NextBank secures $950,000 in seed funding!

   NextBank, the world’s first international Bitcoin bank, has announced that it is targeting a 2016 launch date as NextBank has successfully secured funding and is now opening its early registration process.

NextBank has raised a total of $950,000 in seed funding, $600,000 of which came from the company's founder Dim Voloshinsky. Another $330,000 was received in late October from an angel investor, and the remaining $20,000 probably came from registration fees and small investors.

The shares are valued at $100 each, which translates to 2.4% for Mr. Voloshinsky, 1.3% for undisclosed angel investors and 0.08% for small investors. If NextBank reaches its $250 million fundraising goal, that would leave 96.2% of the shares unclaimed.

About NextBank:  

NextBank, a Bitcoin bank, will begin operations in early 2016 and offer international debit cards and private banking accounts to cryptocurrency users around the world. NextBank accounts can specify both fiat currencies and digital currencies such as Bitcoin. NextBank will offer fiat currencies, cryptocurrencies and precious metals such as Bitcoin, Litecoin, gold, silver, platinum, palladium, British Pounds and US Dollars in one multi-currency account. A single NextBank account will be able to support more than 135 currencies and precious metals. NextBank will also allow SWIFT (Society for Worldwide Interbank Financial Telecommunication) transfers, provide escrow services, and then become a full-featured currency exchange. NextBank will offer the most competitive rates in the market, with the most popular currencies at 0.2% and less popular currencies at 0.4%. NextBank is fully focused on the international market and can provide assistance to customers in more than 50 languages. Professional bank managers will guide customers in their own language, making NextBank a valuable asset for international multilingual cooperation. In order to achieve the best international banking service experience, NextBank plans to launch 7 regional offices around the world in 2016: the United Kingdom, France, Germany, Spain, China, Malaysia and Russia.