Mantle, an innovative ecosystem with over $3 billion in assets under management, has announced the launch of UR — a neobank operating on the blockchain. This service provides users with the ability to manage their finances within a single account.
What is UR?
UR is a new neobank that combines access to traditional finance and blockchain technology. With UR, users will be able to manage their finances in over 40 countries using a multifunctional account and debit card.
Key Features of UR
UR allows users to open IBAN accounts in various currencies, including EUR, CHF, USD, and RMB. The system supports transfers through both traditional methods and cryptocurrency networks such as Ethereum and Arbitrum. In the future, UR will add decentralized finance features, including yield and crypto-collateralized lending.
Future of UR and Plans for 2025
UR plans to gradually introduce new features like foreign exchange, access to investment products, as well as mobile applications for iOS and Android. Full access to the service will be available later this year, in Q3.
The launch of UR highlights Mantle's commitment to bridging traditional and decentralized finance, creating a simple and intuitive interface for users.
