2gether Global preps open beta beyond Spain
2gether Global is a “collaborative banking platform” based in Spain, now available in its home country following the launch of its open beta last month.
2gether says it is not just another challenger bank aimed at displacing incumbent banks. Rather, it is a financial platform that “strives to dramatically improve the personal economies of its users”.
“We are building the financial platform that we believe our users would build for themselves; where using cryptocurrencies is as easy as using dollars or euros, exponential technologies such as a liquidity predictor, auto-trading bots and a personal financial manager help users make smarter financial decisions , and the 2GT [bank’s proprietary cryptocurrency, and ERC20 token] enable users to share in 2gether´s revenues based on their individual contributions,” the bank says.
FinTech Futures spoke with Ramon Ferraz, CEO, who explained that the 2GT acts as the engine of the model. Users need to hold a minimum of €10 worth of 2GT to access the services, and they get rewarded for their contribution in 2GT. When regulations allow in the future, 2gether aims to decentralise ownership among the 2GT holders.
The firm says it aims to expand throughout the Eurozone, and it will be rolling out beta launches in the future in different geographies.
It also aims to provide users with IBAN numbers and account management software.
Ferraz has experience in A.T. Kearney, Monitor, Deloitte and limited experience in Deutsche Bank, back in 2008-2009. Victor Dertiano is the current CTO.
The bank was founded by Salvador Casquero, Salvador Carrillo, and Luis Estrada in 2016. It currently has around 30 staff.