Source: Cabital
Cabital, a leading digital assets institution, announced that it has added the Swiss franc (CHF) to its growing list of payment methods.
Through its partnership with BCB Group (BCB), the leading global provider of business accounts and trading services for the digital asset economy, Cabital can now enable its users to exchange CHF for crypto assets and vice versa at some of the most competitive rates in the market.
With a simple bank transfer, Cabital customers can easily convert CHF, GBP and EUR into their digital assets. Both local (via Swiss Interbank Clearing) and SWIFT transfers are supported with Cabital.
With a bank transfer, people using CHF will enjoy some of the lowest crypto prices in the industry. This is because Cabital does not have any hidden fees and offers our customers one of the lowest spreads in the market.
Cabital Connect, Cabital’s secure fiat on-ramp and off-ramp gateway, also allows its partners’ users to use CHF to buy and sell crypto - including Bybit, a fast growing cryptocurrency exchange.
Raymond Hsu, Co-Founder & CEO of Cabital said:
“Cabital aims to be the Paypal for Web 3.0, starting in Europe, by shaping the future of fiat and digital payments. In 2021, we made significant progress towards our ambition with the announcement that Cabital integrated with Plaid to make it easy for our users to seamlessly fund their Cabital accounts with fiat currency from over 11,000 financial institutions. In November, we announced that we have partnered with BCB, enabling us to incorporate GBP and EUR to our growing list of payment options.
“Our dedicated teams have also made excellent progress already in 2022, further strengthening Cabital’s position across Europe with the announcement of accepting CHF as a payment method. I am confident that our new capabilities reinforce our competitive strengths across the region. We will remain focused on the delivery of our purpose of taking the crazy out of crypto and execute our strategic priorities to generate long-term sustainable value for all our stakeholders and customers.”
Oliver von Landsberg-Sadie, Founder and CEO of BCB Group, said:
We’re delighted to be working with Cabital, and helping them with payments infrastructure to allow them to add CHF to their offering. We look forward to continuing to help Cabital add more payment methods across Europe and beyond as we further build BCB’s global banking footprint.