Fidor Bank starts its operations in UK

Germany-based Fidor Bank, one of the few digital currency-friendly regulated financial institutions, has recently announced that it is expanding its services to the UK.

It has already collaborated with the Ripple protocol for funds transfers, partnered with Germany-based bitcoin exchange bitcoin.de, and supports payments with Europe-focused bitcoin exchange Kraken.

UK-based clients will not only have access to these services, but also other unconventional features of the online bank, like a floating interest rate linked to the number of Facebook likes.

The bank has been seeking to expand globally for some time, and is also considering the U.S. However, the major obstacle it is confronted with is fitting its uniquely-shaped banking model into more rigid regulatory environments and Fintech is helping to clear this hurdle, reportedly.