![]() In the last 20 years it has operated as payment service provider for high-risk merchants and processed for tangible and intangible products and services online. Our mobile application, available for both Android and iOS, allows us to identify our account holders fast and efficiently, without a face-to-face meeting."īitsafe is registered as a regulated Payment Institution. "We have developed a proprietary artificial intelligence technology that has adopted the latest anti-money laundering regulations and can detect illegal activity before a transaction is added to our ledgers. "Opening our accounts to the entire world means that we need to take additional steps to prevent abuse and money laundering ," says Marcel Trik, CFO at Bitsafe. Consumers now have more freedom in managing their own cash and other digital assets such as domain names. With this new legislation, banks will just become utilities that move money around in the background. The European Union has recently adopted new legislation that allows financial institutions other than banks to open up Basic Payment Accounts for their clients. It is a move that is disrupting the global banking industry.īanks have always had a monopoly when it comes to storing people's money. Today the Dutch company Bitsafe, headquartered in Amsterdam and regulated by the Dutch Central Bank, is paying homage to their roots and again making history as the very first company to offer payment accounts to anyone in the world. The very first joint stock company worldwide was also founded in Amsterdam. In the sixteenth century it was the Provinces of the Netherlands that were the very first ones globally to introduce new financial instruments such as promissory notes and life annuities. This results in zero credit risk and immediate availability of funds ," Zuurbier continues. Funds in accounts are not stored with another bank, but with the central bank we work with. "All Bitsafe accounts will bear a unique Dutch IBAN. Thanks to new European legislation, Bitsafe is now able to accept customers from all over the world ," says Joost Zuurbier, CEO at Bitsafe. "Residents of a given country are usually limited to opening a bank account with a bank in their home country or region. The new Bitsafe accounts were showcased during the Benzinga Fintech Summit event that was held in downtown San Francisco, a mere stone's throw away from the location where Bitsafe originally started in 1998. Every Bitsafe account comes with a unique IBAN which allows sending and receiving payments globally, including to and from the SEPA region. Bitsafe account holders can make deposits, make payments and withdraw funds. A Basic Payment Account works just like a local bank account. Please check the laws and regulations outlined by Law Enforcement Agencies in your local jurisdiction before purchasing and keeping the product in possession.SAN FRANCISCO, Nov. 14, 2018 /PRNewswire/ - During the Fintech Week in San Francisco the Dutch fintech scale-up Bitsafe opened up registrations for its borderless Basic Payment Account to anyone in the world. Flipkart does not represent or warrant that the customer may legally purchase, own, or possess the product. It is the responsibility of the customer to handle the product with due care and its intended and legitimate use as a tool. Flipkart shall not assume any consequences, loss, damage or injury, that may arise from the violent or illegal use, or misuse of the product sold by the independent Sellers on the Flipkart platform. Further, you represent that you will take such steps as may be reasonably necessary or required by applicable law to keep the product out of the hands of minors, untrained and/or unsound mind individuals. You undertake that you will use the product for domestic, and/or agricultural purposes only and in a safe and legal manner, consistent with all applicable laws, safety rules, and good common sense. You, the customer hereby represent and undertake that you are of legal age for purchase and use of this product.
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