Cryptocurrency bank BCB Group plans to launch a USD instant settlement system in early the second quarter

ChainCatcher news, Oliver von Landsberg-Sadie, CEO of the crypto bank BCB Group, stated that the company is accelerating the addition of an instant settlement system for US dollar fiat to cryptocurrency to fill the market gap left by the suspension of the Silvergate Exchange Network (SEN). It is reported that BCB launched its instant settlement network in mid-2020, applicable to euros, pounds, and Swiss francs.

Previous report, in late February, insiders revealed that BCB Group is raising funds through convertible notes. According to RootData data, BCB Group completed a $60 million Series A funding round in January last year, which was the largest Series A funding round in the UK blockchain industry at that time. (CoinDesk)