Token, Inc. Launches London Office to Answer Demand from European Banks

Token, Inc., an all-new crypto-payment and API ecosystem that enables European banks to monetize their investment in PSD2, today announces the opening of a new office in London.

Following Token’s launch in June, the new office has been rapidly established as an answer to the market demand from banks looking to test Token’s revolutionary digital payment rail.

Based on programmable tokenization technology, Token’s crypto-payment network puts banks in total control of the digital payments chain, offering instantaneous compliance to the EU’s PSD2 regulation and reversing the partner-led disintermediation that has challenged banks’ businesses for the last ten years or so.

Steve Kirsch, founder and CEO of Token, comments: “For banks, comparing Token to other API-based solutions for PSD2 is like comparing military-grade VR to Pokémon Go. Token gives banks full immersion and total control, and they barely need to move a muscle. Other solutions have banks chasing shadows and taking all kinds of risks just to stay in the game. We put banks back in charge and now have serious traction with some of the world’s biggest. We can’t reveal which ones quite yet – we’re working on it – but make no mistake: this is real.”

Token’s so-called ‘banking-as-a-platform’ uses each bank’s policies and procedures and integrates with their individual core system APIs to deliver a “springboard” into the execution of cryptographically secure, PSD2 compliant digital transactions.

Token ultimately eliminates the inherent need for payment partners, it also enables banks to reduce transaction costs and avoid sharing precious customer data with third parties, despite the onset of PSD2.