Razormind to Set Up Blockchain Banks in Europe, Invest in Bitcoin ATMs

The Blockchain consulting company, Razormind, announced that it is planning to set up two bank locations (in Belfast and Paris) which will be using Razormind’s DeOS platform. The banks will allow deposit/withdrawal services for local Bitcoin payments. Razormind reports that both facilities should be active and ready to use by 2017.
DeOS is Razormind’s operating system which uses Blockchain technology for storage. Documents, pictures, etc are all placed on the secure decentralized storage Blockchain. DeOS tokens will be used to register assets, create smart contracts and identities. It will be released in October 2016.
Phil Sturgeon, Razormind’s Director of Legal and Compliance, says:
‘We believe innovation is about building the world into a better one each day, and that the time for tackling poverty and predatory loan practices is now. We’re excited to spur growth in Northern Ireland and France and develop Blockchain systems which offer advantages to everyone in the economy. Our commitment to responsibility is good for the community, good for our business and good for the European economy.’

This post was published at Coin Telegraph on 2016-09-07.