SnapSwap, incubated at lux future lab since January 2016, is the first Fintech being granted a bit-license in Europe. This Thursday, July 7th, is a big day: Snap Swap and Worldline are officialised their partnership and announce the launch of Gloneta in August.
Worldline is a financial transaction processing company, part of the Atos group, employing more than 7,300 employees worldwide, posting a turnover of 1.22 billion euros in 2015.
Worldline and SnapSwap announce the launch of Gloneta in early August, a mobile money transfer application, which will be available on iOS and Android in all countries of the European Union. Developed by SnapSwap, Gloneta combines a mobile messaging application (chat) with instant transactions between same currencies (for free) and inter-currency through blockchain. Three currencies are currently planned: the euro, the pound sterling and the US dollar. The user charges its Gloneta wallet and transfers money from its bank account on its Gloneta account until Gloneta has a feature to connect credit cards.
According to Paperjam, this special partnership illustrates the current movement in the financial sector:
1) a desire for the big players to take advantage of the new models proposed by FinTech;
2) a need for electronic transactions through innovative channels and within a regulated framework;
3) and the indispensable blockchain .
“The expertise of Worldline in electronic payments and its unique solutions in risk management will enable SnapSwap’s Gloneta to extend its offer beyond the individual platform to a greater number of beneficiaries ,” says Denis Kiselev, founder and CEO of SnapSwap.