SINGAPORE, Oct. 09, 2024 (GLOBE NEWSWIRE) -- MELD, a new Neobank focusing on crypto friendliness launches today with their iOS mobile app. Coming to the market with a new type of banking that merges crypto and fiat services into a single platform. MELD gives you a traditional fiat deposit account and a non-custodial crypto account together in the same wallet. Account holders can exchange between crypto and fiat or between crypto tokens on different blockchains. Bringing the best of both worlds together in one account.

MELD is approaching banking from a decentralized perspective. Through the MELD blockchain, the network is run by individuals or companies so no one single individual is in control. They currently have 26 of these independent nodes running the blockchain with plans to grow it to over 100. This is a fairly common type of blockchain, called Proof of Stake. Where MELD is innovating is on the banking side of the network.