Bitcoin Latinum expands Crypto banking with vast bank. BTC Latinum (Bitcoin Latinum), the safe and secure next-generation guaranteed asset-backed cryptocurrency. Today announced the beginning of a strategic cooperation with Vast Bank. A well-established family-owned financial institution that has been servicing consumers since 1982. In order to support Bitcoin Latinum as a custodial currency. The partnership will focus on potential for collaboration, deal flow, and integration among Vast Bank. Bitcoin Latinum, and Monsoon Blockchain Corporation (the project’s principal developer).
Monsoon Blockchain Corporation CEO, Dr. Donald Basile, expressed his excitement. About the company’s latest ground-breaking relationship with Vast Bank. A leader in the financial services industry. Customers will be able to access a greener, faster, and more secure version of Bitcoin. Thanks to their efforts to bring the promise of blockchain technologies to the financial system.
Customers of Vast Bank, which is at the forefront of cryptocurrency integration. It may purchase and sell cryptocurrencies from any location within the United States. By utilizing the Vast Bank Crypto Banking mobile app. Vast Bank became the first nationally chartered bank in the United States. To offer customers the ability to buy and sell cryptocurrencies in addition to traditional checking accounts. Earlier this year, providing customers with the same convenient. Also, personalized service they have come to expect from a leading financial institution.
Vast Bank aspires to set a new benchmark for democratizing access to cryptocurrencies. By enabling clients to manage both their bank and cryptocurrency accounts side-by-side. In a high-tech and secure user interface, backed by world-class technologies, in a single. Seamless experience. In order to provide this service, Vast Bank has integrated with Coinbase and SAP. Among other third-party vendors.
Throughout the nearly 40-year history
“Over the course of our nearly 40-year history. Our dedication to providing excellent customer service has been at the core of all we do. When our customers inquired as to why they were unable to safely purchase. Bitcoin and other cryptocurrencies using their bank accounts. We were inspired to develop an end-to-end solution that would allow them to do so. On a platform they could be confident in using their bank accounts. “Vast Bank’s CEO, Brad Scrivner, shared his thoughts. “We are pleased to examine the possibility of forming a cooperation with Bitcoin Latinum. In order to broaden the range of digital assets that our customers can hold in custody.”
Bitcoin Latinum is now traded on the DigiFinex and Hotbit exchanges with the symbol LTNM. Which stands for Latin American Bitcoin. Monsoon Blockchain Corporation has revealed plans for Bitcoin Latinum. To be listed on ten top-tier public exchanges by the end of 2021, according to the company. The exchanges include, in addition to DigiFinex and Hotbit, HitBTC (the fifth largest by volume at $4 billion). FMFW (formerly Bitcoin.com and operating with $3.3 billion in daily trading volume). Changelly ($2.71 billion in daily trading volume), Bitmart ($1.6 billion in daily trading volume). AAX Exchange ($1.3 billion in daily trading volume), LBank Exchange ($1.35 billion in daily trading volume). Changelly Pro, and XT.com, among others.
LTNM, in contrast to other cryptocurrencies. It is insured and backed by both real-world and digital assets. Its asset backing is held in a fund model, resulting in an increase in the value of the base asset over time. Because it reinvests 80 percent of the transaction fee back. Into the asset fund that backs the currency, it helps to accelerate the growth of these asset-backed funds.
Bitcoin Latinum has a scalable network
For the purpose of facilitating retail transactions. Bitcoin Latinum built with a highly scalable network. That will initially enable up to 10,000 transactions per second. And millions of transactions per day. Bitcoin Latinum’s Proof of Stake (PoS) consensus process assures that the network can handle. The more transactions per minute while charging cheaper transaction fees than other cryptocurrencies. Bitcoin Latinum, which makes use of an efficient consensus method. Provides a significantly better on-chain payment network. When compared to Bitcoin, with transaction confirmation times averaging three to five seconds on average.
LTNM is one of the most environmentally friendly cryptocurrencies currently in existence. And it recently joined the Crypto Climate Accord. Holding LTNM as collateral to stake on the Bitcoin Latinum network. It will result in incentives for LTNM holders. Thanks to the advanced Proof of Stake (PoS) mechanism employed by the cryptocurrency. As a result, there decreased electricity use. The energy usage of LTNM transactions reduced to 0.00015 kWh per transaction.