TEN31 Bank aims to contribute to the development of blockchain-based currencies by providing regulated banking solutions for the blockchain community, that are independent and accessible for everyone. This bank is dedicated to supporting the applicability of digital currencies in everyday life. Ten31 does not identify itself with a “crypto bank” but is to be seen as a service provider for companies, specialising in blockchain technology. Together with crypto project NIMIIQ, TEN31 developed a fast, secure, and convenient bridge between traditional currencies and cryptocurrencies, called NIMIQ OASIS. As a presenting partner of the BLOCKCHANCE 2021 conference, we asked TEN31 some interesting questions about the company and the OASIS protocol and got profound insights.
What is the vision of TEN31 Bank?
The vision of TEN31 Bank is the mass adaption of digital assets and currencies and to make the blockchain-based financial world accessible to all. With the motto “always one step ahead”, the bank has taken an innovative approach right from the beginning to offer its customers real added value. Banking services in modern payment transactions. As one of the first banks in Europe, it forms a bridge between conventional banking and the blockchain-based financial world.
Where do you see TEN31 Bank and Blockchain technology in the future?
We are convinced that blockchain applications will become and remain an important part of tomorrow’s financial markets. By way of decentralization, it delivers a high level of censorship resistance and independence. TEN31 Bank aims to be at the center of this development which we consider to be no less than a financial revolution.
What makes TEN31 Bank unique?
TEN31 Bank takes the bold step to consolidate the freedom and individuality of blockchain-based finance with the necessary regulatory soundness. Whilst many at first saw blockchain currencies as a means to eliminate the need for centralized banking, we take an integral approach. We believe that blockchain can complement the existing financial framework significantly instead of replacing it.
I recently read about the OASIS protocol. What is that and which goals are being achieved by it?
The blockchain project Nimiq and TEN31 Bank will bring the OASIS technology to the market and thus achieved the breakthrough for compatibility between blockchain and banking. Nimiq OASIS enables the uncomplicated, decentralized, and therefore secure purchase of cryptocurrencies by bank transfer. Within certain limits, there is no need to open an account with a centralized crypto exchange and the associated, usually time-consuming identification process. With the OASIS protocol, which stands for Open Asset Swap Interaction Scheme, on the one hand, currencies such as euros, dollars, or Swiss francs can be used programmatically like tokens on a blockchain. On the other hand, it creates the fastest, safest, and most efficient way to buy, exchange and sell digital currencies such as Bitcoin. In the B2B area, both decentralized exchanges and OTC services and applications and thus all decentralized financial services (DeFi) can use the OASIS protocol to efficiently process transactions between fiat and crypto currencies.
What motivates you to be a sponsor at the BLOCKCHANCE conference?
The BLOCKCHANCE conference is a future-oriented trade fair that addresses precisely the target group that we want to address with our products and services. A great concept that we absolutely want to support. It is great to be a part of it!
TEN31 Bank inspires us by heavily contributing to this new evolving era, which brings them to a position that suits their motto: “always one step ahead”. Therefore, we are delighted to announce TEN31 Bank as our presenting partner at the BLOCKCHANCE Europe 2021 conference, where TEN31 Founder and CEO Matthias von Hauff will be a speaker! Become part of our community and visit his keynote at the next conference, December 2-4, 2021. Get your tickets here, win an impression of some of our speakers on YouTube and join us on Telegram, Twitter or LinkedIn to stay up to date.