Monaize Provides E-Banking Solution for Business
Cryptocurrency banking is become more common nowadays as more and more cryptocoins developers try to provide this service. One of them is Monaize and it actually offers something dfferent compared to other similar system. Monaize is developed to give services that traditional banking system are unable to provide, for example lack of transparency. Just like other cryptobanking service, Monaize is based on blockchain so it is decentralized and the system is also more transparent. Furthermore, it will also be able to cut since all the transactions are done via mobile platform. It aims to change how the industry works to serve customers and also to create new things that make cryptobanking easier and more accessible for everyone.
What Makes Monaize Different
The main difference between Monaize and other cryptobanking service is it is specially designed for business. Unlike other similar services, only directors of British company eligible to open Monaize account. Furthermore, the account holder also has to reside in the UK. Those who are interested to open the account must be able to provide company name along with its registration number, passport of the company Director as well as proof of address. However, even though the account holder must reside in the UK, the service can be used for various business transactions worldwide. As for now, Monaize only provides only allow people to open business account. It seems like it will stay that way since the service is focused on business.
Furthermore, Monaize also focuses on mobile banking. All the services can be accessed via mobile, which is actually fits with the current trend and gives freedom for business owners who are constantly on the go. However, it is not a full-fledged banking service since it doesn’t really focus on credit and lending. Actually, it also offers lending solution soon in the future, but it is in a form of a crowd lending instead of the usual cryptocurrency based lending.
Monaize Products
There are three main features that the account holder will receive. Firstly, it is the mobile application. It is a given for a service that is 100% based on mobile. The application is very user friendly and the account owner can easily download it on Google Play Store. The application provides monthly statement and adaptable security setting. Furthermore, the users also will be able to use the mobile application contact customer service and check recent transaction.
Furthermore, the account holder also will get UK IBAN (International Bank Account Number) right when opening the account. This account number will be able to let you receive and send money to and from anywhere around the world.
Last but not least, the account holder also will receive Monaize Business MasterCard. The versatile card will let the users make free payment and also unlimited payment within SEPA (Single Euro Payment Area) region. Speaking of SEPA region, Monaize account holders are entitled for free payments, transfers and also withdrawals on the aforementioned region. In the future, there are three features that Monaize will launch to provide better services for its clients. Those services are crowd lending, more payment solutions and professional business insurance.
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