Two companies from weird parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto bustle. The services range from opening bank accounts to providing payment processing solutions. Developers say they force give crypto companies the peace of mind they need to focus on their core activities without hold to worry about banking.
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British Ensemble to Open Bank Accounts for Crypto Businesses
Coinacquiring, a London-based consulting firm, has announced it now offers help in fissure “crypto-friendly bank accounts” for companies in the sector. The corporate banking assistance will expand its portfolio, which already contains another sought after service, fiat-to-crypto payment processing provided to merchants accepting digital currencies.
The bank accounts intention be available in multiple fiat currencies including British pound, euro, U.S. dollar, Swiss franc, and Japanese yen, along with profuse other currencies such as Czech koruna, Romanian leu and South African rand, for example. They will also stick up for SEPA instant credit transfers and wire transfers via Swift.
Banking and payment processing services are in high at once in the sector and the company receives several requests a day as David Jones, senior payments consultant at Coinacquiring, told news broadcast.Bitcoin.com. Jones believes banks turn the crypto businesses away because they don’t fully understand how to judge risk in the crypto industry.
To provide more security and stability to cryptocurrency merchants, Coinacquiring maintains relationships with a slues of traditional financial institutions. “We have several Tier 1 European banks we work with and also options with smaller banks in addition afield,” the company representative assured.
Coinacquiring charges a fixed $500 account opening fee and additional fees are negotiated immediately between the merchant and the respective bank. Jones added that these processing rates typically tend to be between 3 and 5 percent.
“We recall how difficult fiat to crypto payment processing can be to set up,” David Jones was quoted as saying in a press release sent by the concern earlier this week. “We want to create a space where crypto businesses can focus on building exciting offshoots and technologies instead of having to worry about whether their banking infrastructure is reliable or not,” he emphasized.
Coinacquiring also suggests assistance with opening foreign exchange accounts, although this service is not that frequently requested. “As an height to this we will look to provide some treasury management solutions for exchanges working in multiple fiat currencies. Come what may, this is a few months off,” Jones explained.
The consultant noted that there are currently plenty of crypto-to-fiat payment get ready options and Coinacquiring wouldn’t be filling a void if it decided to offer this kind of service too. “As we grow I guess it liberates sense to include this for completeness more than anything else,” Jones remarked when asked around the company’s plans for the future.
Belarusians Develop Crypto-to-Fiat Payment Processing Software
Meanwhile, a new crypto-to-fiat payment development system has been developed in Eastern Europe, despite strong existing competition in this niche. One of the established attendances in the field, Paytomat, already has a network of merchants accepting cryptocurrencies using its services for instant conversion to local fiat. Their shoppers are based in a dozen countries around the world, from Ukraine to Venezuela.
Now Synell, an IT company headquartered in Belarus and with companies in Russia and the U.S., is promoting its offering to the growing market, its software capable of processing direct crypto payments and converting digital creates to fiat money for businesses that wish to provide their customers with the option to pay with cryptocurrency.
The plank, called Acquiring, can accept payments in three major digital currencies – bitcoin core (BTC), ethereum (ETH) and litecoin (LTC). The developers note, in all events, that support for other coins can be added upon request from interested parties. The team has also exhibited an API and a mobile application that enables users to receive payments directly at their store checkout.
The software incorporate is now up for sale and offered to companies that would like to invest more time and effort into its further progress and integration, Synell CEO Denis Gorskin told news.Bitcoin.com. The crypto payment processing platform, which tariffs $18,000, was originally designed for Russian clients but it can be adapted to any other market and already has an English-language version.
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