Bloomberg: Bezos-Backed Bank Targets Brazilian Crypto Firm, Bet on Driving Growth

BlockBeats News, March 14th, according to Bloomberg, Brazilian online bank Stark Bank SA, supported by Bezos Expeditions, has identified crypto startups as one of its key focus areas this year, betting that this industry, shunned by traditional banks, will drive growth.

The São Paulo-based commercial bank is currently partnering with 52 companies focusing on cryptocurrency and blockchain technology, including Mercado Bitcoin Servicos Digitais, Transfero Swiss AG, and Binance Holdings, said Stark Bank SA CEO Rafael Stark.

He also noted that the support of US President Donald Trump for the crypto industry is making this sector increasingly attractive.

Bezos Expeditions is the personal investment company of Amazon founder Jeff Bezos. It is the fund Bezos uses to manage and invest venture capital, having previously invested in well-known companies such as Google, Twitter, Uber, Airbnb, Stripe, SpaceX, and others.