What is Bitcoin Meister

BitcoinMeister.eu or its german equivalent bitcoin-meister.de is what we call a digital currency bank or DcB for short. Unlike a traditional bank, where people relinquish control of their earnings (and pay for it!) We are here to ensure that people can buy digital currencies, like Bitcoin or Verge, but keep control of their currencies.

Traditional banks take days, and hours to process payments or send money, but with the technology behind cryptocurrencies, this should take seconds or minutes. Any proper financial institution should make payments that are automatic and private. There shouldn’t be fees for people accessing their currencies beyond that of the operational costs of moving this money around. Secondly, traditional banks don’t have great user privacy, whenever you call, their employees can see all the recent information of their customers, as mentioned in the linked post by CryptoRekt. DcB’s should exist to give the tools to users, to enable them to choose the privacy they require.

DcB’s are not cryptocurrency only banks, as the space has digital copies of fiat, like USDT (tether) or coinbase’s UDC, EURT (euro tether). These are not a cryptocurrency, as they are meant to be a 1:1 representation of Fiat (traditional currencies). This quote from the Bitcoin white paper is what makes Bitcoin Meister and future DcB’s relevant. As a future financial institution, our mission is to empower you, the user to control your finances.

Not your keys, not your money, so take control today. Visit Bitcoin Meister to take control of your finances.

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Satoshi Nakomoto

This article was written by Alexandre Ederer – Bitcoin Meister Team

The original article can be found on Medium.


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