The European Blockchain Partnership Acknowledges the Huge Potential Of Blockchain Technology

In 2018 blockchain made another large step forward towards general acceptance. Earlier this year, 22 countries came together to establish the European Blockchain Partnership. The partnership was established among these countries to facilitate mutual cooperation in terms of the application and regulation of the technology. The creation of such a partnership positions Europe as a lead player in blockchain development and application.

According to BlockchainNews, the European Blockchain Partnership (EBP) “is expected to contribute to the creation of an enabling environment, in full compliance with EU laws and with clear governance models to help services using blockchain technologies grow throughout Europe.”

The EBP will “support the delivery of crossborder digital public services, with the highest standards of security and privacy,” according to an EU press release. The press release continued honing in on the benefits of the technology, highlighting the fact that the technology promotes user trust, “makes it possible to share online information, agree on and record transactions in a verifiable, secure and permanent way.” The release further emphasized the fact that “the technology is being successfully tested, mostly in financial services and will become more operational and integrated into increasing number of digital services.”

Just several months following the formation of the EBP, Denmark signed a declaration to join its other 22 countries in June. Danish minister for Industry, Business and Financial Affairs Brian Mikkelsen said in a statement that “blockchain goes across borders, and a joint European cooperation is crucial to ensure future-proof standards and solutions. So I’m very pleased that we have now signed this declaration.” Including Denmark, five additional european countries joined the partnership since the foundation in April, with Italy being its newest member since the 27th of September 2018.

Spot9 is fortunate to be based in Germany, a country that is fully aware and embracing the benefits that blockchain technology and crypto currencies will bring to the world. We will be the world’s first bank to offer full service for crypto holders. Our goal is to offer customers an easy introduction into the world of cryptocurrencies while remaining fully regulatory-compliant. Spot9 means smart banking for smart people. Learn more at spot9.de.

About spot9:

The Berlin-based Fintech start-up Spot9 is planning to become the world’s first bank that offers full crypto services. Smart banking for smart people — this is why Spot9 is focused on digital and mobile banking products with fully integrated fiat and digital currencies. These include highly secure and transparent real-time cryptocurrency transactions as well as smart contract-based banking solutions.

Spot9 is going to expand the cryptocurrency infrastructure in Germany and other European Countries through the offering of financial services like crypto ATMs, global crypto credit cards, point-of-sale (PoS) devices, and comprehensive mobile banking solutions. Spot9 will announce an ICO later this year to offer one of the first German security coins. It is soon be made available on www.spot9.de