The Medici Bank founded 5 centuries ago intends to use Blockchain!
One of the world’s oldest banking dynasties has initiated what they call a “new renaissance”. Prince Lorenzo de Medici is the direct heir to one of the Italian families that ran one of the banking empires in the 15th century.
Medici Bank (MB), aims to offer faster, cheaper and more transparent services, according to the statement issued this Wednesday. That is why they argue: “MB was born out of frustration with the current financial services landscape.
It should be noted that the new institution will provide services to Cryptocurrency companies, as well as other more traditional clients, such as family offices.
Prince Lorenzo de Medici, president of Medici Bank, said he was motivated by the advances in Blockchain Technology to start the new company, which aims to “create seamless digital customer experiences and expand financial opportunities in global markets”.
Lorenzo de Medici established the bank with Ed Boyle, former CEO of America at Fidor Bank and vice president and general manager of American Express’ prepaid card company.
De Medici said the following:
“The original Medici Bank of Florence, founded by my family in the 14th century, has revolutionized the world economy. Many of its innovations, which have contributed to the development of international trade, such as holding companies, double-entry accounting and letters of credit, are still in use”
In Medici Bank’s statement, the Bank claimed that it is a fully licensed bank registered in the USA with its registered office in Puerto Rico. Ed Boyle explained that although Medici Bank is willing to provide services to Cryptocurrency Companies which meet the requirements of due diligence processes, but that this is not the only goal of the bank’s operations.
The Medici family has been one of the most important families in the financial history of all time. The origins of the Medici Bank date back to the early 1400s after Edward IV, the King of England, faced difficulties in paying his debts. However, the Medici dynasty began seeking to expand its influence into other domains, with four relatives acting as Catholic popes in the 1500s and early 1600s.
It can also be said that several of today’s banking foundations were created by the original 15th century Medici Bank, based in Florence.
Media: criptotendencia
