Digital monetary service portal Neo, a division of Neo & Bee, has opened its flagship branch in Cyprus.
Located in the Engomi, Nicosia, the new branch makes it easy for Neo customers to transact their money, providing services similar to conventional banks, including deposit, savings as well as business and merchant accounts, reported coindesk.com.
Neo holds the deposits of all customers in BTC, allowing clients to use either bitcoins or Euros as well as select accounts of their choice.
Customers can get easy access to the benefits of bitcoin as well as have direct interactions with service representatives.
LMB Holdings is the parent company of Neo and The Bee Payment Network. Both subsidiaries will initially focus on providing solutions for the mass adoption of bitcoin within Cyprus with plans to expand globally in the future.