update 18 August 2021

SEBA Crypto Bank Provides Its Services To Nine New Jurisdictions

SEBA Crypto AG, a crypto-focused banking firm based in Switzerland, has expanded its services to nine new nations. The startup aims to offer the crypto industry with banking services that it has lacked for a very long time.

SEBA made this move after it received a Swiss banking license. It was obtained in August and started full operations just a month ago.

It named the new countries like Austria, Portugal, Singapore, France, Germany, Hong Kong, Netherlands, United Kingdom, and Italy in a press statement. Further, it criticized the significant discrepancies that exist between traditional financial institutions and the crypto industry. 

It noted the wide gap between the two financial institutions, even after Bitcoin’s ten years of existence. However, SEBA hopes to bridge the gap between digital currencies and the traditional banking system with its new expansion.

The firm provides a wide range of banking services to its customers. Clients can open bank accounts and get an e-wallet alongside its SEBA card. Also, they can tokenize all forms of assets, including real estate and investment products. 

SEBA currently allows its clients to manage and exchange five cryptocurrencies, including ETH, Litecoin, and Stellar, among others. 

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