Barely a month after going into operation, Swiss crypto bank SEBA appears to be making some serious inroads.
According to The Block, the Zug-headquartered startup has expanded to nine new countries, allowing companies and institutionals from Hong Kong, Singapore, the U.K., Italy, France, Germany, Austria, Portugal, and the Netherlands to create accounts with the bank.
The bank provides corporate accounts to Swiss blockchain firms and their employees, as well as services such as the SEBAwallet app, e-banking, and SEBA card. Customers can manage five cryptocurrencies, including bitcoin (BTC), ether (ETH), and Stellar (XLM), convert them into fiat and back to crypto through their products.
“More than 10 years after the invention of Bitcoin, there is still a tremendous gap between traditional banking on one side and decentralized finance on the other side,” SEBA said in a statement. The company added that it is their aim to bridge that gap.
Photo: Alan Lam