What to Know:
- Pave Bank raised $39M in its Series A funding, bringing its total amount raised to $45M.
- The bank offers traditional banking services as well as digital asset-management solutions.
- This latest funding round is a strong signal that the line between traditional banking and blockchain technology is increasingly blurring.
- On the consumer side, Best Wallet Token is pumping with its own crypto wallet.
Singapore-based Pave Bank recently raised $39M in its Series A funding round led by Accel, a venture capital firm.
The bank, which brings together traditional and programmable banking solutions, is the latest in a string of companies bringing together the world of TradFi and blockchain technology.
This also signals greater interest among institutions in the speed and convenience that blockchain technology provides.
On the consumer front, meanwhile, Best Wallet Token ($BEST) is gaining a lot of attention from investors through its highly secure and user-friendly crypto wallet.
Blurring the Lines Between TradFi and Blockchain Tech
Pave Bank, which has a banking license from the National Bank of Georgia and operates an office in London, offers corporate clients a wide range of solutions that bridge traditional banking and blockchain technology.
In addition to deposits, payments, and foreign exchange, Pave Bank also handles transactions involving regulated digital assets.
Furthermore, it provides programmable banking services. These allow Pave Bank’s clients to automate their banking operations via APIs or smart contracts.
The bank’s latest funding brings its total stash to $45M, which will allow it to expand to more countries and territories, including the United Arab Emirates, Hong Kong, and Europe.
With funding from the likes of Accel, Tether Investments, and Wintermute, Pave Bank signals that traditional banking and blockchain technology can co-exist and add a new level of convenience to clients.
Best Wallet Token: Setting the Standard for Secure, User-Friendly Crypto Wallets for Consumers
While traditional banks and institutions are catching up on blockchain technology, many consumers have yet to do the same. However, it’s only a matter of time before cryptocurrencies become a part of everyday life.
When it happens, Best Wallet Token’s ($BEST) crypto wallet is ready to fill the demand for a secure way to store regular consumers’ digital assets.
Its Best Wallet app is among the best non-custodial crypto wallets, which means only you have access to your private keys. This is a crucial feature, as it ensures no one but you hold the keys used to sign your transactions and prove your ownership of your crypto.
It doesn’t matter if you’re new to the world of crypto or a seasoned one. That’s because the Best Wallet app was designed to be as user-friendly as possible.
It’s available for both iOS and Android devices, featuring an easy-to-navigate interface – you’ll be set up in minutes.
You can also do more than just store your crypto in the wallet. Here, you can buy, swap, stake your coins and more, all via the convenience of Best Wallet’s mobile-only app.
Things get even better if you hold its native $BEST tokens. You’ll enjoy perks like low transaction fees, governance rights, and early access to the best crypto presales through its unique Token Launchpad.
To buy your tokens, head to the official Best Wallet Token presale page. Each one costs $0.025835 – a very affordable price for what you’ll get in return.
If you prefer, you can stake your tokens to earn passive rewards. Currently, the staking rewards are set at 79% p.a., although this will change as more investors lock their tokens in the staking pool.
To date, the Best Wallet Token presale has already raised $16.6M+. Similar to Pave Bank’s fundraiser on an institutional level, this is a strong signal that demand for a secure and user-friendly wallet is growing among retail investors.
Don’t delay, however, because there’s another price increase happening in just a few hours. Now’s the time to lock in $BEST tokens at their current price before it’s too late.
Join the Best Wallet Token ($BEST) presale today.
⚠️ Disclaimer: Always do your own research before making any investment. This is not investment advice.
Authored by Aaron Walker, NewsBTC – www.newsbtc.com/news/pave-bank-39m-funding-best-wallet-token