Propagating Compliance Across Blockchains - RegTech Utility bringing Crypto and Fiat Together
Revolutionary technologies such as cryptocurrencies and blockchains are radically changing the global banking industry. No bank, no regulator, no hacker can stop this paradigm shift of our time. The economic, sociological, and cultural implications of these innovative concepts are disruptive and far reaching. We believe in a future that offers better forms of money, leading to true financial inclusion and manifold opportunities for everyone.
Benscha is the name of the whale depicted in our logo. Beyond that, the meaning of Benscha™ is easily explained. In the Middle Ages the counters of Italian grain merchants were in fact the original "banks". "Banca" is the Italian word for "bench". Consequently,Benscha™ is a variation of bench. The merchant's "benches" in the great grain markets became centers for holding money against a bill of exchange, which later became known as a check. Originally developed to finance long trading journeys, the payment methods of the merchants were later utilized to fund the production of commodities. In today`s world of cryptocurrencies, the mission of Benscha is all about facilitating legally compliant digital cash transactions over decentralized blockchain applications that add value to the real economy.