Bitfinex in collaboration with fiat on-ramp services provider, a state-of-the-art digital token trading platform. OpenPayd allows real-time Single Euro Payments Area payment (SEPA), payments for euro-denominated deposits or withdrawals.
Bitfinex customers have additional options to deposit euros on the platform with SEPA payments. Customers will now be able to pay in and out almost immediately through this new collaboration.
“We chose to work with OpenPayd because of its ability to help us access SEPA real-time payment rails and the speed of integration its API enables,” said Paolo Ardoino, CTO at Bitfinex. “This collaboration forms part of our continued efforts to provide a premium customer service experience to our growing user base.”
“The vision of embedded finance is to create a world where anyone building disruptive financial products can simply plug-and-play a fully-functional payments platform and access all the benefits that come with them and this is exactly what we’ve enabled for Bitfinex,” OpenPayd CEO Iana Dimitrova.
“We’re thrilled to be helping one of the world’s largest digital token exchanges to bridge the gap between fiat and crypto. It’s critical that Bitfinex and its customers have access to real-time payment rails and benefit from both improved customer experience and improve their potential to scale.”
OpenPayd allows businesses to automate critical back-end functions like reconciliation and has allowed them to scale their operations across Europe.