Bitcoin, Cryptocurrency And Blockchain News

Bankera Raises Over $190 Million in Ongoing ICO


Bankera, the cryptocurrency-friendly virtual bank and ‘operational fork’ of Bitcoin wallet SpectroCoin, has successfully raised 157 million Euros ($192 million) in its ICO. The ICO will end on 28th February or when the hard cap is met, which is now within reach considering it is set at $216 million.

The news is not a complete surprise, as a lot of people were interested in the crypto bank. Last month, it was expected that the ICO would cross $200 million, which is clearly only a few hours away. A total of 7 billion Bankera tokens (BNK) were available in the ICO, and only 337 million are left until the hard cap is reached. The tokens were issued in two different blockchains: “ERC-20 compliant tokens for the Ethereum blockchain and as NEM mosaics for the NEM blockchain”, and will be listed on SpectroCoin.

Once this phase is complete, Bankera’s exchange will be launched within the first six months of 2018. The Bankera Pilot Program will support cryptocurrencies on ERC-20 and New Mosaic tokens. So far, the roadmap shows no further information except for the exchange this year. In 2019, Bankera will work on getting an official banking license, followed by the launch of investment solutions later in the year.

Through Bankera, users will be able to create payment accounts, get IBANs and loans, and invest in ETFs and other funds. All three services will accept cash as well as cryptocurrencies. In an announcement released by Bankera, it attributed its success to SpectroCoin, the team and leading advisors, including the foundation President Lon Wong, and European Parliament member Eva Kaili.

Except for U.S. residents, everyone can use and participate in Bankera’s services. For more information, click the link here.

Disclaimer: Opinions expressed in this article are based on the author’s analysis. Please visit the website and perform detailed research before investing in the ICO.