• Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us
Monday, February 6, 2023
Daw Rimiz
No Result
View All Result
  • Login
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
No Result
View All Result
DawRimiz
No Result
View All Result
Home Services

New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia

Donna Gilbert by Donna Gilbert
September 3, 2022
in Services
0
New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia

Two companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank accounts to providing payment processing solutions. Developers say they will give crypto companies the peace of mind they need to focus on their core activities without having to worry about banking.

British Company to Open Bank Accounts for Crypto Businesses
Coinacquiring, a London-based consulting firm, has announced it now offers help in opening “crypto-friendly bank accounts” for companies in the sector. The corporate banking assistance will expand its portfolio, which already includes another sought after service, fiat-to-crypto payment processing provided to merchants accepting digital currencies.

Article Summary show
READ ALSO
Health Care Administrator Salary
Essay Writing Services Reviewed – Is Any of Them Better Than The Others?

READ ALSO

Health Care Administrator Salary 

Essay Writing Services Reviewed – Is Any of Them Better Than The Others?

New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia 1

The bank accounts will be available in multiple fiat currencies including British pound, euro, U.S. dollar, Swiss franc, and Japanese yen, along with many other currencies such as Czech koruna, Romanian leu and South African rand, for example. They will also support SEPA instant credit transfers and wire transfers via Swift.

Banking and payment processing services are in high demand in the sector and the company receives several requests a day as David Jones, senior payments consultant at Coinacquiring, told news.Bitcoin.com. Jones believes banks turn the crypto businesses away because they don’t fully understand how to evaluate risk in the crypto industry.

New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia

To provide more security and stability to cryptocurrency merchants, Coinacquiring maintains relationships with a number of traditional financial institutions. “We have several Tier 1 European banks we work with and also options with smaller banks further afield,” the company representative assured.

Coinacquiring charges a fixed $500 account opening fee and additional fees are negotiated directly between the merchant and the respective bank. Jones added that these processing rates typically tend to be between 3 and 5 per cent.

“We know 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 company earlier this week. “We want to create a space where crypto businesses can focus on building exciting products and technologies instead of having to worry about whether their banking infrastructure is reliable or not,” he emphasized.

New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia

Coinacquiring also offers assistance with opening foreign exchange accounts, although this service is not that frequently requested. “As an extension to this, we will look to provide some treasury management solutions for exchanges working in multiple fiat currencies. However, this is a few months off,” Jones explained.

The consultant noted that there are currently plenty of crypto-to-fiat payment processing 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 makes sense to include this for completeness more than anything else,” Jones remarked when asked about the company’s plans for the future.

Belarusians Develop Crypto-to-Fiat Payment Processing Software
Meanwhile, a new crypto-to-fiat payment processing system has been developed in Eastern Europe, despite strong existing competition in this niche. One of the established companies in the field, Payton, already has a network of merchants accepting cryptocurrencies using its services for instant conversion to local fiat. Their clients are based in a dozen countries around the world, from Ukraine to Venezuela.

New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia

Now Synell, an IT company headquartered in Belarus and with offices 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 coins to fiat money for businesses that wish to provide their customers with the option to pay with cryptocurrency.

The platform, called Acquiring, can accept payments in three major digital currencies – bitcoin core (BTC), ethereum (ETH) and litecoin (LTC). The developers note, however, that support for other coins can be added upon request from interested parties. The team has also developed an API and a mobile application that enables users to receive payments directly at their store checkout.

The software package is now up for sale and offered to companies that would like to invest more time and effort into its further development and integration, Synell CEO Denis Gorskin told news.Bitcoin.com. The crypto payment processing platform, which costs $18,000, was originally designed for Russian clients but it can be adapted to any other market and already has an English-language version.

Related Posts

Health Care Administrator Salary 
Care Services

Health Care Administrator Salary 

January 16, 2023
Essay Writing Services Reviewed – Is Any of Them Better Than The Others?
Writing Service

Essay Writing Services Reviewed – Is Any of Them Better Than The Others?

January 14, 2023
How to get funding for your transport startup
Transport Service

How to get funding for your transport startup

January 12, 2023
Here’s How to Avoid Paying a Bomb for Your Bike Insurance Policy
Services

Here’s How to Avoid Paying a Bomb for Your Bike Insurance Policy

January 3, 2023
How to Check the Airtel Number?
Online Services

How to Check the Airtel Number?

January 3, 2023
What Should You Consider Before Choosing An Appliance Repair Service?
Services

What Should You Consider Before Choosing An Appliance Repair Service?

January 3, 2023
Next Post
Ola expands services to three new cities in the UK, but not with electric autos

Ola expands services to three new cities in the UK, but not with electric autos

No Result
View All Result

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service

Recent Posts

  • Pandora Bracelets: What You Need to Know About Them
  • Natural Remedies to Get Rid of Armpit Pimples
  • Cloud Computing Services Are Taking Over The World
  • Intz Stock: What Is It
  • What is Meant by Pure Endowment?
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

No Result
View All Result
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In