Paysend has become one of the first residents of a regional hub for financial technology.
The payments disruptor presented their new Global Account at the Astana International Finance Centre (AIFC) in Kazakhstan last week during the Astana Finance Days forum.
Presenting the solution Ronald Millar, CEO of Paysend, said: “We are very happy to present this new product and announce its upcoming launch.
“It is very much in line with the expectations of modern consumers, who want to buy and exchange dollars, euros and pounds and easily convert them to crypto currencies within one app. With our smart card you can pay for goods and services in any country and withdraw cash from millions of ATMs worldwide.”
The Global Account, which is a smart card linked to a mobile wallet, allows people to buy, hold and move traditional and crypto currencies from the convenience of one account.
Kairat Kalimbetov, Astana International Financial Centre Governor said: “We are excited to invite Paysend to become an AIFC resident and launch a trial of cryptocurrency features within our regulated sandbox framework. Without a doubt we consider this product to be a huge step in the development of the global FinTech industry. AIFC will always promote and support the development of regional and global financial innovations.”
PaySend founder Abdul Abdulkerimov added: “We are very pleased to make this announcement in Astana, which is famous for pioneering new technologies. This product offers unrivalled convenience and very tangible benefits for our customers. It’s high time to remove the borders between traditional and crypto currencies and make it work for ordinary people.”