UAE Based FusionCoin to launch CryptoBank in Q2 of 2019

Fusion Coin, a company of Japanese origin, registered in Sharjah UAE (XFC) recently announced an airdrop for its FusionCoin where participants would receive 0.5 XFC as a reward. The Chairman of FusionPartners the holding company of FusionCoin is Mr. Kenji Manno, the former CEO of Bitcoin Japan. 

The company claims that its coin is an encryption asset that is aimed to be used easily across the globe. Trades on FusionCoin according to their press release aren’t just limited to encryption assets such as Bitcoin and Ripple, but also include what they call legal currencies. The FusionPartners website state that FusionCoin can readily be exchanged to USD. 

As explained, FusionCoin is using blockchain to deliver safe and reliable financial services. The statement adds, FusionCoin holds the characteristics of both Bitcoin, as the number of coins that will ever be traded is 30 million and Ripple. It was developed using Bitcoin’s issuance limit function and Ripple’s bridge currency. It can thus function as an exchange, remittance provider and is establishing FusionBank, a hybrid bank that handles cryptocurrencies and legal currencies by Q2 of 2019. 

Statements made in the press release explain that Fusion Bank will be launched in Q2 of 2019 after signing a contract with a Swedish Banking license. 

It is interesting and slightly confusing that a Japanese company registered in Sharjah UAE claims to have been granted a Swedish Banking license, while offering an airdrop of its fusioncoin. 

UNLOCK always recommends readers to diligently research any startup before embarking on any investments or acquisition of cryptocurrencies or tokens.