The Basics

1. What is BlockBank?

BlockBank is on a mission to offer AI-powered, traditional mobile banking experience with seamless crypto integration. We aim to combine the best of the DeFi and CeFi worlds in one place, incorporating AI technology to bring financial empowerment to clients in a very simplified manner.

2. What is BlockBank´s vision??

BlockBank wants to simplify the user experience without compromising compliance, security, privacy, or decentralization. The complex nature of DeFi platforms requires elegant trade execution and earning strategies to avoid high gas costs and slow speeds. We optimize multi-step DeFi purchasing processes and add a powerful AI assistant to guide our users to make intelligent and informed decisions.

3. What is BlockBank’s value proposition?

BlockBank stands out because we are bridging DeFi, CeFi and banking, and adding AI technology. This is revolutionary in so many ways. The ability for our users to overlay DeFi, CeFi and banking functionality with cutting-edge AI technology will provide them advanced value-added services.

4. Can I download the BlockBank application?

Yes, you can. We launched our Beta version in late 2019 and have been adding features based on our community feedback. At the moment we have around 25k users and $100M TVL. At the moment our users can enjoy a simple and convenient non-custodial wallet with a credit top up function and multiple gift cards to cash out. The latter function is heavily used by our users in countries with many restrictions on the use of crypto.
Download on Google Play and App Store.
We are building out the next version of the app which will bring in the full banking experience and bridge the DeFi gap. Along with that, our users will get access to a sophisticated robo-advisor to help them navigate this space. The developer and AI teams are working hard to bring as many features as possible in the V2 of the app.

4. BlockBank has 3 highlights: Blockchain, DeFi and Artificial Intelligence, how do these three complement each other?

Blockchain, DeFi, CeFi and AI are indeed the building blocks of the infrastructure. DeFi, offering transparency, security and freedom, is the underlying base for our crypto-related services. CeFi brings us convenience and payments, makes all processes easier and simpler. AI is what makes every user more qualified to do everyday transactions, make decisions. These three verticals are being integrated into one to offer a more complete and integral experience. And let’s not forget about banking. This is the missing piece for almost all users having major hardships trying to integrate the use of their traditional and crypto assets in everyday life.

6. What are the security measures implemented by BlockBank?

Security is something that we take very seriously, we have an experienced internal team who is working around the clock on this to make sure all security measures are being implemented. Code will be audited by a third party before the deployment (Zokyo or Certik). Additionally, our AI, which is in the testing process now, will be constantly monitoring the smart contracts for potential vulnerabilities.

7. What is the current status of BlockBank’s application?

We have just completed our update to the latest version of our application that includes web 3. The update of the current beta version will enable users to access DeFi dApps in-wallet and use the assets stored in their non-custodial wallet. Our V2 application has been developed in parallel which is an absolute rebuild from the ground up. This was necessary as we are integrating true banking into the platform and have many regulatory and compliance development features to be accepted by central banks who will allow us to access the banking infrastructure.
Our AI Advisor is also in development in conjunction with our application as it needs to be interconnected to each aspect of the platform to ensure it functions most efficiently. We are also adding the CeFi aspect to our application in a custodial wallet, fiat on and off-ramp, and other exciting features we will announce in the future.

8. What are the future plans for BlockBank?

Payments and Crypto licenses are already in progress. In the near future you will see BlockBank launching the new version of our app, signing off with strategic partners such as banks, wallets and other projects.

9. How does BlockBank stand out?

BlockBank stands out because we are bridging DeFi, CeFi and banking, and adding AI technology. This is revolutionary in so many ways. The ability for our users to overlay DeFi, CeFi and banking functionality with cutting-edge AI technology will provide them advanced value-added services.
BlockBank will enable users to directly access dapps, when it comes to rewards and third party integrations, stay tuned a lot of things are in progress and being finalised with only one goal in mind - to benefit our users and token holders.

9. Who are BlockBank´s partners?

Here are some of our amazing partners and there are more to come.
Last modified 12d ago