OpenPayd unveils banking and payments solution for cryptocurrency businesses

OpenPayd, the API-led Banking-as-a-Service provider, has unveiled its banking and payments solution for cryptocurrency businesses.

The proposition provides access to a range of banking and payments networks at a time when cryptocurrency exchanges have been experiencing their highest trading volumes.

“Digital currency businesses are seeing exponential growth in demand. The problem is, a lack of familiarity and understanding of the sector means crypto businesses are often underserved and lacking access to fundamental banking and payments services,” said Digby Try, Head of Global Sales at OpenPayd.

From a single API, OpenPayd’s Banking-as-a-Service platform provides crypto businesses with access to crypto-friendly banking such as multi-currency payment accounts (supporting 25+ currencies), the option of linking virtual IBANs, enable crypto businesses to extend their value chain and provide collection, conversion and settlement services to customers.

Customers can also purchase digital currencies instantly and securely using their preferred debit and credit card or bank wire transfer, and exchange to and from fiat and cryptocurrencies.