SnapSwap and Wordline launch partnership

Lux Future Lab » SnapSwap and Wordline launch partnership

snap swap-gloneta-launch-worldline 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.

lux future lab is proud to host this innovative startup and is looking forward to be among the first users of using Gloneta in August.piggy_login (1)


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