The announcement is seen for analysts as a strengthen-the-bridge movement between traditional banking and cryptobanking
Former HSBC Private Bank Finance COO, Enrique Melero has today been named as the newest advisor at Bitwala, Europe’s first “blockchain-enabled bank”, further strengthening the bridge between traditional banking and cryptobanking.
The move signifies not only the increasing traction cryptocurrencies are gaining, but the accelerated growth from a small fintech startup founded in Berlin, Germany to a pillar of the FinTech ecosystem. Mr. Melero’s experience and network in the traditional financial sector will help facilitate the next phase of growth – as a fully licensed bank with a suite of services and financial instruments for business and individuals.
“Bitwala has built a platform that is future-proof for a world in which fiat and cryptocurrency will coexist, it is a traditional bank with a crypto-first approach that is reengineering how we use banking services,” said Mr. Melero, “Its an honour to be advising an european company that plays a pivotal role towards a new era in banking.”
“Enrique’s banking expertise and crypto knowledge is a huge asset to Bitwala’s advisory board,” said Bitwala CEO Jörg von Minckwitz, “His guidance will help us make the interface between crypto and fiat currencies robust and feel like second nature to any user.”
Mr. Melero is bringing 25 years of valuable financial expertise and know-how to join Bitwala’s advisory board of experts in banking, blockchain technology, and entrepreneurship. Mr. Melero’s traditional banking background and understanding of blockchain technology will help Bitwala progress towards its goal of establishing the world’s first blockchain bank with decentralised ownership.
Bitwala’s award-winning international money transfer service enables business owners and individual to transfer Bitcoin, Ether, and over 60 other Altcoins into 22 local currencies, including EUR and GBP The service has a strong global community of over 57,000 private and business users in 120 countries. Bitwala will soon launch Europe’s first equity token at a vital stage in its endeavors to build its blockchain bank.
HedgeThink.com is the fund industry’s leading news, research and analysis source for individual and institutional accredited investors and professionals