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Acura Capital and $100M Patex Unite to Launch a New Digital Bank

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Acura Capital, a distinguished investment fund from Brazil with assets under management worth $1.8 billion and $3 billion in assets in custody, is launching an innovative financial product. The idea comes from a collaboration with Patex, Latin America’s leading developer of blockchain ecosystems. By joining their efforts, Acura Capital and Patex aim to debut a digital banking platform designed to transform the financial sector.

Services That Will Revolutionize the Latin America Banking Sector

A new digital banking platform is set to revolutionize the Latin American market. This innovative platform harmonizes the trusted reliability of traditional banking services with cutting-edge advancements in cryptocurrency technology. Acura Capital and Patex’s collaboration is poised to bridge the region’s unique economic gaps, leveraging Acura Capital’s extensive financial expertise and Patex’s profound insights in the blockchain sector.

The jointly developed product will serve over 670 million people living in Latin America. Uniting banking solutions with blockchain technologies, the project will offer the following solutions:

  • Digital wallet. This wallet is fortified with cutting-edge encryption methods, ensuring the secure storage and management of user assets. Its user-friendly interface facilitates swift financial transactions across a diverse array of currencies. This is a reliable option for users to work with funds and store them in one place, providing peace of mind.
  • Exchange platform. It is where users may convert different currencies – fiat and crypto – seamlessly and swiftly. The exchange platform offers low conversion rates and allows for the implementation of efficient trading strategies.
  • Tokens for payments. Patex tokens can now be used in transactions on the Pix platform. It is a popular instant payment platform released by the Central Bank of Brazil. Patex tokens serve to facilitate efficient transactions on Pix without having to deal with traditional financial go-betweens.
  • Crypto cards. These cards are built to function similarly to regular cards, allowing for a wide range of transactions, such as in-store purchases and online subscriptions. For users’ convenience, they can also be easily linked with popular digital wallets like Apple Pay and Google Pay.
  • Instant money transfer. This new feature is changing the game when it comes to financial transactions. It allows users to send and receive funds instantly, around the clock. It means that the long waiting periods associated with traditional bank transfers are a thing of the past, and banking efficiency has reached a whole new level of convenience.
  • RWA tokenization. Patex integrates tokenized real-world assets (RWAs) into the $6 trillion economy of Latin America. It carries out the transformation of physical assets into tradable securities listed on traditional exchanges. These securities form the basis for creating tokenized assets, which will be issued through security token offerings and subsequently traded on secondary markets.
  • Floating services are designed to adapt to changing market conditions. They do this by dynamically adjusting the interest rates on savings and loans to provide customers with the most favorable conditions.
  • Personal loans are tailored to meet the needs of its customers, offering flexible repayment plans, competitive interest rates, and a straightforward application process. The platform prioritizes fast approvals and minimal documentation requirements, ensuring a hassle-free experience for its clients.
  • Online sales. This tool is developed specifically for online merchants. It helps make transactions faster and monitor sales efficiently. It also provides reporting services to businesses operating in online sales.
  • Wealth management. The digital banking solution uses analytical tools and market data to provide personalized financial assistance in investment management for every client based on their plans and readiness to risk.

Fernando Luiz de Senna Figueiredo, Managing Director of Acura Capital, claimed the partnership with Patex would push the boundaries of what is possible with technology today: 

“By combining our respective strengths, we’re creating a digital banking platform that pushes the boundaries of what’s possible with technology. Our teams also deeply understand how to cater to the needs of Latin American users,” he said. 

“We’re confident that our digital bank will deliver a secure, intuitive, and comprehensive banking experience that bridges the gap between traditional financial services and the digital economy in such a promising region like Latin America.”

About Acura Capital

Acura Capital is known for its dedication to innovation. The company offers its clients exceptional investment services, portfolio analysis, and personalized risk management solutions. Its primary goal is to provide top-notch financial services to ensure its clients’ requirements are fully met.

About Patex

Patex is a prominent player in Latin America’s blockchain industry. It is committed to leveraging tech advancements to tackle the region’s financial gaps. Its diverse range of services enables it to improve financial inclusivity, transparency, and integration, thereby driving economic progress throughout the global financial landscape.

The companies share the same vision and are set to redefine the way digital banking operates in Latin America. To that end, they combine traditional financial tools with the possibilities available with blockchain technology.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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