Coinfloor Helping Crypto Firms Access Banking
The U.K.’s oldest running crypto exchange, Coinfloor will deliver bank-like accounts to cryptocurrency firms which has been a major pain point for the whole crypto industry.
This was made possible through a partnership with electronic money institution (EMI) Enumis.
Under the partnership Enumis will be paying Coinfloor a fee for referring reputable crypto-facing businesses that successfully set up current accounts or checking accounts.
Coinfloor was founded in 2013 and has currently over 50,000 customers under its belt and now aiming on becoming the premier fiat brige for the U.K. market.
To be clear Enumis is not a bank but rather an electronic money institution is not a bank but offers similar services and unlike Bank reserves and deposits are 100% held by the EMI and cannot lend them like a bank.
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