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MIAMI, FL (October 5, 2021) — Ibanera, a global digital banking platform and financial services provider, today announced the launch of its new payments product, BitLine, a first-of-its-kind, patent-pending, platform designed to securitize crypto assets and create liquidity for use in markets that have not yet adopted crypto acceptance, including the gaming sector.
Through the mobile application, customers can gain instant access to casino chips through the collateralization of Bitcoin, Ethereum, and Stablecoin crypto assets. BitLine provides fixed term financial guarantees for customers backed by the digital asset collateral safely held in custody. Through this, customers can keep their digital assets intact and engage vendors through a credit or a financial guarantee, without the need to sell their assets, creating a taxable event as a result.
BitLine is an optimal and convenient solution for customers seeking higher limits beyond existing fund sources, customers who need funds but do not qualify for lines of credit, and those who currently hold crypto assets but don’t want to liquidate them.
BitLine is supported by cryptocurrency advisory firm BitAML in addition to digital asset AML and KYC platforms Fireblocks and CipherTrace to ensure clients receive optimal compliance support services.
“BitLine is poised to revolutionize the gaming industry by offering safe and secure access to digital assets to patrons worldwide,” said Bjorn Snorrason, General Manager of Ibanera. BitLine delivers 24/7/365 access to funds inside the casino environment at a cost and scale previously unattainable by a single provider.
About BitLine
BitLine is a leading provider of cryptocurrency guarantees for the industry globally. We assist cryptocurrency customers to make better use of their virtual assets by providing them with the ability to turn them temporarily into guarantees. These guarantees can be used as credit lines with multiple vendors within the industry in the USA. For more information, visit bitline.io.
About Ibanera
Ibanera is a global digital banking platform and financial services provider. We develop tailored fintech solutions for banks, corporations and entrepreneurs worldwide.
We specialize in cross-border payments, currency conversion, mobile banking, merchant services, and OTC digital asset services. Ibanera has leveraged strategic partnerships with CipherTrace, Fireblocks and Refinitiv to expand Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance programs. Regulated in the United States, Canada, Europe and Singapore, Ibanera positions itself as a competitive
fintech leader with a credible global footprint. For more information, visit ibanera.com.
Disclaimer: This is a sponsored press release. CryptoSlate is not responsible or liable for any content, accuracy, quality, advertising, products or other materials associated with this press release. Readers and consumers should conduct their own research prior to taking any actions related to the company. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content, goods and/or services included in the press release. Please read our full dislaimer/disclosure statement here.
