The demand for an innovative, effective, and secure banking solution has never been greater as more and more business transactions are being carried out online. Founded by German billionaire Michael Gastauer, Black Banx is well-positioned to be your next business banking solution given the increasing need for digital banking services.
When Black Banx was first introduced in 2015, Gastauer had the idea that it would be an inclusive, global digital bank free from the constraints of traditional banks.
Black Banx’s goal to transform business banking is guided by a set of guiding principles that form its foundation. Cost-effectiveness, security, innovation, and accessibility are some of these guiding principles.
Gastauer revolutionised the traditional banking sector with an online banking solution that he developed in the middle of 2013. After assembling a group of highly skilled software professionals and outlining his goals, Gastauer tasked them with creating an online platform with the primary features of instantaneous account opening for both individual and corporate clients globally and real-time international financial transfers across various FIAT and cryptocurrency.
In less than a decade, the digital bank has grown to become a financial service providing digital banking services to over 33 million customers in 180 countries.
Black Banx is becoming more and more popular among business owners and entrepreneurs as their next business banking option as everything becomes more digital. Black Banx distinguishes itself with a wide array of features and services designed to satisfy the distinct demands of businesses:
- Accepting private and business clients from 180 countries
- Solutions like batch upload or API for bulk payments for business customers
- International and inter-platform instant payments in multiple currencies
- Multi-currency debit card options
- Real-time currency exchange and crypto trading services
- Unrestricted payouts to third parties and crypto withdrawals to external wallets
- Interest-bearing savings accounts in multiple major currencies
Simplified account opening: Bid farewell to the time-consuming account setup procedure. Black Banx ensures that customers aren’t turned away based on documentation, income, or geography by providing a simple sign-up process that only requires a photo ID.
Cross-border transactions: One of Black Banx’s noteworthy accomplishments is revolutionising cross-border payments. Through the utilisation of the Black Banx platform, the bank may establish new benchmarks in the industry by expediting and lowering the cost of international money transfers through its connections with local real-time settlement systems across many nations.
Competitive fee structure: Black Banx offers businesses an affordable banking option, making sure you get the best return on your investment. Interest-bearing savings accounts in several major currencies are available to businesses.
Enhanced security and fraud prevention: Black Banx places a high priority on safeguarding your assets and data through strong security standards. Advanced fraud protection techniques safeguard your business from theft.
Advanced crypto offerings: Businesses and entrepreneurs can now choose USDT on Black Banx in addition to ETH (Ethereum) and BTC (Bitcoin). Customers of Black Banx who want fast BTC transactions and speedy USDT payments have other options, such as Solana, Lightning Network, and Tron/TRC20.
The company had 33 million retail customers and US$ 1.5 billion in revenue in the first nine months of 2023, according to its most recent growth report—this translated into a USD 158 million profit before taxes.
Black Banx, with its digital-first approach, continues to broaden its services and reach in the worldwide market, providing businesses of all kinds with a transformative banking experience. Making the transition to Black Banx is more than just a banking decision; it’s a calculated step towards a more promising and flexible financial future for your business.