MELD Becomes an EMI to Bring Fiat and Crypto to the Masses
Debit cards, international payments, multiple currencies, a non-custodial DeFi wallet, and more!
It’s more than a year since the launch of MELD, and the work done over the past year is finally paying off as MELD becomes an EMI. With this, MELD Neobank is born with plans to launch banking services coupled with a DeFi wallet. Fulfilling the goal of bringing crypto and fiat together in a seamless user experience.
The MELD Neobank takes us a step closer to our vision of creating an ecosystem that empowers individuals to regain financial control by providing them with the tools and services they need to manage their money (and crypto) on their terms.
As a result of becoming an EMI, the MELD Neobank will bring traditional banking services such as SWIFT and SEPA transactions, IBAN accounts, and debit cards to its users. Additionally through a partnership, the MELD mobile app will offer users a non-custodial crypto wallet to hold their crypto, seamlessly transfer on the blockchain, and swap between fiat and crypto.
Fulfilling this vision requires us to build a platform that is able to bridge the worlds of crypto and traditional money so people can benefit from both. Built on Web3 technology MELD is improving traditional finance services while creating an all-around crypto-friendly banking experience. This will empower users to take full control over both their crypto assets and fiat currency.
Scheduled to launch in early summer, the Neobank mobile app follows the debut of MELD’s DeFi Protocol mainnet. The Neobank will offer debit cards to users, allow users to make payments, set up cross-border transfers and remittances, maintain a non-custodial DeFi wallet, support multiple currencies and blockchains, and much more. This is the second step in providing a bridge between DeFi and Traditional finance.
The focus of the MELD Neobank is to provide a seamless and friendly experience when using traditional currencies like USD and Euro, a no-hassle Crypto wallet for sending and receiving tokens as well as a one-click bridging of tokens between blockchains. The commitment to user-focused design and experience extends to traditional finance. Users will be notified about potentially fraudulent debit card use via the mobile app or phone call without shutting the card down. MELD is committed to working with customers to make banking as smooth as can be.
We are thrilled to be able to bring a transformational user experience to the growing industry and look forward to serving users with the highest level of service and technology. Stay tuned for more updates as we get closer to the launch date.
Once again, thank you for your support and we look forward to helping you #BeYourOwnBank.
MELD — Be Your Own Bank
We think it’s essential for everyone to gain control of their financial lives and have equal access to financial instruments used by professionals, not just centralized institutions, governments, or the 1%. We want to provide financial freedom and control to the masses, including the unbanked.
We have a long-term goal to enable the $15 trillion that is currently locked out of the global economy, including 2 billion individuals worldwide that are either underbanked or have no access to banking services whatsoever, access these tools. These are the people that are paying the highest fees, and getting the worst customer service, and they are the ones that are having the most problems.
Our vision is to create an ecosystem that empowers individuals to regain financial control by providing them with the tools and services they need to manage their money on their terms. Whether that be creating a collateralized debt position (CDP) with cryptocurrency, earning an interest return for lending fiat to borrowers, or even participating in reward incentive programs, we strive to provide our users with the functions they need to manage their own financial lives.
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