BankSocial has listed CNS on its in-app exchange and will enable fiat purchases for users in select territories.
Centric’s COO Tommy Butcher announced a new Centric Swap (CNS) listing with BankSocial Exchange, a non-custodial exchange based in Dallas, TX. Exchange functionality and credit and debit card purchases for CNS are now live in select territories. BankSocial has also committed to providing Centric Foundation with a portal to facilitate fiat purchases of CNS on Centric.com.
Centric COO Tommy Butcher said, “By listing with BankSocial, we’ll be able to offer more Centric users the ability to purchase Centric Swap with either a credit or debit card.”
Last year, Centric introduced its first fiat onramp through Indacoin, an integration for Changelly. The Indacoin onramp, however, was not available to users in certain countries, such as the United States and Saudi Arabia. The BankSocial listing will open this access for many users.
Currently, BankSocial operates in California and Texas. The company says twenty more states will go live in the coming months. Outside the US, BankSocial will be opening in Canada along with all the member states of the Gulf Cooperation Council (GCC), which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. They are working on expanding into the European Union and Brazil.
Beyond BankSocial’s exchange services, they are pioneering other DeFi and FinTech services, including crypto home loans and crypto hard money loans.
Fivancial Inc., CEO John Wingate said, “We’re excited to integrate and introduce the Centric token ecosystem into the BankSocial exchange.”
Centric Foundation will announce on social media when services open in new geographies.
BankSocial is a global FinTech company offering the evolution of financial services and technological infrastructure, on the blockchain, to businesses and individuals globally. The individual is paramount and we believe that social capitalism will be the new way of economies evolving to support all users directly. For the first time ever, the systems are open. We give this new way of finance to the world.
Centric was conceived with the vision of one day replacing traditional fiat currencies. Blockchain technology will enable a more transparent world and we believe our innovative approach to achieving widespread adoption long-term sets Centric apart from other cryptocurrencies today.
While the rest of the industry focuses on transaction throughput and smart contracts, we focus on solving price stability to realize the economic capabilities that the blockchain enables.