US and Swiss Based MessengerBank, a Blockchain based Fintech Bank has recently appointed Bahrain Global Blockchain and Fintech expert, Mr. Mohammed Ebrahim Al Fardan as CEO of MessengerBank. Mr. Al Fardan is a Bahraini national who specialized in Computer Science and International Business investments. He worked in several leading international organizations including IBM Lexmark and Microsoft before he began advising and investing in startups within the MENA region. He co-founded several startups around the world, and designed the fully integrated MENA Hub in 2008
MessengerBank believes that Blockchain technology has the potential to positively disrupt the world economy, and wants to empower people to exchange value globally, instantly at the lowest possible cost. MessengerBank’s mission is to bank the unbanked, like immigrants and common people, students and all people in need for fair and low cost remittance services.
Messenger Bank has developed three solutions, MessengerBank Wallet, an all in one secure online wallet to manage and exchange blockchain assets. As per their website, the online Wallet provides a secure platform to exchange and manage all of your digital assets. The wallet currently support their own MBIT, MBMT and MBCT tokens and Ethereum. While in the future, they plan to support the following: Bitcoin, Bitcoin Cash, Dash, Ethereum Classic, Litecoin, and ERC20 compatible tokens.
MessengerBank also has available the BBCT stablecoin which is equivalent to 1 USD and MBIT their primary product which pays out 40% dividends of the company profits. They also offer MBMT which democratizes access to precious metals and serves as the first non-gold asset-backed token on the Ethereum blockchain.
MessengerBank in addition supports a nonprofit organization MoneyWithOutBorders to create awareness and help promote remote access and sending money to families when working abroad without the need of spending one hour traveling to the standard, old fashioned remittance companies.
In a statement made by Mr. Al Fardan, he states, “We will start partnering and collaborating with exciting Banks in the region and worldwide to offer them our advance Blockchain and Digital Banking technologies to enable them offer their exciting customers with the best possible services and electronic payment channels, secured and reliable.”