CoinAcquiring today announced the addition of cryptocurrency friendly bank accounts to its growing portfolio of essential financial services it can offer to crypto industry businesses and merchants.
The London-based firm is an innovative company specialising in providing crypto merchants with crypto friendly payment processing , and more recently corporate banking and other financial services too. CoinAcquiring is now able to assist businesses with account opening at banks which are friendly to the crypto industry. The corporate bank accounts available include features such as:
○ Multi-currency accounts in GBP, EUR, USD, AUD, CAD, CHF, CZK, DKK, HKD, JPY, NOK, PLN, RON, SEK, ZAR
○ SEPA instant credit transfers
○ Virtual IBANs
○ 0% foreign exchange
○ Wire transfer by SWIFT
○ Physical and virtual debit cards for spending
○ Visa & MasterCard merchant acquiring facilities
This exciting new service is worth noting due to the difficulty that crypto merchants face with finding any sort of banking or payment processing services. “Banking is notoriously difficult for crypto businesses ” said David Jones, Senior Payments Consultant at CoinAcquiring.
“Banks still don’t fully understand how to evaluate risk in the crypto industry, and instead just turn the business away and close accounts. These core banking & payment services are vital for any crypto business to operate and CoinAcquiring is excited to offer a service which takes the headache out of account opening and makes the process easy and straightforward.”
Using CoinAcquiring services also adds a layer of security and longevity to the merchant and bank accounts opened owing to its strong relationships with the banks. If CoinAcquiring is involved in the process, it means that banks are more likely to consider a company, and not simply turn the business away.
Backed by a number of cryptocurrency and financial services veterans, CoinAcquiring is a stepping stone for cryptocurrency merchants to successfully enter the industry in the most hassle-free way possible.
“Offering crypto friendly corporate bank accounts to our services is a huge milestone for both us and the crypto industry.” said Jones. “We are very excited to be the channel through which crypto merchants can gain access to fiat based payment processing and banking services without any issues. We know how difficult fiat to crypto payment processing can be to set up, and 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.”