Bitcoin Meister, the first 'Digital currency Bank (DcB)', is present at the Lisbon Web Summit (Portugal) as a Fintech Startup. Bitcoin Meister is a regulated platform and is based in Germany.
The principle of the 'Digital currency Bank' is relatively simple and focuses on the security of the client's funds. This new generation bank is 'Non-Custody', which means that the Bank does not manage the funds of its customers, but acts as an intermediary between the Customer and the Cryptocurrency Provider.
The Customer orders his Cryptocurrency from Bitcoin Meister and provides his personal Wallet Address, then pays the invoice amount to Bitcoin Meister, which then transfers the funds (from the chosen Cryptocurrency) to the address provided by the Customer.
The security aspect lies in the fact that Bitcoin Meister does not have access to or manage the Customer's funds.
Bitcoin Meister also emphasizes the simplicity of obtaining Cryptocurrencies, as there is no need to add KYC to purchase them (up to a maximum of €500). This is because we know that some KYC/AML can cause privacy concerns for the user.
Bitcoin Meister also allows you to purchase Cryptocurrencies with simple payment methods which are : Paypal, SEPA Bank Transfer, NOWPayments, Credit Card.
Bitcoin Meister will be present at the Lisbon Web Summit from 2 to 4 December 2020
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