Handle your users’ fiat deposits and withdrawals from one BCB payment account, settle the fiat leg of trades with liquidity providers over BLINC, and move between crypto and fiat in a single operation.
Users deposit into your BCB payment account and withdraw back to their bank when they sell – with every deposit matched to the right customer.
Settle the fiat leg of trades with your liquidity providers over BLINC – in real time, 24/7/365.
Convert between crypto and fiat at competitive pricing, in a single operation.
Retail exchanges handle a constant two-way flow of fiat: users depositing to buy crypto, and withdrawing to their bank when they sell. Every deposit has to be matched to the right customer, and every withdrawal paid out promptly.
Your users deposit into your BCB payment account over local rails such as SEPA Instant and Faster Payments, or via SWIFT – and withdrawals go back out the same way, from the same account, via the Client Console or API. Give each customer their own virtual IBAN and every incoming payment identifies itself.
When your exchange buys or sells crypto with a liquidity provider, the crypto moves on-chain – but the fiat leg still has to settle. Traditional payment rails are constrained by operating hours, transaction limits and settlement delays.
With you and your liquidity providers on BLINC, the fiat leg moves between BCB accounts in real time, 24/7/365 – with no transaction limits and no fee between members.
A globally regulated crypto exchange found it had limited options to send and receive both crypto and fiat.
Combining our client console, markets platform and API into one solution streamlined the entire process into a single operation.
At the core of the solution was our payment account combined with our trading solution, which enables a company to convert crypto and fiat currencies at competitive pricing, and hold balances in over 30 fiat currencies.
Working with BCB Group has enabled BlockFills to deliver streamlined payment solutions to our clients, speeding up transactions as well as on and off-ramping between crypto and fiat.
We have also increased our own operational efficiencies through multiple currency accounts and virtual IBANs.
To find out how BCB’s products can create a seamless on/off ramp speak to your BCB customer service representative or contact us today.