The revolutionary finance industry designed with blockchain technology is trying to revitalize its services to offer all what banks tender while at same time outmatching the existing archaic system.
Netcents continues to flag its crypto adoption campaign. The next-generation online payment processing platform has today announced the unveiling of Crypto Banking Stack (CBS), an online service that will enhance “cryptocurrency accounts, transactions, and functionality into existing platforms for banks, financial institutions, and money service businesses.”
The Crypto Banking Stack is designed to allow Financial Institutions grant clients access to a fully integrated cryptocurrency processing and transaction solution through their existing hardware and software even though there would be need for slight alteration in the legacy systems of the Financial Institutions.
Also, the latest development is tipped to offer low-cost crypto ready processing solution which will not require an extended and costly development cycle. In the same regards, financial institutions would not need to manage their own in-house proprietary cryptocurrency processing technology.
Netcents, in the update declared that the integration of the CBS API will help modify the status quo of the financial institutions operating system. Through existing online bank profile, the latest improvement will allow Financial Institutions give their customers accessible crypto banking services.
The announcement further clarified that henceforth, crypto bank accounts will offer the same services to customers as the standard chequing and savings accounts. Services like withdrawal, deposit, transactions visibility, payment, addition of various crypto accounts/wallets and the possibility of connecting crypto bank account to their existing debit cards would be made possible on crypto bank accounts with the help of the Crypto Banking Stack.
All thanks to CBS, crypto banking services now let account holders make conversion and transfer of dough within their crypto and fiat bank accounts.
While the latest introduction is given more hype, Netcents declared that Bitcoin, Ether, Bitcoin Cash, and Litecoin are the only crypto that would be supported by CBS for the time being as they look forward to the introduction of more cryptos in the future.