High-Risk Blockchain Companies: How to Open An International Bank Account

Oct 30, 2023

Grow your blockchain company by getting access to international banks. Contact SAXE Global today and enjoy effortless bank account opening!

Want to unlock your blockchain business’ full potential? Then open an account with SAXE Global’s partner banks, which work with high-risk businesses like yours.

The consultancy's mission is to offer innovative banking services to clients that standard financial institutions hesitate to serve. These blockchain-friendly banks are especially suited if your company deals with cryptocurrencies, non-fungible tokens (NFTs), and play-to-earn games.

Learn more by visiting https://www.saxe-global.com/banking

Mark Walsh, Head of Advisory, says the partner banks make it easy for you to serve customers who use fiat currency rather than cryptocurrencies. Moreover, these institutions can assist you in navigating the complex regulatory mandates of the financial industry.

While the blockchain industry is still in its infancy, it is growing rapidly. Fortune Business Insights projects that the market will reach over $469 billion in 2030 — a compounded annual growth (CAGR) rate of 59.9%.

Given the high risks involved in a nascent industry, traditional banks are often wary of blockchain-based ventures like yours. To help the industry fulfill its potential, SAXE Global has blockchain-friendly partner banks in territories like the UK, Switzerland, Lithuania, Sweden, Puerto Rico, and Liechtenstein.

All banks issue dedicated international bank account numbers (IBANs), which enable you to receive or forward payments anywhere in the world. Moreover, they have access to international banking standards like SWIFT, SEPA, ACH, and ABA, allowing them to accept cross-border payments or fund transfers.

Many of these institutions also allow you to integrate your existing crypto wallets. As such, you can process direct cryptocurrency payments for faster and more seamless transactions.

You can choose physical banks, which offer loans, personalized attention, and added security. Likewise, you can open an account with a digital bank which can be accessed 24/7 online and through apps.

To make the account opening as efficient as possible, you will be assigned a dedicated client manager. They will be in charge of collating documentary requirements and shall transact with partner banks on your behalf.

Walsh says: “We’re excited about blockchain and we’re sure that it will be the future of finance. To that end, we offer banking services that enable you to remove geographic barriers and cater to an ever-growing set of customers.”

Growing your business has never been easier, thanks to SAXE Global and its partner banks. Get in touch today!

For more details about the company and its financial consultancy services, you may visit https://www.saxe-global.com/banking

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