How to Develop a Crypto Banking App?

Crypto banks

While a bank may not have a physical location, it must provide mobile app-accessible online banking. In addition to being practical and easy to use, such a service must be as secure as practical, adhere to privacy protection rules, and be handy for its users. Blockchain technology now performs the best regarding security and data protection duties. As a result, we’ll demonstrate crypto banking software development and application development in this post.

Concept Development 

This step is crucial since it lets you choose the banking application you want to create and the needed resources. You must specifically choose a niche, target audience, primary purposes, and the precise manner you want to utilize the blockchain.

The following is a list of the banking applications of blockchain that are most common:


You may create a decentralized record to carry out financial transactions and record transaction history. Blockchain will make Such a system quicker, cheaper, and more secure.

Initial Coin Offerings (ICOs) show how simple it is to generate money for new ventures via crowdsourcing.

Clearing and settlement systems

By eliminating pointless intermediaries, smart contracts and blockchain may make these transactions instantaneous.


Traditional securities may be tokenized to provide more effective and functioning capital markets.

Loans and Credits

Blockchain technology may reduce interest rates, increase borrowing security, and automate all transactions, including party identification.

Trade Finance

By streamlining the bill of lading procedure, merchants everywhere will have more transparency, security, and confidence.

Verification of identification and compliance

Blockchain enables identity verification while maintaining each party’s anonymity, which is highly helpful in identifying parties and confirming their compliance with KYC/AML.

Choosing a Blockchain Development Company

Find a technical partner after you’ve determined the application you need. Hiring freelancers or full-time workers to create a blockchain-based internet application is not worthwhile. Since only a qualified team can ensure the accuracy of their code and its safety from illegal access, blockchain demands certain knowledge and expertise.

Your tech partner should have these qualities:

  1. Manager of a product
  2. 1–2 Back-end programmers
  3. 1–2 front-end programmers
  4. 1–2 developers for iOS and Android
  5. 2 to 3 QA- experts
  6. Business Analyst
  7. UI/UX Designer

Development of the service’s drafts and prototypes

The next step is to create a draft and prototype of your banking software or application with the blockchain development company, where you can see the sequence of user activities, the primary design components, and the service functionalities. The interface’s appearance in the draft doesn’t need much effort. To make it as brief as feasible, it is sufficient to have an understanding of the user’s journey.

You may begin creating the wireframe for your application after you’ve optimized the user’s journey and determined which design components you must include. The blocks and lines in this schematic illustration of an application’s design stand in for design components and the user’s journey between screens. They aid in a better understanding of how everything will function if the user can do his tasks and how easy and practical it is.

The wireframe may be transformed into a more detailed prototype that offers a more realistic sense of how the application will appear after completing your blockchain-based banking application if everything is satisfactory and no errors or issues are discovered.

Finalizing the Graphic Layout of the Application 

A layout is the design of the completed application interface (what the user will see). It must match your market, look well, and fulfill your responsibilities. Put your best effort into perfecting all three elements since they are all necessary and crucial. Remember that 21% of millennials will delete an app immediately if they don’t like the design.

Here is a quick list of things to take into account while designing your layout:

Ensure that the color scheme, icons, buttons, typography, and other aspects match your corporate identity and complement.

Every part of the user interface should be clear, easy to understand, and predictable. For example, the user should instinctively know what will happen if they click a button or go to another program page.

The user should be able to easily navigate the application and feel like they are using a conventional one.

Select hues, images, and movies to help people feel how you want them to. For instance, blue and red are associated with trust, worry, and novelty.

Think about geographical variations in user perception if you want to operate abroad.

Select the Features for Your Application

Your application’s precise feature set will rely on your target market, the project’s complexity (the more complicated the project, the more features it will have), and if you want to construct a fully complete banking service right away or start with an MVP and progressively add additional features over time.

The following functionalities have to be included in every mobile banking application:

Creating an Account 

Users may register on your site and connect their bank accounts and credit cards using their email addresses, phone numbers, or social media profiles. The procedure must be straightforward, quick, and secure all at once.

Accounts Management 

Includes features for checking account balances, examining past transactions, and switching between cards. Since it is often referred to, you should be able to retrieve this information from your application’s start screen.

Transactions and Payments

Although this function may not be included in mobile banking applications, having it would be preferable since it enhances customer engagement and satisfaction. Additionally, “foolproof” implementation is required to prevent issues brought on by customers transferring money to the incorrect address. These days, using QR codes and payment URLs is standard practice.

It is important to locate the user and look for nearby ATMs, terminals, and service locations.

Support Services

It should be accessible twenty-four hours a day, seven days a week, to quickly assist consumers in resolving their issues. The ideal situation is for a mix of voice and chatbots handling common requests. Live qualified experts, however, will handle unusual issues and duties.

Notification pop-ups 

All adjustments to a user’s payment balance and activity inside mobile banking must be communicated. Users should be able to view items like requests for payment, reminders of terminal payments, and deposits or withdrawals of monies on displays.

Cost of Application Development

Now, programmers put your application into action using code. The functionality and complexity of the project, as well as the location of a  blockchain development company, all affect development time and cost. Since developer rates may differ significantly from nation to nation, location is crucial.



Written by Derek T Belford

Years Of Membership

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