Blockbank Buys Stake in in Kenya’s Spire Bank

Digital decentralized commercial banking entity, Blockbank has acquired a stake in Spire bank, a prominent Kenyan institution. This partnership will initiate integration of commercial banking services into crypto entities, businesses, and governments globally – creating dynamic access to more affordable funding opportunities to accelerate economic growth.

Spire Bank will be instrumental in facilitating a wide variety of International Crypto banking activity in association with Blockbank, to present the world’s first fully licensed crypto bank with low-cost funding availability.

Blockbank will provide lower cost funding solutions via Spire’s infrastructure, utilizing a DDMS smart contract blockchain system. The low-cost funding options will be provided for emerging markets and entities worldwide.

The collaboration of these two organizations will be a major breakthrough in fostering the development of low-cost funding options for governments and commercial entities worldwide – particularly in developing economies without current access to these services.