Bankera’s Co-Founders Announce Acquisition of the Pacific Private Bank Limited

Feb 02, 2018 at 09:52 // News
Bankera announces acquisition of the Pacific Private Bank Limited

Bankera’s co-founders have proudly announced their acquisition of Pacific Private Bank Limited, but have added that the Pacific Private Bank and Bankera will remain separate projects. Bankera will now focus on developing its infrastructure through blockchain technology in 2018.  

Founded in 1997, with over 21 years of experience in the industry, Pacific Private Bank specializes in wealth and asset management services for individual clients.In this time the PPB has developed an IT infrastructure to support complex banking operations and steadily grow its client base.

Pacific Private Bank and Bankera aim to work together as a whole but dedicate themselves to specific goals within their partnership. The bank will focus on fiat-based financial solutions and Bankera will aim to provide both fiat and crypto solutions worldwide.

Within the new partnership, the managerial structure will remain the same as previously.  Current bank managers Mantas Staliūnas and Algirdas Purkėnas will continue to work as Managing Director and Treasurer, while Audrius Žiugžda and Martin St-Hilaire will continue as the bank's Directors.

In addition, they will now act as members of Bankera’s advisory board, sharing their advice and insights with Bankera's team. Žiugžda and St-Hilaire have been publicly acknowledged for their extensive knowledge and professional insights in the M&A sector, banking operations, also international experience in fields of auditing, accounting, banking, taxes, and risk management.

A Building Block of Bankera

Bankera is building a fully digital crypto-bank and an operational fork of SpectroCoin.

It boasts over 700,000 clients, 5 years experience in the blockchain industry and offers an all-in-one solution for cryptocurrency users.

Bankera aims to empower the Pacific Private Bank with bank-level blockchain technology and has taken the first step towards this by joining forces with the Private Bank, and also connecting it to the Ripple network.

In doing this Bankera aims to enable cross-border transactions. The company has already attracted interest from some leading global banks such as Santander, UniCredit, UBS and Standard Chartered. In addition,blockchain-based identity management and KYC solutions are set to be implemented at the Pacific Private bank to improve client onboarding.

On November 27th Bankera launched its ICO sale,  attracted over 65,000 contributors,

A record ICO in terms of contributor numbers, at the time. Bankera also managed to raise over 25 million euros in three weeks, which made it one of the largest public open pre-ICOs on record. The company has so far raised 80 million euros and is determined to meet the hard cap of 177 million euros.

Bankera is conducting its ICO on SpectroCoin platform so contributors will have more than 20 payment methods when to purchase their BNK tokens. These include a variety of cryptocurrencies, such as ETH, BTC, DASH, XEM and other popular coins.  

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