HomeWorld NewsFintechBankera, blockchain bank introduces SEPA Instant

Bankera, blockchain bank introduces SEPA Instant

Bankera, the bank that focuses on blockchain companies, is introducing instant payments by joining the SEPA Instant circuit.

Since February, Bankera customers have been able to make instant payments to more than 2300 banks and financial institutions within the SEPA (Single European Payment Area) at any time. The service is available 24 hours a day, 7 days a week, even on public holidays. 

The bank, which is based in Lithuania, will thus be able to reduce the waiting time for transfers, making it more attractive to customers and businesses. 

Vytautas Karalevičius, co-founder of Bankera, explained:

“Our electronic money institution becoming a member of SEPA Instant network gives us the benefit of providing faster payment solutions for our clients. In most cases, businesses that use our services have a strong retail user base. Thus, the possibility to access instant payment infrastructures is vital for them”.

Bankera’s services

Bankera offers its customers a multi-currency bank account with a dedicated IBAN from which SEPA and SWIFT payment transactions can be made. It associates Visa cards with it.

Bankera’s aim is to become “the bank for the blockchain era”. For this reason, it offers services that aim to integrate the crypto ecosystem with traditional finance.

From the official website, in fact, it is possible to access two crypto services:

  • Spectrocoin;
  • Exchange. 

Spectrocoin is a platform with an integrated wallet that allows users to buy and sell cryptocurrencies, open a bank account with IBAN and obtain a Visa debit card with which to convert bitcoin and cryptocurrencies into fiat currency and pay within the Visa circuit.

Spectrocoin also allows for lending using cryptocurrencies as collateral. Finally, its other feature is to help businesses that want to introduce bitcoin and cryptocurrencies as a payment system.  

Bankera’s exchange is the same as that of Spectrocoin, where it is possible to trade cryptocurrencies pegged to bitcoin, Tether, Paxos Standard and USDC. Its strengths include the very low fees and close to 0%. 

Eleonora Spagnolo
Eleonora Spagnolo
Journalist passionate about the web and the digital world. She graduated with honours in Multimedia Publishing at the University La Sapienza in Rome and completed a master's degree in Web and Social Media Marketing.