BitGo denies being the custodian of the cryptocurrency trading app launched by Pele’s ex-wife and children

Cryptocurrency custodian BitGo said on Thursday (7) that the US-based startup is responsible for cryptocurrency security for JanBank, which bills itself as a digital bank focused on trading crypto assets.

BitGo’s name appeared on a file Publishing do Valor as a partner company of the recently launched platform Assiria Seixas Lemos and the twin children, Joshua and Celeste Arantes do Nascimento, which the gospel singer had before his separation from the idol of Santos and the Brazilian team, Edson Arantes do Nascimento. Pele, who died at the end of December last year.

“There is no record of the company with that name or any other client with the names of the executives mentioned in the article in BitGo’s client base,” BitGo said in a note to Cointelegraph Brasil.

In addition to Aseria and her children with Pele, Janbank has businessmen Vitor Hugo Zitnik and Regis Renzi among its shareholders. According to the post, Pele’s priest and friend, Charleston Soares, is also part of the project, although it was not clear whether or not he is part of the JanBank corporate structure, which promises to invest 10% of his passive income in social actions.

According to the post, JanBank will focus on cryptocurrency trading and payments through instant conversion of cryptocurrency balances into rials. Integrated with Pix, the app will support Bitcoin (BTC) and eight altcoins at its launch: Ethereum (ETH), US dollar-paired stablecoin Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Polygon ( MATIC), Dogecoin (DOGE) and Cardano (ADA).

JanBank, according to the report, will allow integration with external digital wallets and will allow customer balances in the application, in riyals and cryptocurrencies, to be used as collateral for purchases using the Mastercard prepaid credit card, and also with instant transfer of settlements. Institutions that do not accept cryptocurrencies as a means of payment.

Vitor Hugo, head of compliance at JanBank and CEO of Isbank, which belongs to the same financial group, said that the idea of ​​the platform is to facilitate payments in Brazil and abroad through the integration of cryptocurrencies, bix and cards, because it is international. JanBank CEO Regis Renzi added that the fintech is in the process of obtaining a financial institution and payments license from the Central Bank (BC).

Renzi added that although BC has not issued the seal, JanBank will use the services of a partner financial institution to connect with the National Financial Network (RSFN) and told Valor that custody of cryptocurrencies will be handled by BitGo, which are supposed to be stored in cold wallets (hardware). and without an Internet connection) and stored in a safe.

In turn, Aseria highlighted the social aspect and democratization of access to Jan Bank, and said that the resources can help schools, nursing homes and day care centers, in addition to other institutions, and added that the project represents an opportunity for children to continue Pele’s legacy in social work.

Cointelegraph Brasil is available for any considerations from the parties mentioned in this post.

Itau also entered the cryptocurrency negotiation space this week, starting to offer comparison and selling of Bitcoin and Ethereum through the Ion app, Cointelegraph Brazil reported.