Opendata, web and dolomites


Disrupting the economy – FinTech blockchain solution revolutionises direct payments. Secure, low-cost and simple bank-free payments for everyone

Total Cost €


EC-Contrib. €






 BILLON project word cloud

Explore the words cloud of the BILLON project. It provides you a very rough idea of what is the project "BILLON" about.

distributed    mln    excluded    europeans    regulated    citizens    media    financial    fees    model    fca    maintenance    revealed    compliance    technological    payments    ultra    pilot    regulations    corporate    mass    million    disruptiveness    security    gbp    lite    disrupt    exclusion    cash    eur    manner    cryptocurrencies    blockchain    bank    introducing    volume    performance       transferred    compromise    free    social    limitations    currencies    arises    2019    banks    bitcoin    digitalise    finishing    globally    financially    online    services    transactions    market    accounts    industry    architecture    banking    room    segments    apparent    solved    ecosystem    ongoing    engagement    165    alternative    bln    difficult    expand    ledger    clients    instrument    customers    poorest    poor    disruptive    profit    proposition    billion    business    regulatory    billon    sandbox    uk    centralised    worth    payouts    pln    too    400    smartphone    agreements    rejected    specialists    sme    first    digital    unbanked    trials   

Project "BILLON" data sheet

The following table provides information about the project.


Organization address
city: WARSAW
postcode: 00-867
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Poland [PL]
 Project website
 Total cost 2˙800˙000 €
 EC max contribution 1˙960˙000 € (70%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2016-2017
 Funding Scheme SME-2
 Starting year 2017
 Duration (year-month-day) from 2017-08-01   to  2019-11-30


Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 


 Project objective

The number and volume of non-cash transactions has been increasing in the recent years, which makes the technological limitations of the existing IT systems more apparent than ever. The low performance of the centralised IT architecture increases the maintenance cost, that are transferred to customers. The European Commission revealed that growing bank fees are leading to financial exclusion of the poorest citizens. It is estimated that 2.5 million Europeans who applied for the bank account have been rejected for being too poor. The technological issues of centralised IT systems are too difficult to be solved without making a disruptive change in the banking industry. When the regulated services cannot be offered, there is a room for non-regulated products which compromise on financial market security, e.g. cryptocurrencies like bitcoin. Our value proposition is Billon - a distributed ledger technology for creating free current accounts enabling making ultra-low cost payments with real currencies (EUR, GBP, PLN) in a regulated manner. The disruptiveness of Billon arises from:(1) distributed architecture developed on blockchain by our specialists, (2) compliance with the EU regulations upon the agreements with banks and ongoing FCA Regulatory Sandbox in the UK. After introducing the first free current account in a smartphone and finishing pilot trials with our business partners, we apply for the SME Instrument to expand the Billon ecosystem. The proposed project is addressing market segments of mass payouts for corporate customers and social & media online payments for online users. Billon is aiming to disrupt the market of alternative payments, which will be worth $1,400 billion in 2019. Our business model is to make profit on corporate customers, willing to enhance digital engagement of their clients and digitalise business processes. It will enable us to offer ‘lite’ current account for free to unbanked and financially excluded (165 mln in Europe, 2 bln globally).


List of deliverables.
Electronic Money Institution license for Billon Other 2020-03-11 14:44:05
Promotional toolkit Other 2019-08-30 14:50:02

Take a look to the deliverables list in detail:  detailed list of BILLON deliverables.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "BILLON" project.

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

Send me an  email ( and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

The information about "BILLON" are provided by the European Opendata Portal: CORDIS opendata.

More projects from the same programme (H2020-EU.2.1.1.;H2020-EU.2.3.1.)

Starcounter (2017)

In-Memory Computing and Artificial Intelligence Platform for Building Next Generation Enterprise Software

Read More  

scanvid (2017)

ScanVid - One-Click Integrated Access to Product-related Digital Content

Read More  


SME LOYALISER: fostering SME retailers through LOYALty Integrated SERvices

Read More