When it comes to the new BANCKED, two things stand out: the financial services expertise of its founders and the advanced tech that makes it run. The new crypto wallet was introduced earlier this year with its aim squarely on giving the unbanked a new way to buy, sell, and manage their currencies in-person, online, and on-device.
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BancKED offers users a non-traditional monetary platform and unified commerce solutions. BancKED was created by a team of forward-thinking banking and financial services veterans who have effectively used blockchain software and advanced digital tools in past ventures. They also have some know-how that many crypto wallets developers lack: a successful track record in protecting customer information and adhering to all U.S. and International regulations along with an expert level understanding of global security as well as regulatory and compliance standards.
BANCKED allows users to buy/sell, trade, manage and calculate cryptocurrencies across borders in real-time without the customary fees and restrictions. Its decentralized global payment solutions help start-ups and enterprise businesses conduct commerce according to their specific needs as the menu of features and functions is readily adaptable. It also takes on one of the common challenges of crypto wallets related to direct fiat settlement. BancKED includes a Fiat Settlement Layer that provides for immediate fiat settlement to the end-consumer via peer-to-peer transfers – thus eliminating the need for crypto conversion.
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The product operates under the premise that traditional banking systems are outdated and that maximizing the power of blockchain technology is the best way to accommodate faster and more affordable payment processing and issuance of digital currencies. BancKED is providing consumers and businesses a product that offers the tools and secure systems that allow them to transfer money abroad at low prices.
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BancKED includes a robust menu of standard features with additional options readily available for sending and receiving payments and converting currencies, tracking payments, and trading. BANCKED offers more than 300 ways to load and off-load funds, supports 85 global currencies, has over 2100 available cryptocurrencies, and converts crypto to 28 local currencies.