> Restoring faith in banking
When creating a crypto-banking solution, Bitex has been motivated by the need to go back to the original purpose for a bank, namely an institution that helps the economy function and grow by providing a way to manage savings, provide means for payments and money transfer, and facilitate loans. By sticking to these basic functions, Bitex believes that crypto-banks can restore the public’s faith in banking for this new cryptocurrency-based digital economy, and remove the image of greed and profit-seeking that current commercial banking has unfortunately propagated by moving into speculative assets and markets.
> Serving local needs
Bitex believes that it can make the greatest impact on society by working at the local level, and ensuring that the benefits of this new cryptocurrency-based digital economy can also be felt by those under-served or left out of the current banking system. Thus, instead of starting out immediately as a global bank, Bitex wants to ensure that its solution has a local impact.