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Ukraine-based Monobank to offer Bitcoin (BTC) cards

Wed 07 Jul 2021 ▪ 10h55 ▪ 2 min read — by Greg Hansen

In July, a Ukrainian online banking provider Monobank will issue Bitcoin cards enabling its clients to buy and sell cryptocurrency, said the company’s co-founder Oleg Gorokhovskiy.

Gouvernement ukrainien et crypto

Convenience-focused banking app to support crypto

The bank will engage in an integration partnership with an undisclosed cryptocurrency exchange, which is rumoured to be WhiteBit.

According to Gorokhovskiy, the project is already complete, and is currently awaiting approval from the National Bank of Ukraine.

In addition to that, the company is working on creating an eSIM offering and an improved acquiring solution. Both initiatives will be presented in August. By autumn 2021, Monobank will also enable stock trading through an undisclosed US-based platform.

In February, the entrepreneur revealed he had a large portfolio of BTC. Later that same month Monobank suspended SEPA transfers from Binance.

Banks offering crypto trading solutions is nothing new, in fact, this trend has been gaining momentum for a while now. This time it is a Ukrainian mobile banking app Monobank that is making headlines. There is one thing to always keep in mind about a bank crypto offering — not your keys, not your Bitcoin.

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Greg Hansen avatar
Greg Hansen

Belgium native who has a passion for writing. Since 2015 I have understood that the blockchain will radically change our lives, and I absolutely want to share my findings with you!

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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