Baby steps forward for e-Residents

It was Chris Hernon who first pointed me at the news I knew would come sooner or later.

Its becoming one step easier to setup a business in Estonia under the e-residency programme. A programme I signed up for and got the go ahead for just recently.

One of the biggest issues was having a bank account in another country which you are not formally a part of. I understand the reasons but as the e-residency is a real digital identity and banking (Fintech) goes through changes its self; it makes sense that the two trends will create something new and exciting

Business banking is radically transforming for almost everyone on Earth. Estonia’s e-Residency programme has now partnered with the Finnish fintech company Holvi to provide borderless business banking to the borderless digital nation. This means a complete EU company with complete EU business banking (& a payment card) can be established entirely online.

Although I’m not planning to setup a business in Estonia anytime soon, this is exciting news and I look forward to hearing what comes next.

I almost feel like a quote from the Hacker manifesto is almost apt here.

Author: Ianforrester

Senior firestarter at BBC R&D, emergent technology expert and serial social geek event organiser.