It is a rare thing that a major financial institution partners up with a cryptocurrency startup. Yet PalmaBot, a Slovenian / German cryptocurrency startup behind the Telegram-based digital assets management tool PalmaBot, announced a partnership with FIMA, a well-known traditional investment institution with a 25-years-long track record across the foreign and domestic financial markets.
June 1, 2020 by PalmaBot
Through a simple Telegram interface, PalmaBot enables users to seamlessly control all their crypto assets across 23 exchanges. In the same Telegram chatbot users utilize to manage their cryptocurrencies, PalmaBot also follows arbitrage opportunities in real-time, provides trading signals, enables TradingView strategies execution and presents instant charts with many possible orders — all that with intuitive user-friendly UX.
Their Croatian partner FIMA is an investment firm with the longest tradition in Croatia and the founding entity of the stock exchange in Varaždin.
According to Jernej Vrčko, the CEO of PalmaBot, FIMA as the pioneering traditional investment organization that made regulated crypto investments possible to their clients, was a logical partner for PalmaBot.
“The pioneering approach that leads FIMA and PalmaBot towards bridging new-age crypto and traditional financial worlds signifies a big step for the whole crypto industry. Whereas it proves to the traditional investment industry that there is no cause for fear of technical innovations,” said Jernej Vrčko.
FIMA partnership also gels perfectly with PalmaBot’s 4 main development pillars:
- Real-Time Data Processing for Multi Exchange
- Partnership with FKPV Business Faculty
- Zero-Data App
- Language-Based Button Driven Workflow
The finalization of the partnership agreement came as a crown jewel of almost a year-long communication between FIMA and PalmaBot which started at the Fintech Adria conference in Rovinj. Together, these two companies are focused on bridging the gap between the traditional and cryptocurrency markets. This is important not only for these two companies but also for the wider adoption of cryptocurrencies in general.
The CEO of FIMA, Milan Horvat shares an equal amount of belief in the end results of this partnership as he states:
“Usually, business collaborations are born out of mutual interest. Consequentially, partners get to know each other. However, our cooperation took an alternative path. First, we clicked and then realized that we can have a serious and fruitful partnership. Now, both of our companies are focused on connecting the traditional system of communication in the financial industry with new technologies in the search of the optimal balance between human and artificial intelligence. Our goal is clear – reaching the level of mutual understanding with clients as we had when we started our cooperation.”
PalmaBot makes it easier for crypto users to control their funds, which is essential for an average Joe, while the partnership with such a reputable traditional firm is a step towards bringing its service closer to traditional investors, tempting them to open different, innovative horizons.
PalmaBot, with its basic features, is free to include in the user’s Telegram App with just a click of a button. For all other instructions, either visit their official website or ask the chatbot itself.