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An ever evolving industry, crypto still has a long way to go before becoming mainstream and a go-to payments option. In a fiat-centered world, making crypto compatible for financial institutions will be a massive challenge – and ensuring it’s compliant and regulated is an even bigger challenge. But not necessarily an impossible one.
The problem with the current crypto scene is if your product needs to be connected with the traditional financial sector, you’ve no choice but to manage the ridiculous fee structures that come with the compliance overhead. So, to build your crypto product that’s substantially better than the current traditional payments system means introducing innovation in an industry that’s practically remained stagnant for decades.
And what better way to blend other than creating an ecosystem of crypto onramp, fiat offramp, and crypto cards?
Connecting the real-world through crypto payment cards
An obvious solution to close the gap between the crypto ecosystem and real world, crypto payment cards allow users to spend their digital assets the same way they would using their bank cards. Not only that, but to also use the crypto rewards card for points, encouraging user retention and increased revenue for businesses.
With card networks like Visa and Mastercard shifting their conservative attitude to a more crypto-friendly one, it’s safe to say crypto cards are here to stay.
How card provider Striga blends crypto with traditional finance
Striga’s crypto payment card system allow end users to pay directly from an account linked to their crypto exchange wallets. When making a purchase, the digital currencies convert to EUR, so users don’t need to plan ahead and convert each time they make a transaction.
For example, David gets his salary in his bank account but moves a certain amount to his crypto wallet to pay for groceries and other expenses. By simply swiping the card at his local store, the app converts his cryptocurrencies to Euros instantly.
The hassles of launching a crypto card program
One challenging aspect about the finance sector is managing the bureaucracy and multiple partnerships required to launch and run a functional card program. So instead of focusing on customer experience and retention, business owners have to spend hours handling multiple partnerships with different providers.
Additionally, companies also need to manage responsibilities such as, scheme reporting, fraud monitoring, treasury management, compliance obligations, and unplanned downtime.
A card provider service that does all the groundwork for you
So instead of managing multiple partnerships and integrations, you work with just one card provider and launch your card program in a matter of weeks. The all-in-one solution helps save resources, allowing you to scale your business and provide a better customer experience.
As a crypto-compliant card provider, Striga’s partnerships with issuing banks and central card networks means you can deploy personalized crypto cards for your users in a few clicks.
On top of that, being a VASP-licensed company means Striga’s KYC protocol is perfectly positioned to help you quickly onboard customer identities for seamless onboarding. A dedicated admin tool lets you manage your customers’ cards lifecycle – providing you full control over your business. And as you expand your core business model’s use cases, the card issuance platform APIs help you design your card solution and personalize it to your users’ needs.
Launch your crypto payment card with Striga in just 4 simple steps
- Design your self-branded cards and once ready, we send it off for production,
- Plugin and let Striga’s APIs and documentation do all the work,
- Manage your card program from the web-based application and create your own operational processes,
- Once tested, you’re all set to launch your fully branded cards program.
Striga Crypto-native Banking as a Service: Design, issue, and manage your embedded crypto cards under one single platform
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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