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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.

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

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.

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

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