Banking Services for Crypto Business Owners

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CoinAcquiring has announced the addition of crypto-friendly bank accounts to its portfolio of essential financial services it can offer to crypto industry businesses and merchants.

The London-based firm specializes in providing crypto merchants with fiat-to-crypto payment processing and, more recently, corporate banking and other financial services. CoinAcquiring is now able to assist businesses with account opening at banks which are friendly to the crypto industry. The corporate bank accounts available include features such as:

  • Multi-currency accounts in GBP, EUR, USD, AUD, CAD, CHF, CZK, DKK, HKD, JPY, NOK, PLN, RON, SEK, and ZAR
  • SEPA instant credit transfers
  • Virtual IBANs
  • 0% foreign exchange
  • Wire transfer by SWIFT
  • Physical and virtual debit cards for spending
  • Visa & MasterCard merchant acquiring facilities

This exciting new service is worth noting due to the difficulty that crypto merchants face with finding any sort of banking or payment processing services. “Banking is notoriously difficult for crypto businesses” said David Jones, Senior Payments Consultant at CoinAcquiring. “Banks still don’t fully understand how to evaluate risk in the crypto industry, and instead just turn the business away and close accounts. These core banking & payment services are vital for any crypto business to operate and CoinAcquiring is excited to offer a service which takes the headache out of account opening and makes the process easy and straightforward.”

CoinAcquiring services also add a layer of security and longevity to the merchant and bank accounts opened owing to its established relationships with the banks.

Backed by a number of cryptocurrency and financial services veterans, CoinAcquiring is a stepping stone for cryptocurrency merchants to successfully enter the industry in the most hassle-free way possible.

Source: Blockchain Wire