AstraLabs has announced the upcoming launch of AstraBank, set to go live on Monday, November 11th for users. With AstraBank, AstraLabs aims to bridge the gap between crypto and traditional finance, enabling secure, AML-compliant transactions accessible to everyone. This platform represents a major step toward mainstream adoption of crypto for everyday purchases.
- Launch Dates: AstraBank’s e-banking app will be available on November 10, with full launch on November 11.
- Exclusive Metal Cards: $ASTRA holders can soon access Prime, Royal, and Elite metal cards, each offering premium benefits.
- AML Compliance and Flexibility: AstraBank ensures KYC/KYB compliance and allows merchants to choose between fiat or crypto payments.
AML Compliance and Seamless Transactions
With AstraChain, AstraBank claims to have tackled one of crypto’s biggest hurdles: integrating Anti-Money Laundering (AML) compliance into a seamless payment system. Every merchant using AstraChain must complete KYC/KYB verification, making each transaction transparent and compliant. This robust framework enables secure transactions while simplifying crypto payments for merchants.
Automatic Conversion Between Fiat and Crypto
AstraBank gives merchants flexibility. They can receive payments in either fiat or crypto, thanks to an automatic conversion feature. This system allows for instant, secure transactions without the risks typically associated with crypto payments. AstraChain serves as the exclusive channel for processing transactions, making it highly secure and impossible to manipulate.
Scalability for Mass Adoption
According to the Astra team, AstraBank is designed to handle hundreds of millions of transactions daily, AstraChain enables seamless integration of crypto payments into everyday life. From local cafes to large retail chains, AstraBank aims to bring crypto to everyone. AstraLabs envisions a future where crypto becomes a universal currency, with every transaction contributing to a secure and scalable ecosystem.
