🪙Importance of integrating crypto and fiat currencies

Cryptocurrencies can no longer be ignored in the financial market. On the contrary, with the introduction of the Bitcoin ETF, cryptocurrencies are gaining more and more attention. Therefore, it only makes sense to seamlessly integrate cryptocurrencies into an innovative financial app.

The barrier of transferring money to an exchange and the complexity of trading cryptocurrency or creating a wallet for it keeps many from using cryptocurrencies on a daily basis.

Numerous attempts have already been made to combine IBAN and crypto functions, but these mostly fail due to the lack of partners who will permit the implementation of crypto functions in combination with an IBAN account.

Even VISA or Mastercard have now reached the point of allowing the use of debit cards with Fiat or cryptocurrencies. Over the past few years, we have focused on finding out the requirements that an EMI partner sets for an app with cryptocurrencies and how to establish a connection.

The perfect solution has not yet been found, as the partners are still acting independently of each other, but are willing to cooperate. Therefore, for regulatory reasons, it may be necessary to complete two KYC (Know Your Customer) processes for the IBAN functions and the crypto integration.

Here, we aim to find a solution where both partners use the same provider for KYC, thus allowing the data to be shared with the user's consent.

We are doing everything we can to make the use of FIAT currencies, a credit card with the functions of cryptocurrencies, as easy as possibleWe are doing everything we can to make the use of FIAT currencies, a credit card with the functions of cryptocurrencies, as easy as possible.