30 July 2018, New York- BANKEX, in association with the MIGRONIS KFT immigration company, the MDL Legal Services PLLC law firm, and in cooperation with the Designated Agency of Vanuatu, has launched a new service which allows persons applying for the Vanuatu citizenship-by-investment program to make the required investment for citizenship via cryptocurrency (Bitcoin or Ether).

Professionals from different companies and countries were involved in the project that designed and implemented the new service for the Vanuatu Economic Citizenship Program. Meanwhile, some Caribbean states are also considering the possibility of accommodating cryptocurrencies and blockchain technology in their CIPs.

BANKEX hopes to further strengthen confidence and trust in the cooperation with the Vanuatu state agency, as well as to present the solution to potential partners in the Caribbean. In addition to the CIP-adopted cryptocurrency payment systems, BANKEX can provide modern integrations of asset tokenization systems, the use of smart contracts in civil turnover, and other solutions for the digital economy.

Along with the technical implementation of the “second citizenship for cryptocurrency” project, BANKEX hopes to provide Caribbean countries assistance in designing relevant legislation for a quicker adaptation to new market trends.

The recent increase of the value of cryptocurrencies creates a new generation of investors and opens up a whole new market for residency- and citizenship-by-investment schemes. The opportunity to obtain a new passport from an independent island nation by using cryptocurrency as a payment method has never been more attractive for everyone involved.

About BANKEX

BANKEX is a global fintech company that operates a Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) and blockchain together and facilitates the digitization, tokenization & exchange of traditional assets.

BANKEX`s end-to-end ecosystem bridges the gap between the emerging blockchain sector and the traditional finance industry with innovative IT solutions.

BANKEX leading technologies include the Proof of Asset Protocol for tokenization, the Plazma Protocol, BANKEX Scan, BANKEX Smart Justice, BANKEX Trust Service and Tokenization engine.

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