Milestones Plan: Additional Licensing, Trust Management and VISA and MasterCard Membership

We continue to inform you about the Milestones Plan of the first social cryptobank Datarius.

Additional Licensing
As the user base grows, we will obtain additional state licenses in different countries. This will helps to step up the penetration of the bank into new markets, as well as will increase the users’ confidence in the platform.

Now Datarius experts study and analyze different ways of licensing to be able to promptly pass all procedures as it becomes necessary.


Trust Management

This instrument allows to entrust another user with powers to manage funds for making payments, loans, and a profit. Trust management is a good alternative to traditional deposits.

The funds placed in trust are stored in a specially designed wallet, which protects the owner of funds from improper or risky spending of money by the trustees. You can set limits for funds in trust: the trustee will be able to issue loans within the volume that doesn’t exceed 50% of the total fund amount, or to make payments out of these funds to the specified accounts, but will not be able to acquire a certain type of cryptocurrency.

Due to this functionality, the owner of the funds can be confident that his/her money is used within the pre-established rules.

VISA and MasterCard Membership

VISA and MasterCard are the most popular payment systems in the world. According to VISA statistics, the annual volume of transactions within the system makes up more than 6 trillion dollars, and the number of transactions exceeds 140 billion.

The membership in payment systems is a logical consequence of the customer base growth, the transactions volume increase and enhanced interaction with traditional banking structures.

As the customer base grows, Datarius will become a full member of Visa and MasterCard.