Banking for the Blockchain Era

Warning: This is NOT investment advice and this is NOT a buy/sell call. ProButterflyTM is NOT your investment advisor. The risk of investing in cryptocurrencies and blockchain related startups is extremely high and you may potentially loose all your investment capital. If in doubt on the action you will take, please consult a professional certified financial advisor.

ProButterflyTM has come across a fairly innovative company called Bankera who is attempting to build a blockchain based bank. Bankera will integrating traditional fiat and cryptocurrency related banking services. Bankera is in the process of their pre-ICO followed by an ICO and SCO to raise funds primarily to satisfy capital adequacy requirement ratios and obtaining banking licenses. The pre-ICO will be taking place starting on 28-Aug-2017 at 12pm London time (7pm Singapore time)

Bankera will offer payment accounts (with personal IBAN, debit cards, interbank foreign exchange rates, and payment processing), loans and deposits, and low-cost investment products (ETFs, crypto-funds, etc.). Bankera’s services will support both fiat and cryptocurrencies. We like their believe that both Fiat and Cryptocurrencies will co-exist together rather than how some of their competitors have designed products that support only cryptocurrency. We share the believe that fiat currency is also here to stay for the longer term.

What we like about Bankera is that it already has basic working product in the form of SpectroCoin which means that they are already have web-based bitcoin wallet and exchange provider already ready. Having this basic working product would put them ahead of the competitors as they would need time to catch up. Its closest competitors that we are aware off are Change, OmiseGo and Ploybius which are now working on launching their products. Other companies competing on a smaller scale with cryptocurrency debit cards includes TenX, Monaco, Bitwala and SHIFT. Bitwala and SHIFT already have working products but have not announced their intentions to be a full bank.

After the ICO, the company’s key objective will be to obtain a banking license in the EU. Most of the capital raised in the ICO will go towards satisfying capital adequacy requirement ratios and obtaining banking licenses as well as membership in financial networks such as card schemes and remittance channels.

Bankera appears to have a strong team including advisors Lon Wong (President of the NEM.io Foundation, CEO of Dragonfly Fintech), Antanas Guoga (Member of the European Parliament), Eva Kaili (Member of the European Parliament, chairman of the EP’s scientific foresight unit), Modestas Kaseliauskas (former Director General of the State Tax Inspectorate (STI) in Lithuania (2005-2014)), Damon Rasheed (CEO and founder of Rate Detective).

Bankera's pre-ICO has attracted our attention because of the fact that it has a ready product, strong team and sound fit of blockchain application and offering a service that is of need to the community. It's product is likely already years ahead of its competitors.

Having shared are positive views on Bankera, we wish to inform readers that investing in early stage blockchain startups and cryptocurrenies are extremely high risk and you may loose all your investment capital as you it is close to impossible to foresee if the company would continue operations years from now. It is also unclear if Bankera will be able to successfully secure the banking license as such regulatory approvals could drag on and take significant time to receive approval.

We encourage subscribers to thoroughly read through Bankera's site, whitepaper, ICO modal and independent reviews from 3rd party regarding Bankera's ICO which can be found in the links below. Join their Slack channel to find out more, post your questions and have them answered.

Main ICO Page: https://bankera.com/

Bankera's Slack Channel: https://bankera-slack.herokuapp.com/

YouTube Video About Bankera: https://www.youtube.com/watch?v=b5osUZCFuBE

Bankera's ICO Structure: https://medium.com/@Bankera_blog/updated-bankeras-initial-coin-offering-scheme-e7eaa0f2d72d

Independent Review of Bankera's ICO: https://coins.best/ico-reviews/bankera/

In order to participate in Bankera's pre-ICO, you will need to open a SpectroCoin account here at SpectroCoin.com. Fund your SpectoCoin account with Bitcoins, Ethereums or any supported cryptocurrency of your choice. On 28-Aug-2017 at 12pm London time, the Bankera pre-ICO where you will be able to purchase your Banker tokens. In order to purchase your Bitcoins or Ethereums from exchanges such as:

You should only invest if you have thoroughly understood Bankera's offering, are in alignment with thier story, comfortable with the investment and prepared to loose all your capital should they fail to deliver on thier promise. Do not invest in what you do not understand. Do also read and understand the MAS consumer advisory regarding digital tokens before investing:

If you are new to Bitcoins, Etheruems, Cryptocurrencies and the Blockchain, do read our introduction articles here:

We reiterate that this is NOT investment advice and this is NOT a buy/sell call on Bankera. ProButterflyTM is NOT your investment advisor. The risk of investing in cryptocurrencies and blockchain related startups is extremely high and you may potentially loose all your investment capital. If in doubt on the action you will take, please consult a professional certified financial advisor.

Disclosure Statement

The views and opinions expressed herein are those of Tam Ging Wien (“the author”) and do not necessarily reflect the official policy, position or view of the author’s employer, organization, committee or other group(s) or individual(s).

The author and founders of ProButterflyTM intends to participate in Bankera's pre-ICO.