Bitlemoon, which owns Bitlem, has been developing its network of cryptocurrency services in preparation of the crypto bank, which will provide clients with a physical and/or a virtual debit card that it claims will be accepted in thousands of stores in 130 countries around the world. Bitlem says there will be no hidden fees for converting cryptocoins into local currencies.
The bank will also allow users to carry out transactions over the phone and through their crypto wallet, enabling them to receive, store, convert, spend and transfer fiat currency as well as cryptocurrency with the security that blockchain technology provides.
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