Bankcoin Reserve opens up new ways for banks, financial institutions and funds of the world to provide ethical loans and financing that are in line with Sharia — usury-free deposits and loans with no riba or interest rates.

Thanks to Bankcoin Reserve, financial institutions, funds and banks will be able to receive profit from an internal cryptocurrency instead of interest and commissions (usury). The blockchain underpinning the cryptocurrency will streamline the coin creation process and facilitate commission revenue from securing transactions.

The Bankcoin Reserve digital wallet has a built-in block explorer that allows sharia-compliant institutions to track the transactions of their clients.

To learn more about the Bankcoin Reserve project, visit https://bankcoinreserve.io.