MinePlex banking is a new generation mobile crypto bank with its own liquid token. The project tries to bridge traditional financial systems, blockchain technology, and mobile applications. The goal of MinePlex banking is to create a mobile crypto bank for everyday use of cryptocurrencies anywhere in the world: Paying bills, buying goods, saving, and growing wealth.

The company was Co-founded by the Russian Alexander Mamasidikov, who currently resides in Dubai.

At the moment, the services of the marketplace are available only to registered users of MinePlex banking in their personal account in the “Trading Platform” section and commodity staking applies only to the PLEX token – the native token of the MinePlex‘s blockchain.

Their main products are:

• MinePlex.Money: Electronic payment system in the MinePlex ecosystem and MinePlex.Payments based on cryptocurrencies.
• MinePlex.Payment: Acquiring platform of MinePlex company. A tool for business development and the introduction of cryptocurrency payments. Transactions in major cryptocurrencies and PLEX directly, without converting to fiat and involving third-party organizations.
• MinePlex.Finance (Banking): still not released

MinePlex has a paid-up share capital of 1,000 SGD, which is a bit low for a payment provider that claims to be a crypto bank. Furthermore, there are no reviews about MinePlex, which leads us to the conclusion that the company is orange risk.