London-based FinTech Mode has announced a waiting list for its crypto banking application. The mobile application, that is expected to launch soon, has been designed for increasing accessibility to cryptocurrencies as well as their financial benefits. The early version of the app will be released for iPhone-users in October.

Ariane Murphy, Head of Communications and Marketing, Mode, said, “We’re hugely excited about the future potential of Mode and this launch is our latest step towards building a secure, integrated full-feature platform. From launching our lending product for businesses earlier in the year, we identified a clear consumer appetite for something new as there isn’t currently anyone offering the all-in-one experience retail customers are searching for on neo-banking apps.”

According to the supplier, the app will enable users to purchase and store Bitcoin and is expected to address issues faced by the cryptocurrency consumer market such as transaction restrictions, low speed/ high cost, lack of security and poor user experience.

Founded in 2018, Mode is a part of the UK FinTech group- R8 Group and aims to combine the benefits of traditional and digital finance through its newly created mobile application.

by Megha Bhattacharya
Market Analyst at IBS Intelligence