Oliver von Landsberg-Sadie: BCB intends to replace Silvergate in the banking market – Bits Media

The founder of BCB Group announced the intention to fill the hole, left behind by the closure of the Silvergate Exchange Network (SEN), providing crypto market participants with the opportunity to seamlessly conduct transactions in US dollars.

Oliver von Landsberg-Sadie (Oliver von Landsberg-Sadie) He assured, that all preliminary events will be completed by the beginning of the second quarter of the year.

BCB, based in London, has become one of the first regulated cryptocurrency payment integrators, who received
British financial operations license from the British regulatory body Financial Conduct Authority (FCA).

BCB launched a network of instant calculations and exchange of liquidity BCB (Blink) in the middle 2020 of the year. This is a calculation system, in real time functioning, Similar to SEN, which until recently processed transactions of participants in the European crypto in euro, British pounds and Swiss francs.

Landsberg Sadi says, what, Unlike SEN, BLINC payment platform is not subject to restrictions on one credit institution. This is ensured by decentralized BLINC design, which offers access to multi -ore transactions at once several banks in Europe, Switzerland and Great Britain.

BYBIT crypto -tank on Monday, 6 Martha. announced
On the temporary termination of bank transfer processing in dollars, Including SWIFT payments. Cause: Service failure by one of the posts of the exchange. Although the crypto -rope did not name the financial partner, involved in the suspension of bank transfers, Part of the crypto community suggests, that the reasons for the termination of operations are associated with the closure of the exchange network Silvergate Exchange Network.