poundtoken is delighted to partner with Damex.io – a digital asset OTC desk and payments platform with a new challenger bank application with move to earn features that reward users for being active in crypto & NFTs.

Damex.io’s application is essentially a challenger bank: a payment platform, debit card & mobile app. Since 2017, the business has processed over €2 billion in transactions, and cater for both retail users and businesses looking to buy, trade and store various digital assets in a safe & regulated environment.

Damex.io was among the first regulated digital asset OTC desks as a DLT Provider in Gibraltar. More recently, Damex.io is an authorized EMI distributor under MODULR Finance, registered by the FCA and the GFSC, which allows Damex.io to issue IBANS and sort codes to clients within the Damex ecosystem. Damex.io is also registered as a VASP in the European Union and is currently extending its EMI permissions with Modulr to cover the whole of the European Union. Think of Damex.io as your banking app, your crypto app and your activity app all rolled into one. You can receive your salary into Damex.io, and even pay your bills from within the app too.

Jason Geary, Head of Business Development at Damex.io states: “As one of the first licenced & regulated DLT providers in Europe, we take our clients safety and security very seriously. We have undertaken due diligence on poundtoken.io and it’s parent company, Blackfridge SC Ltd, and we are happy to be in the position to be able to offer the stablecoin within our ecosystem.”

Mike Crosbie, Chief Business Officer at poundtoken.io added: “Damex.io connects health and wealth in a way not seen before, and we love the use case of rewarding users for being active with crypto. We regard GBPT as a safe harbour on chain, and we are delighted that Damex.io users can now convert their crypto into our regulated GBP stablecoin for peace of mind and a hedge against digital asset volatility.”

For more on Damex.io, please see https://www.damex.io

For more on GBPT, please see https://www.poundtoken.io