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Fintech payment solutions are evolving to accommodate the growing demand for crypto payment options and use cases. As cryptocurrencies gain momentum, businesses seek seamless crypto payment solutions without the hassle of managing multiple partnerships, regulatory compliance, or high fees.
Traditional payment solutions and banking systems often need help to integrate crypto capabilities, leaving fintech companies with the challenge of finding innovative ways to manage both fiat and crypto payments effectively.
Financial services providers, like Striga, offer fintech payment solutions composed of three core modules: crypto, fiat, and compliance – all under one roof.
Fintechs can now develop their applications and provide their users with self-branded crypto debit cards featuring dedicated vIBAN accounts, seamlessly connecting them to crypto wallets for smooth onramp and offramp processes, without the burden of licensing and compliance complexities.
Simplifying Global Payments With vIBANs
Similar to a traditional IBAN, virtual IBANs offer businesses dedicated accounts to manage payments. The key difference, however, is that vIBANs operate digitally, making it easier for businesses to handle multi-currency transactions from a single, centralized interface.
This allows businesses to send, receive, and convert payments across borders without needing to manage multiple banks or crypto wallets. By integrating both fiat and crypto into one account, businesses can simplify and streamline their financial operations more efficiently.
The vIBAN process is straightforward. Businesses need financial service providers with the infrastructure, banking partnerships, and compliance frameworks in place, allowing them to opt for a white-label solution that integrates fiat and crypto payment capabilities with multi-currency support.
Crypto Spending Made Practical and Easy With Debit Cards
Cryptocurrencies are designed to be spent, but crypto payments can be challenging for everyday transactions. Pre-funding the account each time a user wants to pay with cryptocurrency can be cumbersome.
To solve this, Striga’s crypto debit cards are linked to the user’s crypto wallet, enabling automatic crypto-to-fiat conversion. This allows customers to make direct payments at any point of sale (PoS), making crypto spending both practical and easy.
The multi-currency crypto cards make cross-border payments convenient, without excessive fees or payment delays. Users can pay in the currency of their choice when traveling internationally and even earn crypto rewards with each transaction.
The white-label banking solution simplifies card issuing. Businesses can apply their own branding, including logos and colors, and manage card functionalities directly from the dashboard. Additionally, they can create customized and branded debit cards in just four steps:
- Design the card according to company guidelines, and Striga handles the printing and distribution.
- Integrate via the card-issuing API using the provided documentation, and test in the public sandbox.
- Manage card program operations through the dashboard, where user transactions, payments, and card lifecycles can be tracked.
- Once tested, the cards are ready for launch.
This solution eliminates the need to build everything from scratch, and with comprehensive APIs, businesses can avoid the cost of building in-house technology and compliance teams, launching within six weeks.
Seamless and Intuitive Crypto-to-Fiat Conversions
A key feature of any crypto onramp and offramp platform is the ability to provide a seamless payment gateway that offers a user-friendly experience. When converting crypto to fiat, users primarily seek the following:
- A user-friendly interface with clear instructions and minimal steps to convert crypto.
- The ability to buy and sell crypto quickly with minimal obstructions;
- A transparent and competitive fee structure.
Building a crypto exchange platform is complex and resource-intensive, but integrating Striga’s API simplifies the process. Working with multiple intermediaries and partners typically adds fees and complicates the process.
Striga’s crypto-to-fiat API enables businesses to offer their end users an intuitive platform. From e-commerce to fintech, businesses can now accept payments and provide users with a flexible payment option, without building everything from scratch, simply by partnering with crypto payment solution companies. Additionally, businesses can set up recurring payments with crypto, eliminating concerns about crypto volatility.
A fully integrated crypto-fiat exchange gateway simplifies depositing, purchasing, or withdrawing funds. An all-in-one solution provides all essential functions in one platform, reducing drop-offs and improving conversion rates for businesses.
Fintech Payment Solutions Made Easier With Striga
Crypto banking provides an all-in-one solution for crypto-related services. By partnering with financial service providers, businesses can expand their crypto capabilities and bridge the gap between fiat and digital assets, making these transactions practical, convenient, and secure.
With solutions such as crypto cards, exchange wallets, vIBANs, and crypto onramp and fiat offramp, businesses can manage transactions from a single platform, eliminating the need to handle multiple systems.
Striga Crypto-native Banking as a Service:
Your path to building and launching financial products
Join the financial businesses that use Striga’s cloud platform to delight their customers and launch their own products without the complexities that come when dealing with core banking solutions’ relationships, licensing, compliance and payments methods.
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