Coinme As a Service, allows any financial institution, bank, or credit union, to create a new customer profile inside of the financial institution app/portal, following rigorous KYC and AML regulations in the United States. Coinme brings the possibility also to allow the end customer of a bank, credit union, or FI, to buy and sell Bitcoin.

This is possible because Coinme is registered as a Money Services Business (NMLS# 1185542) with the United States Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). Accordingly, Coinme maintains a comprehensive and risk-based AML/CFT Program that is reasonably designed to prevent its services from being used for illegal activity and to comply with applicable AML and CFT laws and regulations including the Bank Secrecy Act (“BSA”) and the Office of Foreign Assets Controls (“OFAC”) economic and trade sanctions (“Sanctions”), as well as state level statutes applicable to licenses Coinme holds.

Coinme as a Service is focused on a B2B model. We partner with Financial Institutions, Banks, and Credit Unions to integrate them into the future of finance. This will benefit their end customers, allowing them to have a new bitcoin account besides their checking and savings account.

The Financial Institution, Bank, or Credit Union, will have multiple benefits, such as:

Possible increase in revenue, since they can charge per transaction
Increase engagement in their app/portal; research indicates that users will engage up to 3X more
Keep their end-user in their ecosystem.

What does the customer need? A report made by Visa indicates that 85% of bitcoin owners are interested in buying from their financial institution, and 39% of current bitcoin owners indicate that they plan to switch to a bank that offers bitcoin products within the next 12 months.

Coinme blockchain Integration for Fintechs, banks and credit unionsCoinme

Coinme blockchain Integration for Fintechs, banks and credit unions

Coinme

Coinme blockchain Integration for Fintechs, banks and credit unions

Coinme

Coinme blockchain Integration for Fintechs, banks and credit unions
Coinme