MCV-CAP will combine traditional banking functionalities with the innovative advantages of the blockchain technology and tradable cryptocurrencies. Traditional banking functionalities are defined as standing- and collection-orders, transfers, credit and debit cards, salary accounts, cash in and out, and more. Innovative benefits of Blockchain technology mean anonymity, free-of-charge service, instant payment function, and enhanced security features, among others.
We’ve set ourselves up for success by bringing together a powerful team of highly-motivated people. MCV-CAP has experts in the blockchain, development, banking, and entrepreneurship. The time is right for a blockchain-based bank, and we are the right people to make it happen.
The core of our team has been together since 2014, when Egon Putzi formed etoxx to innovate the loyalty rewards industry. From there, we’ve continued to recruit brilliant people to bring to life the idea of Blockchain Bank for You.
Legislation could block our ability to do business
We could be denied our banking license
We will face competition from the existing banking heavyweights
Other start-ups are also considering their own blockchain-based banking projects
The unlikely total collapse of the crypto economy would obviously be a hinderance to our plans.