1. Who Can Apply for Blockbank Funding?
Blockbank loans are designed only for commercial entities, governments, and institutions. Individual applicants cannot apply for Blockbank’s commercial funding.
If you are thinking of starting a small business, kickstarting a local governmental project, or looking to funding a service on a commercial level, Blockbank’s bespoke funding could be for you.
We provide asset-backed FIAT commercial loans, available on our global platform, for faster, cheaper financial products, with better security than ever before.
2. How Do I Apply for a Blockbank Loan?
It’s very simple to apply for commercial financial products with Blockbank.
Simply fill in our online application form outlining your project intentions, and funding requirements. After we verify the information, our panel will review your application. Once the application is successful, your funds with be sent straight to your bank account.
3. How Do I Receive My Funds?
All Blockbank loans are paid in FIAT currency. They will be sent directly to your bank account for you to manage from this central point.
In the case that you do not have a bank account, bespoke arrangements can be made to transfer funds straight to suppliers and merchants.
4. What is Accepted as Collateral?
5. Where Does Blockchain Come In?
Blockbank is the first fully licensed bank on the blockchain. This means that Blockbank has set itself apart with its dynamic banking solutions. By offering commercial loan products on the blockchain, Blockbank are able to offer low-cost loans with higher security and an immutable audit trail.
Blockbank uses blockchain technology in two main ways. Firstly, through the innovative use of smart contracts, Blockbank are able to automate functions, increasing accuracy and speed, while cutting out expensive, arduous middlemen.
Secondly, all transactions executed through Blockbank, including all smart contracts, are encrypted and securely recorded on the blockchain, leaving an immutable audit trail, ensuring privacy and security.