Paybis, a leading global cryptocurrency instant exchange, today announced a strategic partnership with Zero Hash for US expansion
Paybis, the UK-based cryptocurrency platform that allows users to buy and sell cryptocurrencies with credit cards & several other payment methods, today announced a strategic partnership with Zero Hash, the API driven financial institution providing the regulatory and technology rails for the digital asset ecosystem. Through the partnership, Paybis is expanding its offering to clients in the United States.
Read More: Wolters Kluwer Lien Solutions Wins Three One Planet Awards
“We are pleased that Paybis is now leveraging the Zero Hash compliance and technology building blocks to service US customers,” said Edward Woodford, CEO. “Zero Hash empowers the innovators building Finance 2.0 by settling transactions with complete customization in a regulated ecosystem.”
Paybis aims to bridge the gap between the fiat and crypto worlds. Paybis’ goal is to facilitate global crypto adoption by offering its customers a quick and hassle-free way to purchase bitcoin and other cryptocurrencies in as many countries as possible. By building cutting edge technology and focusing on understanding customer needs, Paybis has grown more than 10x in the last 3 years with over 700,000 users globally.
“Our cooperation with Zero Hash allowed us to expand our service offering to unprecedented 48 states in the United States with the same quality and speed of service that Paybis customers around the world are accustomed to,” noted Innokenty Isers, Paybis CEO. “We are especially pleased since almost 50% of our customers are located in the US.”
Read More: NCR Named A Top Financial Technology Provider In The 2020 IDC FinTech Rankings
Similar to how “Banking as a Service” enabled FinTechs to focus on building products, Zero Hash provides the infrastructure to clear and settle digital assets in a completely automated and regulated way. Key features include:
- Identity: Verify users’ identities, with KYC/AML requirements under the BSA.
- Balance: Verify real-time account balances and deposits across all assets, with ownership validation.
- Lock: Lock and unlock the withdrawals of assets in real time for committed and exited transactions.
- Transfer: Transfer the ownership of assets with Zero Hash providing the regulatory framework to serve 99%+ of the US population. All transfers can be automated with a full screening of assets to ensure compliance and peace of mind.
- Transactions: Access detailed transaction history with real time transaction updates across 1000+ transaction pairs.
Read More: Figure Applies for National Bank Charter From the OCC
