MultiBank’s cryptocurrency arm rebrands as MultiBank.io

Dubbed ‘MultiBank.io,’ the brand new model is MultiBank’s first foray into cryptocurrency and blockchain. Previously generally known as MEX Digital, MultiBank.io helps purchasers diversify into cryptocurrency, decentralized finance (DeFi) and non-fungible tokens (NFTs).

The disclosing of MultiBank.io comes regardless of a latest run of volatility within the crypto market that has raised elementary questions over its security for buyers. The brand new platform may resolve a part of these points as its dad or mum entity is carefully supervised by 10 monetary regulators worldwide throughout numerous jurisdictions.

Based in 2005, MultiBank Group has a present paid-up capital of over $322 million and counts an in depth client-base of over 320,000 prospects from throughout 90 international locations.

Celebrating the launch, MultiBank.io has been named official associate of Masters-winning golfer Danny Willett. The seven-time title-winner additionally intends to launch a sequence of NFTs in partnership with MultiBank.io, that includes on their web site and advertising supplies.

Betfred British Masters 2022 host Danny Willett stated: “I’ve been stepping into the world of cryptocurrency and digital belongings for a while now however didn’t have sufficient information, expertise or confidence in that space. That was till I used to be launched to the MultiBank Group. I’m delighted to be working alongside them as I begin out in cryptocurrency, and we’re all excited to see the brand new MultiBank.io platform go dwell within the coming weeks.”

MultiBank to launch its personal cryptocurrency

MultiBank Group Chairman Naser Taher feedback: “Unveiling the brand new MultiBank.io model is step one in a multi-year blockchain and cryptocurrency roadmap for the MultiBank Group. We look ahead to revealing extra detailed plans within the close to future for our neighborhood of 320,000 international customers. However as we’ve proven in constructing MultiBank Group into one of many world’s largest derivatives suppliers during the last 17 years, our objective is to compete on the forefront of the trade. We’re excited to deliver a recent, compelling providing to the digital belongings buying and selling market, combining our confirmed pedigree in monetary innovation with the countless prospects of Web3 expertise.”

MultiBank.io COO Zak Taher added: “We’re launching an formidable suite of blockchain and crypto-enabled monetary companies this 12 months, and we’re partnering with solely the very best. Danny Willett is world-class, and we’re enormously proud to be partnering with a sportsman of his caliber. He has profitable pedigree with a Masters victory and one other seven worldwide titles to his title already, and we want him the best success for this season.”

Owned by Naser Taher, MultiBank Group has launched MEX Digital, a world digital asset alternate that provides buying and selling in additional than 20 of the world’s prime cryptocurrencies. The group has additionally arrange MEX Pay, an digital cash establishment providing on-line banking for each people and companies, enabling prospects to commerce and financial institution in conventional foreign money in addition to cryptocurrency.

The brand new ventures are underpinned by MEXD, the group’s personal native coin that MultiBank is within the strategy of getting off the bottom – it is going to run on the Ethereum blockchain and function a utility token that ensures MultiBank’s ecosystem is interoperable.