Decentralised Bank for E-Residents Announces ICO
A Singapore and Estonia-based company, Change is building a marketplace offering access to numerous financial services within a single platform, as well as a spending card. The company is going to conduct an initial coin offering on the 16th of September to fund the creation of this first decentralized bank. The ICO will be open for 30 days or until the target of 200,000 Ether is reached. It is piloting with the use of digital identification through the e-Residency programme by the Government of Estonia.
Kaspar Korjus, e-Residency Managing Director, said: “Digital Identity is one of the keys to solving financial inclusion so we are delighted that Change is using our secure government-backed digital identities to help solve this issue and develop their business.”