What to Know:
Singapore-based Pave Bank recently raised $39M in its Series A funding round led by Accel, a venture capital firm.
The bank, which brings together traditional and programmable banking solutions, is the latest in a string of companies bringing together the world of TradFi and blockchain technology.
This also signals greater interest among institutions in the speed and convenience that blockchain technology provides.
Pave Bank, which has a banking license from the National Bank of Georgia and operates an office in London, offers corporate clients a wide range of solutions that bridge traditional banking and blockchain technology.
In addition to deposits, payments, and foreign exchange, Pave Bank also handles transactions involving regulated digital assets.
The bank’s latest funding brings its total stash to $45M, which will allow it to expand to more countries and territories, including the United Arab Emirates, Hong Kong, and Europe.
With funding from the likes of Accel, Tether Investments, and Wintermute, Pave Bank signals that traditional banking and blockchain technology can co-exist and add a new level of convenience to clients.
While traditional banks and institutions are catching up on blockchain technology, many consumers have yet to do the same. However, it’s only a matter of time before cryptocurrencies become a part of everyday life.
It’s available for both iOS and Android devices, featuring an easy-to-navigate interface – you’ll be set up in minutes.
You can also do more than just store your crypto in the wallet. Here, you can buy, swap, stake your coins and more, all via the convenience of Best Wallet’s mobile-only app.
If you prefer, you can stake your tokens to earn passive rewards. Currently, the staking rewards are set at 79% p.a., although this will change as more investors lock their tokens in the staking pool.
To date, the Best Wallet Token presale has already raised $16.6M+. Similar to Pave Bank’s fundraiser on an institutional level, this is a strong signal that demand for a secure and user-friendly wallet is growing among retail investors.
Don’t delay, however, because there’s another price increase happening in just a few hours. Now’s the time to lock in $BEST tokens at their current price before it’s too late.
