Famous Altcoin Founder Signals That He Will Build Crypto-Friendly Banks!

Phantom (FTM) altcoin founder Andre Cronje announced his intention to launch a new cryptocurrency-friendly bank by the end of this year.

Cronje responded in a series of tweets to a follower who complained that digital banking app Revolut closed his personal and business accounts after learning that the source of funds was crypto.

Cronje Marks 2023 For Crypto-Friendly Bank

Cronje said it can add its tracker to the closed beta for its payment infrastructure, and a card service will be available by the end of 2023. It will also be launched later this year. cryptocurrency He also announced that he is working on a friendly bank.

Fantom (FTM) is a smart contract platform that aims to provide decentralized finance (DeFi) services to developers using its own consensus algorithm.

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

However, Cronje explained that his bank cannot avoid KYC (know your customer) requirements as it will operate under a standard banking license. He also said that he is unsure whether to accept US citizens, given the country’s stance on crypto regulation.

Andre Cronje is the co-founder and architect of Fantom, a smart contract platform that provides DeFi services to developers. He is also the founder of yearn.finance, a decentralized aggregator of various DeFi protocols, and the founder of Keep3r Network, a decentralized marketplace for technical work.

Andre Cronje is a controversial name for several reasons.

He was accused of initiating unfinished and unaudited projects that caused losses to investors such as Eminence and LBI.

It has also been criticized for a lack of communication and transparency with the community after announcing its departure from DeFi in March 2022.

*Not investment advice.