TOKEN2049 - Bitwala: The Only Bank - Benjamin Jones (Bitwala)
In this engaging presentation at TOKEN2049, Benjamin Jones, CTO and co-founder of Bitwala, introduces Bitwala's groundbreaking approach to banking by unveiling the world’s first crypto bank account. Rooted in the vision to serve as a bridge between traditional and digital finance, Bitwala combines the benefits of both worlds, leading the way in the tokenization of the economy.
Jones articulates the growing realization that a synergy between conventional finance and cryptocurrencies is essential. He explores how infrastructure bottlenecks in traditional finance, like the inability to trade on weekends or high venture capital costs, can be streamlined through blockchain technology. By democratizing investment opportunities and simplifying banking processes, Bitwala envisions a future where real-world assets can seamlessly integrate into decentralized systems.
Bitwala offers a unique solution where a user’s bank account acts as an exchange, allowing for seamless weekend trading without multiple platforms. Additionally, funds are secure due to German banking regulations and private key ownership. The company's ambition extends to banking the underserved blockchain startups by turning to digital native solutions.
As Bitwala expands its services, it plans to issue a Security Token Offering (STO), aligning the interests of token holders with those of shareholders. Jones encourages stakeholders to invest in this transformative journey where old meets new. Supported by prominent investors and with a proven market presence, Bitwala is well-positioned to revolutionize the financial industry.
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