Andre Cronje, a Fantom (FTM) co-founder, has hinted that a new bank that accepts cryptocurrencies may open its doors later this year.
According to a recent tweet shared by Cronje, who has 384,500 followers on Twitter, there are plans to launch a new bank that will provide financial services related to cryptocurrencies later this year.
Need a card, or just payments infra? If the latter, I can add you to our closed beta. If card, that will be available by end of 2023, crypto friendly bank available to public within this year.
— Andre Cronje (@AndreCronjeTech) April 21, 2023
Cronje has suggested that the new bank’s services will probably not be accessible to U.S. citizens, given the current stance of U.S. regulators against cryptocurrency, as he stated on Twitter.
Legally we can, but given the USA's stance, we probably won't accept US citizens.
— Andre Cronje (@AndreCronjeTech) April 22, 2023
Cronje adds that the financial services would be subject to the know-your-customer (KYC) regulations and guidelines that apply to traditional financial services.
Cronje revealed the banking plans in response to a tweet from the CEO and founder of Curve Finance, Michael Egorov, who claimed that the financial technology company Revolut had barred his account after he disclosed that cryptocurrency was the source of his funds.
Learned recently on practice that @RevolutApp is not crypto-friendly. Have been their customer since 2016, but they closed my personal and business accounts once they got information (from me showing) that source of funds is crypto.
— Michael Egorov (@newmichwill) April 20, 2023
They are not the future đ