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These Crypto Services Can Potentially Replace Local Banks

Ever wondered how crypto services can potentially replace local banks? Bitcoin and altcoins provide a more convenient way for you to access and transfer monetary value. However, there may still be a need to access a regular bank account once in a while. And when that time comes, you can fall back on the best crypto-friendly services and banks. Some of them are:

Wirex

Wirex is a UK FCA-licenced digital payment platform based in London, UK. Founded in 2014, users can buy/send cryptocurrencies and fiat around the world using Wirex. There’s also the Wirex card that supports 12 digital and traditional currencies. Hence, you can spend your assets at any convenience store. The cryptocurrencies supported on this platform include Bitcoin, Ethereum, and Litecoin.

Bitwala

Bitwala is a Blockchain banking service based in Berlin, Germany and it was founded in 2015. They allow customers to buy/sell Bitcoin and Ether using their bank account. If you choose to sell either of these assets, the money goes directly to your bank account. There’s also the Bitwala MasterCard that enables you to pay for goods and services online and offline.

Cashaa

Cashaa is a Blockchain-based Forex platform that is based in London, UK. Founded in 2016, Cashaa offers its users a crypto-friendly business account which enables them to buy Bitcoin, Ether, and XRP via debit or credit card. Interestingly, the platform supports over 200 countries.

Revolut

Revolut is a UK-based cryptocurrency friendly bank that was founded in 2015. The platform offers three different accounts and these are Standard, Premium, & Metal. You get to choose an account type depending on how much in crypto or fiat you’ll like to send abroad. What’s more, you can covert over 30 currencies into Bitcoin, Litecoin, Ethereum, Bitcoin Cash or XRP on this platform.

Piixpay

Piixpay serves as a cryptocurrency bank. And if you’re looking for a convenient platform to convert your Bitcoin, Litecoin, or Dash to Euro, here’s one to try. In line with that, you can pay bills, invoices, and make other recurring payments with these assets. There’s also an Instafill option on Piixpay. This automatically funds your account with fiat as you get a Bitcoin, Litecoin, or Dash debit on an address you own.

Mistertango

Mistertango is a crypto-friendly payment processor based in Lithuania, Europe and it was founded in 2014. The payment processor is a licensed electronic money institution (EMI) and it allows users to send money to any Bitcoin address. Much more, you can convert the Bitcoin you receive to Euro before withdrawing it to your bank account. Mistertango also allows you to manage your online payments using a computer, smartphone, or credit card.

Simple

Simple is a US-based crypto-friendly bank and an FDIC backed/insured bank designed for US citizens. The best thing about this platform is its offer of a seamless way to manage your expenses. You’re able to set goals of the things you’ll like to buy in the near future.

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