒 (@tokenpay) April 20, 2019

Germany-based WEG Bank bills itself as “bridging the gap between traditional banking and digital currencies” while TokenPay advertises itself as the “the world’s most secure coin and payment platform”.

AYO.NEWS says:

The rapidly emerging crypto and fintech sectors need reliable banking partners, and though its still a niche, it’s a critical step on the path to true mainstream integration of the traditional banking and digital asset worlds. As we’ve said time and again at AYO.NEWS, despite all the negative mainstream press coverage of cryptocurrencies over the past year-and-a-half, infrastructural developments and investment has been continuing behind the scenes, laying the foundations for the next stage of the crypto revolution.

Just last week AYO.NEWS reported that the UK’s largest business travel management company, Corporate Traveller, had partnered with blockchain payment provider BitPay, enabling businesses to pay for their travel using bitcoin (BTC) and bitcoin cash (BCH) – read more.