Interconnecting financial alternatives | Partnership with BetaBank!

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Betabank  is a community social bank alternative courtesy of the German  cooperative Betacoop. It aims to generate new pathways designed to lead us towards a practical alternative economy, based on solidarity and focused on people, through the generation of  decentralized economic networks where members can take advantage of mutual credit to meet their basic needs.
An alternative virtual currency called “beta” is used within BetaBank and free accounts are offered, as well as various payment services and innovative financing models for partners.
It offers a Mobile Banking app for iPhone and Android that allows users to pay securely and check their balance via SMS. A very convenient option for interaction which, by the way, does not necessarily require a smartphone and / or internet coverage for use.
Typically, conventional banks are highly restrictive, limiting to their clients (whether individuals or companies) the ability to interact with an online portal owner. With Betabank the opposite is true: the system is more flexible and so the options expand. In the case of individuals, receiving online payment notifications is allowed. And in a business context, the account can be can accessed via an API to automate payments and update internal systems, eliminating the need to perform tedious manual tasks. 
One of Betabank’s most important projects is Fairbill, a payment processor platform that already includes a variety of payment methods, and will soon also accept Faircoins.
But not only this also Betabank is currently developing a webwallet of Faircoin that doesn’t require installation: simply by requesting its activation the user is assigned a Faircoin address and can send and receive Faircoins.
Meanwhile FairCoop already has an account with Betabank and has added this option to the GetFaircoin site among its transfer options. GetFaircoin is working to include the Fairbill system and thus enjoy greater autonomy in key payment systems such as the acceptance of cards; at the same time, it is expected that Fairbill will be the tool for transactions of the shortly to be launched Fairmarket.
All these integrations are now, along with the creation of a local node in Leipzig some of the first results of the recent alliance between Betabank and FairCoop and all of which means another step toward building collective, transparent and democratically-based financial alternatives for a new economic system; one that is self-managed and outside of the predatory conventional banking system.

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