(BlockBar) Consumer protection lawyer Jeffrey Berns is the owner and chief executive of Blockchains LLC, which bought more than 67,000 acres of land in northern Nevada for $170 million recently. The 56-year-old lawyer has ambitious goals, and last year he is famous for the plans to build a “cryptotopia” in the desert.
The acquisition of kirkwood bank is based in Las Vegas, Nevada through a single bank holding companies, rather than through Blockchains. Berns said the acquisition of kirkwood bank is a small but critical step in helping emerging company to achieve its ambitious goals. He further expressed, the current financial system is not in conformity with the ideal of distributed blockchain characteristics.
As stated by Berns, Over some Banks worldwide are actively experimenting with possible USES of blockchain technology, Berns said he believed the bank purchase was necessary for him to ensure a portal into the world of fiat currency (government-backed legal tender) — and because of a fundamental belief that the Current financial and banking systems are incompatible with their vision for a distributed, decentralized blockchain-based system.
Mr. Berns said he had been considering buying a bank as early as 2017, started talks with Mr. Kirkwood in February 2018 and signed the deal last August. The bank’s purchase price is $25 million, with an additional $3 million including additional capital for investment purposes.
John Dru, the bank’s President, expressed in an interview that the Swiss government did not plan any strategic or large-scale changes to the bank or its operations, except the name change. The Swiss government has operated under the same ownership since its creation about a decade ago.
“I know for sure that the customers won’t see any changes,” he said. “All executive management is staying on board. They’re all going to stay on. And even the account Numbers won’t change.”
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While Dru stressed that it has no plans yet to change its future banking business, Berns detailed several plans for the financial institution, starting with the opening of a branch in northern Nevada in the near future. Mr. Burns also said he had bigger plans to integrate the two companies, including creating some sort of contract for blockchain-based fintech applications for Banks and their customers
What’s more, he also plans to buy or create a 3-D printing company as part of a larger plan to “print parts of the city 3-D,” focusing on researching and developing an unusual alternative material commonly used in the 3-D printing process – hemp
“It’s environmentally friendly, It sucks carbon out of the air, It rehabilitates soil and it ‘s all around the an opponents product, “Berns said.” and we had planned to do it on a smaller scale and after hemp was legalized, we intend to go much bigger.”
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