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November 24, 2020
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Coinquist “a startup that changes Polish banking” – Blocksats

Poland cryptocurrency exchange Coinquista was recognized by PKO Bank Polski (BP) as one of “Startups that change Polish banking.” This is an important distinction and proof that our banking sector is looking more closely at the market blockchaina and cryptocurrencies.

Coinquista is one of the most interesting startups

PKO BP on its website StartUp The Bank publishes information about the most interesting startups on the market. The list also includes projects from the cryptocurrency and blockchain market.

About Coinquista:

“The Polish cryptocurrency exchange, entered into the register of small payment institutions kept by the Polish Financial Supervision Authority. Coinquista combines the traditional world of finance with modern technology, providing users with unlimited access to digital assets. “

We have already written about the company many times. During the interview given to us in February, the president of the board of the company, Michał Stryjewski, noticed that the platform’s priority is safety:

“Yes, the security of platform users’ funds is our priority. So we have undertaken a number of works to prevent the theft of cryptocurrencies or traditional fiat currency from the platform. The most important element is cooperation with an external American company BitGo and payment processors from Poland. digital assets they are supposed to remain on cold wallets – in other words, they will be on devices not connected to the internet. In practice, hackers do not have access to them. BitGo offers this through a partnership with Genesis Global Trading Inc. and multisiganture technology. “

It is worth noting that PLX seems to be one of the most interesting Coinquista functionalities implemented so far. As Stryjkewski claims “It is the digital equivalent of the Polish Zloty, which can only be used for trading on our platform. Its value is constant and amounts to PLN 1 to 1 PLX. You can exchange it for any kryptowaluty, available on Coinquista.com, i.e. Bitcoin whether Ethereum. However, if you are withdrawing PLX, enter the bank account number and the recipient’s details, then confirm your transaction using 2FA and you’re done. Transactions are carried out expressly, e.g. using BLIK. This is not only a convenient but also very secure solution, which I emphasized in the previous question. “

The entire interview is available here.

Other startups

However, these are not all projects from the blockchain market that have been highlighted on the bank’s website. Also described include Billon, who is characterized in the following words:

“Creator of efficient and scalable distributed registry technology for business. Billon, with the help of blockchain, combines national currency transactions, document saving and identity management within one system. And all this in accordance with applicable regulations. “

In turn, Coinfirm says:

“Coinfirm is a leading global provider of technology-based solutions blockchain for clients from the financial institutions segment. He is also a pioneer in the field of technologies used in the process AML and risk analysis using digital currencies. “

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