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The Kjos family will establish the first cryptocurrency bank in the Nordic region.
Cryptocurrency exchange Norwegian Block Exchange (NBX) will apply for a banking license to achieve this goal, and in that regard, the company will raise up to NOK 60 million, according to Dagens Næringsliv.
– We plan to raise between 40 and 60 million crowns in the first instance. It will be Pareto who takes care of that issue. The plan is also to make it public, if everything goes according to plan and the weather vane blows in our direction, we plan to make it public by the end of next year, Stig Kjos-Mathisen, son-in-law of former Norwegian boss Bjørn Kjos, tells the newspaper.
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He is the CEO of NBX and is married to Kjos’s daughter, Anna Helene Kjos-Mathisen, who has been a pilot and worked with crew planning at Norwegian airline. The husband has also worked for the airline.
The Kjos family founded NBX in 2018, and the company is owned through investment firm Observatoriet Invest with 48.1 percent of the company, according to DN. Last year, Sparebanken Øst joined the property.
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In February, NBX announced that it had developed a method to buy Norwegian tickets with cryptocurrencies, as a possible solution to the airline’s monetary problem. Now they go one step further and want to become a bank of virtual securities: a bank of so-called “digital assets”, writes DN.
– Long before the crown, we saw that the potential of NBX was far greater than providing a virtual currency exchange and payment service to the airline. We saw that we could offer the same services to others, and this has led us to now submit an application to become an electronic money company, Stig Kjos-Mathisen tells the newspaper.
He claims that Norwegian is still on the owner’s side and that they have a collaboration through the Reward project.
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