If you could use a SEPA bank account in Europe, here is a new way: Shine, a French banking startup not dissimilar to the Germany’s N26, offers free bank accounts to anyone with a self-employed status with a connection in France.
Shine only launched in March 2018 and even though they hardly have 1.5K Twitter followers at time of writing, the rumor has it they already opened 10K bank accounts.
10 000 users en 3 mois 😍 Nous avons compté, si nous vous remercions tous en 3 mois aussi, nous aurions 8,5 mercis à dire par jour chacun. C'est faisable. 😏 pic.twitter.com/GYGwYf7nJk— Shine (@shine_tools) June 5, 2018
The biggest advantage is obvious - a free bank account in France within the European SEPA zone. It is not necessary to own or lease a house in your name in France, as per the Shine Tools FAQ it is sufficient if someone who does is willing to participate as your host. You both then need to jointly pass the standard KYC and AML checks involving national ID scans and proofs of address.
The Shine app targets individuals who work as micro-entrepreneurs at the moment. The status of the enterprise must be verifiable, currently supported are only the following few statuses but more are going to be added during 2018.
- Sole Proprietorship (EI), Individual Company with Limited Liability (EIRL)
- Simplified Joint Stock Company (SASU)
- Unipersonal Limited Liability Company (EURL).
Shine has 24/7 email support and offers automated tax prediction tool as well as tax consultants ready to answer your questions.
Shine Tools and Crypto
We reached out to Shine to ask whether they avoid cryptocurrency-related dealings.
Judging from the March 2018 positive news about loosening of cryptocurrency business regulations from the French government we expected them to be crypto-friendly.
However, a representative of Shine Tools responded to us that they are NOT accepting any self-employed customers nor companies that work in the cryptocurrency business. Transactions with cryptocurrency trading platforms will be flagged and detected p2p trading patterns will be problematic.
Data is beautiful
New Horizons in Fintech: Payments, Big Data and Partnerships [Infographic]
The global fintech market saw a period of consolidation in 2018, which is exactly what we saw also in terms of price evaluation of crypto assets. In spite of the “crypto winter”, which is apparently...
Brand development in forex and crypto: Most expensive domain names [Infographic]
Crypto infographics - Most expensive domain names in forex and crypto. Targeted brand development in forex and crypto with domain names.
Top 8 Women in Blockchain Tech [Infographic]
When it comes to women in crypto, the pre-2016 OG heads will probably come up with names like Alena Vranova and Blythe Masters. Alena Vranova is the former CEO of Satoshi Labs, the company that...
Infographic: Blockchain Technology, Ledgers, Blocks and the Role of Price
Blockchain technology 101: What is blockchain, what types of blockchains exist and what role does the cryptocurrency price play.
Infographic: The Good And The Bad Of ICOs
Infographic: The good and bad of ICOs - Which token sales raised the most money in 2018?
The Business of Esports: All The Numbers [Infographic]
Esports is a rapidly emerging category as a real sport. It’s even beginning to compete with traditional sports.
Shocking Facts About Cryptocurrency Heists [Infographic]
If there is one question in the history of Bitcoin that cannot be answered with anything more than an estimate, it is the problem of how much of Bitcoin’s supply is actually ever available on...
Comparing Forex Market with Crypto Markets [Infographic]
One of the few metrics that cryptocurrency markets have in common with the forex markets in 2018 is the high percentage of total trades being located on few most popular markets.
East vs. West: Which One Sides More With Blockchain?
Digital cash schemes were the holy grail of the late 90s, but since the bitcoin blockchain was invented, suddenly nobody in the West cares.
Blockchain Consortium in Trade Finance: 6 Notable Networks [Infographic]
The success of trade finance blockchain implementations depends on how widely they are adopted. That's why we have seen businesses form consortia based on similar interests.
Real-world companies that accept crypto payments [Infographic]
Infographic - Graphic map of businesses that let customers pay in bitcoin.
Infographic: Blockchain Hacks & Crypto Trading Platform heists 2018 vs 2017
Blockchain infographic comparing the biggest crypto heists of 2018 and 2017. In 2017 the focus lied more on ICOs, smart contracts and wallet.
15 crypto kings that are making history with their engagement in the field of cryptocurrencies
Coining The Bucks With Cryptocurrencies Have you ever wondered how much masters of the cryptocurrencies are worth? Like the guy who founded Ethereum, or the one who started Ripple, for example. The answer, in short,...
Industry News Releases
Duško Marković, the prime minister of Montenegro, said earlier this year that the country is...Read >>
- The Global Hackaton (April, Los Angeles) comes with free tickets to Crypto Invest Summit
- Etheremon celebrating #ChineseNewYear2019 with a series of bounties (Ends 8:00 AM UTC on Feb 11th)
- Crypto Marble dApp Game: Monopoly on Blockchain
- The dApp gaming platform VX Network launched the official VX Wallet in Apple App Store and Google Play
- Etheremon's first Chinese New Year Campaign: Chance to recall two rare mons
- Fuel Games and Cryptokitties bring you "The Cat in the Pack" until the end of January 2019