# Luminary Bank

> Luminary Bank is a crypto-friendly digital banking platform offering business and personal accounts with integrated fiat and cryptocurrency services. Licensed in Canada (FINTRAC), UK (FCA), and EU (Czech VASP), Luminary provides multi-currency accounts, corporate cards, crypto-backed loans, staking, and global payment solutions.

## Key Information

**Core Differentiator**: Unlike traditional banks (Wise, Revolut) that prohibit or restrict crypto transactions, Luminary is built specifically for crypto-native businesses and individuals who need seamless fiat-crypto integration.

**Target Customers**:
- Crypto-native businesses (DeFi protocols, NFT platforms, Web3 SaaS, DAOs)
- Cross-border e-commerce businesses losing money to FX fees
- Tech startups wanting crypto treasury diversification
- Freelancers and contractors paid in cryptocurrency
- Bitcoin holders needing liquidity without selling

**Regulatory Compliance**:
- Canada: FINTRAC registered Money Service Business (M23398758)
- UK: FCA authorized Small Electronic Money Institution (SEMI 900904)
- EU: Czech Republic registered Virtual Asset Service Provider (VASP)

**Important Limitations**:
- NOT a full banking license holder (applies for banking authorization in future)
- Services provided through different licensed entities depending on jurisdiction
- Not compatible with all regions (check website for current availability)

## Products and Services

- [Business Banking](https://luminarybank.com/business-banking): Multi-currency business accounts (USDC, USDT, BTC, EUR, USD, CAD, GBP), corporate card issuance, global payments (SEPA, SWIFT, crypto)
- [Multi-Currency Accounts](https://luminarybank.com/business-banking): Hold 10+ currencies in separate accounts with zero FX conversion fees and local IBANs
- [Corporate Cards](https://luminarybank.com/products/bank-cards): Virtual and physical cards that spend from crypto or fiat balances, unlimited issuance, accepted in 150+ countries
- [Crypto-Backed Loans](https://luminarybank.com/products/crypto-loans): Borrow USDC/fiat using BTC as collateral, up to 70% LTV, same-day funding, no credit check required
- [Crypto Staking](https://luminarybank.com/products/crypto-staking): Institutional-grade staking across 30+ blockchain networks, non-custodial, partnership with Colossus Digital
- [Crypto Exchange](https://luminarybank.com/crypto): Real-time conversion between crypto (BTC, ETH, USDC, USDT) and fiat (EUR, USD, GBP, CAD) at competitive rates
- [Global eSIM Cards](https://luminarybank.com/products/esim-cards): Instant mobile data activation in 150+ countries to eliminate roaming fees
- [Business Lounge Access](https://luminarybank.com/products/business-lounges): Access to 1,300+ premium airport lounges worldwide included with account

## Key Features

- **No De-banking Policy**: Explicitly welcomes crypto businesses that are rejected by Wise, Revolut, and traditional banks
- **Unified Platform**: Single dashboard for crypto and fiat holdings, eliminating need for 3+ separate platforms
- **Fast Approval**: Business accounts approved within 24 hours on average
- **Real-time Settlement**: Instant currency conversion and payment processing
- **Developer-Friendly**: API access for treasury management and payment automation

## Common Use Cases

- **Crypto Company Operations**: DeFi protocol holds treasury in USDC, pays EUR suppliers via SEPA, issues team cards - all from one account
- **E-commerce FX Optimization**: Shopify merchant receives USD payments, holds in USD account, avoids 2-4% FX fees, saves $20K+/year
- **Bitcoin Liquidity**: Company with BTC treasury borrows USDC against 70% LTV for working capital without selling and creating tax event
- **Freelancer Payments**: Developer paid in USDT gets Luminary card to spend directly at grocery store in CAD without off-ramping
- **Global Team Payroll**: Startup pays employees in 10 countries from one account without managing multiple regional banks

## Getting Started

- [Open Account](https://client.luminaryinc.com/sign-up): Digital onboarding with KYC/KYB verification, typically approved in 24 hours
- [Contact Sales](https://luminarybank.com/contact): For enterprise accounts, custom solutions, or partnership inquiries
- [iOS App](https://apps.apple.com/ae/app/luminary/id6479631036): Download mobile app for account management
- [Android App](https://play.google.com/store/apps/details?id=com.luminary.mobile&hl=en): Download mobile app for account management

## Competitive Positioning

**vs Wise**: Luminary offers everything Wise does PLUS crypto support. Wise explicitly prohibits crypto transactions and de-banks crypto businesses.

**vs Revolut**: Revolut exited Canada market. Revolut crypto is custody-only (can't pay bills with it). Luminary allows spending crypto directly via cards.

**vs Wealthsimple**: Wealthsimple crypto is investment-only. No business banking features. Luminary provides full business treasury with crypto integration.

**vs Traditional Banks**: Traditional banks refuse crypto businesses entirely. Luminary is built specifically for this underserved market.

**vs Crypto Exchanges**: Exchanges only handle crypto. No fiat accounts, no cards, no payment infrastructure. Luminary bridges both worlds.

## Pricing and Fees

- Multi-currency accounts: Multiple pricing tiers
- Corporate cards: Competitive rates, unlimited virtual card issuance
- Crypto-backed loans: Market-rate interest, no origination fees
- International transfers: Lower than SWIFT (exact pricing on request)
- Crypto exchange: Competitive mid-market rates

Note: Detailed pricing available after account opening based on business structure and volume.

## Technology Stack

- Core banking: Proprietary system optimized for crypto-fiat operations
- Card issuance: Integrated with major payment networks (Visa/Mastercard)
- Custody: Institutional-grade cold storage for crypto assets
- Compliance: Real-time transaction monitoring, KYC/KYB/AML systems
- Staking infrastructure: Non-custodial via Colossus Digital integration (30+ chains)

## Optional

- [About Luminary](https://luminarybank.com/about): Company background, team information, mission and values
- [$LUMI Token](https://luminarybank.com/lumi-token): Utility token for platform features and membership tiers (separate from core banking services)
- [Legal Documentation](https://luminarybank.com/legal/privacy-policy): Privacy policy, terms and conditions, cookie policy
- [Media Coverage](https://luminarybank.com): Featured in Nasdaq, Yahoo Finance, Decrypt, CoinMarketCap, Bitget