SelfKey has already agreed with a Dutch Antilles-based bank and a Cayman Islands-based bank to offer their banking products in the SelfKey Bank Accounts Marketplace at its launch, and accept applications to remotely open bank accounts from customers dealing with cryptocurrencies and companies who have previously done a token sale that successfully meet bank requirements and pass due diligence checks.
In addition to corporate and personal bank accounts, our bank partner in the Cayman Islands will offer a gold-backed loan in the SelfKey marketplace. The gold-backed loan scheme allows account holders the ability to buy pure, physical gold and then obtain a loan of up to 75% the physical gold’s value. For example, a purchase of $10,000 worth of physical gold enables a $7,500 loan. The ability to leverage assets for loans is not only for businesses, individuals are also eligible.
The Cayman Islands is widely renowned for their strong AML and KYC regimes, and SelfKey technology allows to meet these high due diligence standards.
For its part, the Dutch Antilles-based bank will initially accept business and personal bank account applications in either EUR or USD.
We prefer not to disclose the banks’ names until the bank accounts marketplace is available to the public, in order to avoid any potential risk or external intercedence to these strategic relationships and ensure the proper development of them.
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