Two companies have announced their ambitious plans to change critical aspects of lending and crypto-native banking.

UK-based startup Harbour on Wednesday announced its launch of a new crypto-native banking platform. The new service claims to build a more seamless connection between TradFi services and crypto.

Harbour 1.0, slated for a summer rollout, will introduce a crypto-native checking account, allowing users to manage all their assets in a single app. 

Harbour’s platform will also offer a USDC debit card and account, and its app will be compatible with Android and Apple devices. The platform also holds fiat and crypto funds in insolvency remote accounts to ensure transparency and safety. Harbour aims eventually to provide on-chain proof of assets, and allow users to verify balances independently.

Traditional banks are usually conservative with regard to cryptocurrencies. Recently, banks have put restrictions on customers making crypto purchases. This reticence on the part of traditional retailers opens the door for startups with innovative products and services.

Credora Helping Out Lenders

Credora has

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Author: Josh Adams

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