Published on July 13th, 2018 | by bitcoin0
In Finance Malda, supporting the first authorized bank of the word
Malta-based Founders Bank is to become the first community-owned decentralized blockchain-friendly banking institution in the world’s history.
As it has been announced, one of the world’s major cryptocurrency exchanges by traded value Binance will become one of the key investors funding the launch of the first-ever decentralized bank.
The future Founders Bank will be hosted by the crypto-friendly island of Malta that has recently made the headlines thanks to its openness for crypto and blockchain initiatives.
And now Binance is among the investors backing the Founders Bank that after getting a license from regulators in Malta and approval from the European Central Bank will become be the first decentralized and community-owned bank in the world, opening new opportunities for the possible future of the banking industry.
Speaking about their project, Mr Michael Bianchi, Chairman and Co-founder at Founders Bank, said:
“Founders Bank is the missing piece of #BlockchainIsland on Malta.