UK-based CoinAcquiring announced last week the launch of its new crypto friendly bank accounts. Founded in 2018, CoinAcquiring describes itself as a financial services consultancy dedicated to supporting businesses in the crypto industry.
“Offering consulting advice and account opening for services including online payment processing, payment gateways, merchant acquiring, foreign exchange, cross border payments, business banking and more. If you’re looking for crypto-friendly banking partners, CoinAcquiring is here to help.”
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, 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
While sharing more details about the accounts, David Jones, Senior Payments Consultant at CoinAcquiring, stated:
“Banking is notoriously difficult for crypto businesses. 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.”
Joens went on to add:
“Offering crypto friendly corporate bank accounts to our services is a huge milestone for both us and the crypto industry. We are very excited to be the channel through which crypto merchants can gain access to fiat based payment processing and banking services without any issues. We know how difficult fiat to crypto payment processing can be to set up, and we want to create a space where crypto businesses can focus on building exciting products and technologies instead of having to worry about whether their banking infrastructure is reliable or not.”
