Fasqon, founded in Lisbon, introduces a new Web3 banking platform that combines traditional banking tools and cryptocurrency payments.
Challenges of the Traditional Banking Sector
Modern entrepreneurs in Spain and Portugal are increasingly frustrated with outdated banking systems. Issues like excessive paperwork, frozen accounts, delayed transfers, and lengthy KYC procedures negatively impact business. Founders are wasting time trying to adapt to a system that does not meet modern demands.
Fasqon's Integrated Financial Platform
The Fasqon platform offers a unique solution, allowing users to open a bank account and crypto wallet in minutes. Each crypto card is linked to a unique personal IBAN, enabling instant euro and crypto transactions. Users can earn passive income simply by holding assets in the Fasqon wallet.
Company Partnerships and Strategy
Fasqon has partnered with Bison Bank to ensure compliance and operational excellence. The platform is tailored to meet the needs of local users and entrepreneurs, supporting local payment systems and aligning with European regulatory frameworks. Orest Petryna, founder of Fasqon, noted that the aim of the company is to solve real problems faced by users in both banking and cryptocurrency services.
The Fasqon platform aims to democratize access to modern financial tools, representing a significant step forward in the evolution of banking services that meet user needs in Europe.
