Although Bitsafe accounts are denominated in Euros, plans are in the works to also show them in British pounds and U.S. He said Bitsafe accounts have a unique Dutch IBAN number, and a central bank stores the funds, allowing customers to access funds immediately. Traditionally, banks are only allowed to offer accounts to customers in their home country or region, however, Joost Zuurbier, chief executive of Bitsafe, said that new European legislation allows users to offer accounts globally. Bitsafe is headquartered in Amsterdam, Netherlands and has satellite offices in Czech Republic, Lithuania, Hungary and the United States.Bitsafe, a Dutch fintech firm, has launched a borderless basic payment account, which allows customers to deposit funds, make payments and access funds online or using a mobile device, according to a company press release. Bitsafe is licensed as an Electronic Money Institution and is allowed as such to issue basic payment accounts globally not using a BSN, but with its unique KYC technology.Ībout Bitsafe: Bitsafe secures payments, money and other digital assets of businesses and individuals worldwide independent of their trade, profession, race, ethnic or social origin, gender, religion or sexual identity. While banks in the Netherlands require a Dutch social security number (BSN) to open up an account, no BSN is needed to open up an account at Bitsafe. UA domain are currently all located outside of the Ukrainian territory, making these domain services not a target for intruders.īitsafe is a proud member of the Dutch Payment Association, alongside other members, such as ING and ABN Amro. UA top level domain registry that servers which are running the. ua top level domain as it amplifies the Ukrainian nationality. They would need an active email address, a Ukrainian form of ID and a mobile phone. New applicants may visit to apply for an account. "With our unique KYC and transaction monitoring systems in place we are positive that we can provide the benefits of opening basic payment accounts to the displaced persons from the Ukraine, while staying fully compliant with the EU and Dutch AML/CFT laws." "Bitsafe follows a risk-based approach when providing our services and we take advantage of the flexibility enshrined in EU anti-money laundering and countering the financing of terrorism (AML/CFT) laws", Mr. Bitsafe ensures that, in line with the Payment Accounts Directive (2014/92/EU), displaced persons from Ukraine have access to open and use payment accounts which will provide them with basic payment services. On 4 March 2022, EU Ministers activated the Temporary Protection Directive (2001/55/EC) which introduced temporary protection and support to persons fleeing Ukraine as a consequence of the war. Once there is money in the Bitsafe account, the free debit card allows them to immediately engage in transactions and start buying food, clothing and other necessary products and services which we all deem to be a normal necessity to live and work in the European Union."īitsafe answers the call of the European Banking Authority, made earlier this month, to facilitate access to basic payment accounts. But we know and understand that the majority of the Ukrainians have an understanding of basic English. However, the Bitsafe App and the monetary web interface are both in English. "We have launched a special website, in the Ukrainian language, to cater for the Ukrainians who are residing here in Europe. "New account holders are boarded in a few hours, sometimes even in minutes", says Leif.
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