Prince Lorenzo de’ Medici launches new digital bank Medici Bank

House of Medici descendant Prince Lorenzo de’ Medici is launching a new digital bank, Medici Bank, CryptoNinjas reports. de’ Medici founded the new Bank with former Fidor Managing Director of Americas, Ed Boyle.

“The original Medici Bank of Florence, founded by my family in the 14th century, revolutionized the world’s economy,” de’ Medici said. “Many of their innovations that drove the development of international commerce—like holding companies, double-entry bookkeeping, and letters of credit—are still in use.”

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