Moneycorp, a world-leading payments fintech, today announces the launch of its Foreign Exchange Liquidity Management solution for the Digital Asset Exchanges (DAXs) providers.
With the global cryptocurrency market size expected to grow at a CAGR of 12.8% by 2030, the new solution is aimed at providing operational excellence, agility, and business growth to DAXs providers. Through our suite of APIs, these exchanges can now access our FX liquidity powered by 16 different providers 24/5, enabling them to execute payments anywhere in the world faster and more efficiently than ever before.
“The crypto and blockchain community is one that Moneycorp has paid close attention to for many years. We have looked at how our business can help the community manage FX transactions, just as they are accustomed to in a ‘traditional’ bank environment,” expressed Tejus Oza, CEO, Moneycorp North America. “Our announcement today is considerable to the community because our APIs enable them to integrate complex systems and data, while automating and accessing FX rates across any system or workflow. The result is empowered DAXs providers, who can now settle funds faster and seamlessly, while our API does all the work in the backend to give them the best settlement experience.”