Bitcoin Latinum partners with Vast Bank to expand crypto

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PALO ALTO, Calif., November 15, 2021 (GLOBE NEWSWIRE) – Bitcoin Latinum, the secure, next-generation, insured, and asset-backed cryptocurrency, announces the start of a strategic partnership with Vast Bank, a family-owned financial company trusted institution serving clients since 1982. The partnership will focus on collaboration, transaction flow and integration opportunities between Vast Bank, Bitcoin Latinum and Monsoon Blockchain Corporation (the main developer of Bitcoin Latinum) while taking into account charges Bitcoin Latinum as the custodian currency.

“We are very pleased to announce our latest groundbreaking partnership with the broad industry leading bank,” said Monsoon Blockchain Corporation CEO Dr Donald Basile. “Their efforts to bring the promise of blockchain technologies to the banking system will allow consumers to access a greener, faster, and more secure version of Bitcoin.”

At the forefront of cryptocurrency integration, Vast Bank customers can buy and sell cryptocurrency from any location in the United States using the Vast Bank Crypto Banking mobile app. Earlier this year, Vast Bank became the first nationally chartered bank in the United States to offer customers the ability to buy and sell cryptocurrencies alongside a traditional checking account, providing customers with the same service. practical and personalized they already expect from a financial leader. institution.

Vast Bank aims to set a new standard for democratizing access to cryptocurrency by allowing customers to simultaneously manage their bank and crypto accounts side-by-side in a high-tech and secure user interface, powered by world-class software. . The Vast Bank Crypto Banking service is powered by Vast’s integrations with Coinbase and SAP.

“In our nearly 40-year history, our commitment to customer service has been at the heart of everything we do. When our customers asked us why they can’t safely buy Bitcoin and others cryptocurrencies using their bank accounts, we’ve been driven to develop an end-to-end solution that allows them to do this on a platform that they know they can trust, ”said Brad Scrivner, CEO of Vast Bank. “We are pleased to explore partnering with Bitcoin Latinum to expand the selection of digital assets our clients can hold.”

Bitcoin Latinum currently trades publicly on the DigiFinex and Hotbit exchanges, under the symbol LTNM. Monsoon Blockchain Corporation has announced its intention to officially list Bitcoin Latinum on ten leading public exchanges by the end of 2021. In addition to DigiFinex and Hotbit, the exchanges are: HitBTC (the fifth largest exchange by volume at $ 4 billion dollars), FMFW (formerly Bitcoin.com and operating with a daily transaction volume of $ 3.3 billion), Changelly ($ 2.71 billion in daily volume), Bitmart ($ 1.6 billion in daily volume ), AAX Exchange ($ 1.3 billion daily volume), LBank Exchange ($ 1.35 billion daily volume), Changelly Pro and XT.com.

Unlike other crypto assets, LTNM is insured and backed by real and digital assets. Its asset backing is held in a fund model, so the value of the base asset increases over time. It accelerates the growth of this asset-backed fund by depositing 80% of the transaction costs into the asset fund that backs the currency. Thus, the more Bitcoin Latinum is adopted, the faster its asset fund grows, creating a self-inflating currency. The listing on DigiFinex and Hotbit, and the strategic partnership with Vast Bank, underscore the Bitcoin Latinum Foundation’s commitment to supporting the growth of a sustainable crypto ecosystem.

Bitcoin Latinum has been developed with a highly scalable network that will initially support up to 10,000 transactions per second and millions of transactions per day to facilitate retail transactions. With its Proof of Stake (PoS) consensus method, Bitcoin Latinum ensures that the network facilitates more transactions per minute at lower transaction fees. Using an efficient consensus mechanism, Bitcoin Latinum provides a much better on-chain payment network than Bitcoin, with an average transaction confirmation in three to five seconds.

LTNM is one of the greenest cryptocurrencies in existence and recently joined the Crypto Climate Accord. Using its advanced Proof of Stake (PoS) mechanism, LTNM holders will earn rewards for holding their coins as collateral to wager on the Bitcoin Latinum network. This leads to less electricity consumption. LTNM reduces energy consumption to just 0.00015 kWh per transaction.

About Bitcoin Latinum

Bitcoin Latinum is the next generation of fully insured asset-backed cryptocurrency. Based on the Bitcoin ecosystem, Bitcoin Latinum is greener, faster, more secure and poised to revolutionize digital transactions. Using an energy-efficient Proof of Stake consensus algorithm, Bitcoin Latinum plans to bring better transaction speed, lower fees, and more security to high-growth markets such as media, games, telecommunications, and the cloud. computing.

For more information, please visit https://bitcoinlatinum.com.

About Vast Bank

Vast Bank has built its heritage on personalized service, strength and integrity. With bold leadership and a renewed commitment to the customer, Vast builds on its past to create a future based on new ideas, world-class technology and a winning culture to improve the customer banking experience with greater ease. and control. In 2021, Vast became the first nationally chartered U.S. bank to enable customers to seamlessly buy, sell, and hold cryptocurrency assets, providing consumers with the benefits of crypto coupled with simplicity and convenience. security of a bank account.

Family-owned and based in Tulsa, Oklahoma, Vast Bank has served customers since 1982. To learn more, visit https://www.vast.bank/.

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NO INVESTMENT ADVICE. Any Bitcoin Latinum offered is for educational and informational purposes only and should NOT be construed as an offer or solicitation related to securities or be viewed as personalized investment advice. Bitcoin Latinum strongly recommends that you consult a licensed or registered professional before making any investment decisions.

Media contact

Company: Bitcoin Latinum

Email: [email protected]

Website: https://bitcoinlatinum.com/

Address: 2100 Geng Road, Palo Alto, CA 94303, USA

Telephone: +1 800-528-0985

SOURCE: Bitcoin Latinum Foundation

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