With the release of a new web app Saifu has become the first financial institution to offer current accounts in both fiat and crypto currencies.
While many people have jumped on the crypto bandwagon, using cryptocurrencies in the real-world economy has been challenging; storage and transactions are complicated, and hacking and other security issues abound. Saifu solves this by making cryptocurrency and fiat currency accounts available in a single app that lets customers exchange and use both in their everyday lives and hold their crypto savings safely in Saifu's secure crypto vault.
Saifu offers a convenient solution to the problem of accessibility in crypto through its 'one-stop-shop' approach: its platform features services provided by a traditional bank checking accounts, money transfers, currency exchanges, and a soon-to-be-released mobile app while also allowing users to exchange money between fiat and cryptocurrencies. Additionally, Saifu offers market-leading, bank-grade security for cryptocurrencies developed in partnership with French cybersecurity expert, Thales. Saifu will also provide its users with MasterCard prepaid cards and card acquiring services.
Saifu began the project back in 2016, before the hype train for cryptocurrencies really got going. Licensed as a payment institution in the Czech Republic, Saifu provides deposit accounts to customers in both fiat and cryptocurrencies that will soon have their own IBAN accounts. Those accounts can be used to easily make exchanges between fiat and crypto currencies in just a few clicks. Customers get the best exchange rates on the market, because Saifu sources from a number of major exchanges.
Since Saifu is a payment institution, all accounts can be used to make transfers easily. For fiat accounts, those transfers come in the form of SWIFT and SEPA network transactions. For cryptocurrencies, all customers need is a public wallet address or a QR codes to send to an outside wallet. Soon, Saifu will also be offering prepaid Mastercards for its customers to use anywhere, adding even more convenience.
Another key advantage for customers is Saifu's bank-grade security, which it developed in partnership with French banking cybersecurity expert Thales. The storage solution goes beyond hot and cold storage solutions and means that Saifu can even be hacked, and its customers' cryptocurrencies are still safe. At the core of the security system is a Thales hardware device, with a dual, malware-protected access card system. Customers keys are born in the hardware and never leave it, which means that you can rest assured your crypto is safe with Saifu.