Thinking Crypto
@thinkingcrypto·193K subscribers·4.2K videos
Bankera Acquires Pacific Private Bank and will Connect it to the Ripple Network!
Posted
February 18, 2018
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Bankera is digital bank. “Banking for the Blockchain Era”. They have officially acquired Pacific Private Bank.
Pacific Private Bank was founded in 1997 and has over 21 years of experience, specializing in asset and wealth management services for private clients.
Bankera's team will empower the Pacific Private Bank with bank-level blockchain technology. In order to do so, one of the first steps to be done is to connect the Pacific Private Bank to the Ripple network
Bankera is dedicated to building a fully digital bank without the costly limitations of physical branches that will one day represent a single destination for a complete range of financial services. It operates as a fork of SpectroCoin, which has a bank-like infrastructure with more than 700,000 clients and five years of maturity in the cryptocurrency market.
With this technological strength, Bankera will augment Pacific Private Bank with bank-level blockchain tech, beginning with a first step of connecting the bank to the Ripple network, simultaneously facilitating cross-border, low cost and ultra quick transactions together with sophisticated blockchain-based identity management and KYC/AML solutions for client onboarding. Ripple has already received the attentions of global banking leaders such as UBS, UniCredit, Santander and Standard Chartered.
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