Crypto payment infrastructure in Finland
Crypto payment infrastructure in Finland
- Striga
- 4 min read
Searching for an onramp/offramp solution for your crypto exchange? Discover how to develop a robust crypto exchange by integrating onramp and offramp features, custody services, exchange capabilities, and crypto payment options.
Table of Contents
Crypto exchanges, both for consumers and businesses, can be built using Striga. Striga’s APIs allow you to create crypto exchanges without the need to acquire any licenses or comply with regulations on your end, enabling you to focus on building the platform for your users.
You can issue wallets to your users, complete with unique vIBANs and crypto deposit addresses for individual digital assets. Users can deposit and withdraw both fiat and digital currencies into and from these wallets, and buy and sell digital assets just like on any other exchange. Additionally, you can issue crypto-backed VISA cards that are connected to these wallets, allowing your users to spend crypto anywhere.
Creating a wallet to enable crypto payment and exchange
Once an identity passes KYC/KYB verification, you can issue a wallet to that individual. They will then have dedicated crypto deposit addresses for various cryptocurrencies, the ability to manage funds, and dedicated vIBANs for depositing fiat, which can then be traded for cryptocurrencies.
Onramp, Offramp, and payments with crypto
There are several types of transactions possible through the Striga platform:
- Intra-Ledger Transactions: allow the movement of funds between accounts owned by the same type of identity, i.e., between consumers or between corporates.
- Inter-Ledger Transactions: allow the movement of funds between accounts owned by different types of identities, i.e., between consumers and corporates.
- Outgoing Transactions: enable the sending of funds outside of the Striga ecosystem, either using banking or crypto rails.
- Receiving Money is seamless through Striga. Users can receive funds in their IBANs or crypto deposit addresses
Let your end-users exchange crypto natively
Users can swap currencies at market rates from one currency to another. The latest market rates can be fetched using the “rates” endpoint. Striga offers multiple pairs for exchange on the platform.
Issue crypto-backed VISA payment cards
Striga allows you to easily create, manage, and grow a crypto card program. You can issue your own branded, crypto-backed physical and virtual cards. These cards will be linked to a specific cryptocurrency account, and when a transaction is made through the cards, the amount will be deducted directly from the balance in that account. The cards are also fully customizable.
You can set personalized spending limits, swiftly authorize decisions in real-time, restrict specific merchant categories through webhook endpoints, and verify transactions seamlessly via SMS confirmation. All these features and benefits of accounts and cards are accessible via Striga’s APIs.
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