Everex is part of the go-to-market program for businesses which successfully accelerates B2B FinTechs and facilitates companies such as Everex to enter the German market.

‘Accelerator Frankfurt’ has access to an outstanding network of those who have already succeeded in Europe’s biggest market. Connecting Everex to banks and other financial institutions in need of a blockchain solution is an amazing opportunity for us to explore new markets and to provide blockchain payment solutions in order to innovate the way financial transactions are done — making single payments and cross-border money transfers easier, cheaper and faster.

Everex COO, Evgeni Miktov with other selected business managers at Accelerator Frankfurt

Why Germany is Everex’s next strategic destination?

Frankfurt is the financial hub for Germany and has a vital role in the resurgence of the markets in the post-Brexit era, making it a more obvious centre for financial institutions to exit London. Most of the big names of international banking sector are represented in Frankfurt with hundreds of commercial banks and branches of foreign central banks. Everex aims to partner up with licensed financial institutions and to provide our white-label blockchain solution.

A report from a consultation involving lawmakers and the lobby group Blockchain Bundesverband highlights a positive future for the blockchain technology, with the group describing how the government “welcomes the Blockchain industry” which makes Everex’s future operations legitimately easier to implement. In tandem with the regulators, companies in Germany are exploring the endless possibilities of integrating blockchain into their businesses. For instance, Porsche recently became the first automobile manufacturer to implement and successfully test blockchain in a car, which makes us believe Germany is a perfect gateway into the European operations.

PSD2 and Blockchain

Furthermore, with the introduction of PSD2 — the Revised Payment Service Directive by the European Commission to improve innovation and improve the security of internet payments and account access within the EU and EEA — we strongly believe that Europe is undergoing a considerable shift in regulation that will fundamentally impact the payment landscape.

This new directive effective from January 12th, 2018, will put B2B focussed businesses like Everex in the frontline of bringing innovative changes to the ever changing Payments industry in Europe.

Banks are now being requested to give up what has been treated as proprietary — customer data, which was a vital component of their competitive advantages when it comes to having access to an exclusive client transaction history. This will definitely give a boost to blockchain-powered companies like Everex to broaden business opportunities and to offer financial services based on the blockchain technology providing blockchain-enhanced security. Everex has the potential to tap into this new system and provide an opportunity to preserve a semblance of anonymity within the payment landscape and help our society to go cashless.