Zug, Switzerland, October 19, 2023 (GLOBE NEWSWIRE) — In these economically uncertain times, many people are looking for safer and more versatile ways to manage their finances. Ocean Money is here to meet this need.
The platform offers a full range of financial services, from neobanking to cryptocurrency and wealth management.
Ocean Money’s mission is simple: to give you the tools you need to be financially successful now and in the future. Neobanking and Beyond Ocean Money’s entire founding team is deeply immersed in the fast-paced world of cryptocurrencies and understands the value of traditional finance. That’s why the project seamlessly combines standard banking services with alternative digital assets.
Whether you’re investing in new cryptocurrencies or just paying your bills, Ocean Money is here for you. Neobanking Service When it comes to managing your finances, Ocean Money does not neglect the foundation of any financial service and offers a wide range of features:
- Multi-currency accounts: Whether you trade in dollars, euros or yen, Ocean Money has you covered.
- Fast Money Transfers: Need to send money quickly? Ocean Money ensures that your transactions are as fast as they are secure.
- Bill Payment Dashboard: Forget the hassle of logging into multiple websites to pay your bills. Do everything from one place.
- Budgeting Tools: Stay on top of your finances with easy-to-use budgeting tools that help you save more and spend wisely.
Crypto Service For those looking to venture into the digital currency space, Ocean Money offers:
- Secure Digital Wallets: Store your digital assets without worrying about security breaches.
- Currency Conversion: Seamlessly convert your traditional money into cryptocurrencies and vice versa.
- Yield Farming: Do you want to earn more from your digital assets? Try yield farming.
- Staking: Lock your cryptocurrencies to earn additional tokens and grow your investment.
The beta crypto service will go live in October 2023. So if you’re interested in being one of Ocean Money’s first adopters, stay updated by following them on X.
Accessibility and Inclusion Financial inclusion is at the heart of the Ocean Money project. To make this a reality, the platform offers the following:
- Low-barrier investment opportunities: Invest in opportunities starting at just $100.
- Crypto Topics: Diversify your crypto investments without having to manage multiple wallets.
- Trading Funds: Let the experts manage your investments to achieve optimal returns using regulated trading funds.
- Tokenized BTC Mining: Participate in Bitcoin mining without the need for special hardware.
Ocean Money Licenses and Authorizations Breakdown
SRO VQF asset manager
Ocean Money is supervised by VQF SRO, which is officially recognized and regulated by FINMA. This supervision allows Ocean Money to legally operate as an asset manager. FINMA’s task is to monitor companies to prevent money laundering and terrorist financing.
Virtual Asset Service Provider (VASP)
Ocean Money expects to receive its VASP license this year, giving the platform the authority to offer various services. These services include exchanging fiat currencies for cryptocurrencies, cryptocurrencies for fiat currencies, and cryptocurrencies for cryptocurrencies, as well as the safe custody of these assets. This license ensures that Ocean Money’s crypto services operate within a regulated framework.
Cryptoassets: AML/CTF regime
In order to legally offer its crypto services in the UK, Ocean Money is in the process of registering with the Financial Conduct Authority (FCA) under the Crypto Assets: AML/CTF regime. This is necessary as most crypto assets are still unregulated in the UK.
EMI distributor license
Ocean Money is in the process of acquiring an EMI distribution license for the UK and EU through its partner. This license allows the Platform to distribute or redeem electronic money through partners with accounts directly with the Bank of England and De Nederlandsche Bank (Bank of the Netherlands).
Membership in a card scheme (Visa or Mastercard)
Ocean Money gets a Card Scheme membership, which allows the platform to issue Visa or Mastercard debit cards to its users. Users can fund these cards with either fiat or cryptocurrencies.
Why choose Ocean Money? Ocean Money offers a wide range of services and places great emphasis on user experience. This makes Ocean Money a reliable partner on your financial journey.
From robust security measures to customer service that actually serves, the platform is committed to providing a seamless and secure financial experience for all users. Conclusion: Ocean Money is on its way to building a cohesive ecosystem that meets the diverse financial needs of its users. From neobanking to advanced investment options, Ocean Money is a one-stop solution for all your financial needs.
For more detailed information, please visit the Ocean Money website: https://ocean.money
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