Bankera’s Q&A #2

This week we have published the 2nd Q&A video in which our VP for Marketing Rūta Čižinauskaitė answers the questions you submitted on Bankera’s official Facebook page.

Q&A with Bankera's VP for Marketing Ruta Cizinauskaite

If you have not seen the video yet, you can watch it down below:

As always, if you prefer reading, we have prepared a video transcript for you:

Q1: Why did the ICO date get postponed and why this ICO will be live for so long?

At the moment we are still working on implementing a few new features that we would like to be live before our ICO; such as XEM support and card schemes. As we are already operating on a large scale with our MVP SpectroCoin, our development process is quite complicated. That is why we have postponed our ICO date to match with some of the development phase completion dates. In the meantime, however, we already give return to our token holders like no other ICO. Also, our ICO was not designed to make quick money. We do not apply pump and dump schemes like other ICOs, as we want our token to be worth much more in the long run. That is why we’re focusing on building a strong product that fits market demands, and that would let our token grow together with our business.

Q2: How is Bankera’s MVP SpectroCoin development process so far?

So far we have launched the possibility to claim IBANs for both: individuals and companies. We have also recently launched cryptocurrency powered cards, and XEM support is coming soon. At the moment, we have over 440, 000 clients with over 1,450 registrations per day. So far we have issued over 64,000 cards, and our average daily volume has increased to 600 000 Euros. Our team has expanded to 51 employees, and we are also still recruiting, so if you would like to be part of Bankera’s team, please drop an email to [email protected].

Q3: Why is the coin market cap so high? Is there a reason for super high volume low cost versus lower volume higher cost?

We wanted to increase Bankera’s scale, in order for it to be able to compete with traditional banks. The volume is needed for Bankera to become a proper Bank; as it is all about scalability and bank’s scalability depends on its’ capital.  It has to have 15 to 20% of its own capital of all loans outstanding in order to be successful and to achieve a scale. Let’s do some math: if we have 100 in million capital, the bank can loan 500 million, which means 5000 Euros in loans each for 100,000 people in case of overdrafts or 250,000 Euros in loans each for 2000 people in case of mortgages. So, it is not a significant amount.

Q4: Are you going to continue the same referral program on ICO?

Yes, the referral program will be the same just like during our pre-ICO.  That means that you will be able to get 5% of all Bankers your referees have purchased. If you would like to learn how to generate your own referral link, please visit our blog at

Q5: I don’t speak English. Can you provide Bankera’s ICO information in other languages?

Yes, we value our investors from all over the world. Thus, so far we have launched Twitter accounts in six different languages such as JapaneseChineseTurkishArabicPortuguese and Spanish, in addition to our English one. Our main page is available in 14 different languages and if you visit our official chat, you will find communities in 9 different languages. Also, we subtitle our videos and our blog is also translated into four different languages; such as Japanese, Chinese, Portuguese and Arabic, in addition to the English one. Also, for our Chinese investors, you can find us on Weibo and WeChat (OfficialBankera). We always value help, so if you would like to be a part of our project, please write to [email protected].

If you are afraid that you might have missed your chance to submit a  question of your own, you have no need to worry!We are now taking submissions for our 3rd Q&A on our Facebook page. Head there and leave the question you want answered on our next Q&A video.