CoinsBank, the provider blockchain and cryptocurrency solutions, has announced the launch of its Universal Crypto Solution at the Money20/20 Europe event.

CoinsBank is being announced at Money20/20 Europe, the world’s largest FinTech event, for which it is an official sponsor. It is creating a confluence of both traditional and cryptocurrency ecosystems with its universal solution at the event. The announcements during event will include CoinsBank Wallet, Card, Merchant Tools, Exchange, Charts and Mobile App, which will help the company provide an all-in-one gateway for blockchain services.

Ronny Boesing has been recently appointed as the CEO of CoinsBank. In an announcement posted on LinkedIn, he said that CoinsBank is an ambitious new crypto start-up that will provide everything from a digital wallet, a sophisticated exchange for trading and a mobile app to physical payment cards and tools for merchant integration.

“A far-reaching cryptocurrency service will break down entry barriers to digital money and offer use cases across the board for merchants and consumers”, the LinkedIn page says.

Boesing further said that CoinsBank will support all major currencies, with multiple deposit and withdrawal options, simplifying sending and receiving both local currencies and digital coins like Bitcoin, Litecoin, Ethereum and others. 

The company sees potential in bitcoin’s underlying blockchain technology and has been involved in the development of next generation fintech solutions over blockchain. CoinsBank seeks to leverage the benefits of the technology by developing blockchain based solutions for simple money transfer, global remittance, crowdfunding and p2p securities trading.

Boesing believes that the true significance of bitcoin is not limited to simple, fast and low-cost money transfer, and views blockchain as a “technology of the next hundred years” that can weed out corruption, middlemen, and other unexpected fees from transactions.

“It is the blockchain, the shared ledger that will power the next generation of fintech solutions. The technology enables anyone to store and transmit information of any kind, directly and trustless-ly between individuals”, Boesing said.

The UK based company has a bold and positive outlook towards the future of blockchain. CoinsBank’s intends to introduce the not so familiar decentralized model into mainstream finance to increase its acceptance while providing better value to the people.