24 Feb '14, 12pm

Bank-like Bitcoin Portal Neo Opens First Branch in Cyprus

Bank-like Bitcoin Portal Neo Opens First Branch in Cyprus

The world’s first brick-and-mortar bitcoin deposit and financial services portal, Neo, opened the doors to its flagship branch in Cyprus at 10:30am local time today. Neo is the ‘bank-like’ arm of bitcoin business twins Neo & Bee , with Bee serving as the payment processing network. Cypriot residents will have access to services “allowing them to interact with their money like they would with Euro deposits in any traditional bank”, including deposit, savings, business and merchant accounts. If successful, Neo promises to engrave 24th February 2014 as a landmark date in bitcoin’s history. Economist, author , and bitcoin fan Tuur Demeester attended today’s launch and is hopeful it will set a precedent for similar bitcoin services everywhere: “Bitcoin is a hero who gives financial autonomy back to the people, that’s the gist of Neo’s marketing campaign. This is a message that ...

Full article: http://www.coindesk.com/bank-like-bitcoin-portal-neo-open...

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