Medici Bank To Start Taking Clients This October

The newly restarted crypto-friendly Medici Bank has been reported to start taking in clients next month with a private beta for select clients.

According to the banks CEO Ed Boyle, the Puerto Rico-based bank will be working to test its onboard process, web portal an application interface with five international companies.

Boyled did not disclose the companies that will be participating in beta testing but hinted that three of these companies are related to cryptocurrency business with at least one being a cryptocurrency exchange.

He adds that there are great opportunities in banking services for cryptocurrency-related businesses as there are fewer than 10 banks on the entire planet that can be considered cryptocurrency-friendly.

The bank plans to release its banking services to the general public in the first quarter of 2021 with a target of reaching $1 billion in combined assets within the next three years.

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