Cabital To Facilitate Euro And Cryptocurrency Swaps Through SEPA Intergration
September 22 2021 - 12:00PM
NEWSBTC
Users of Cabital can now change their Euro to cryptocurrency,
thanks to a recent integration by the digital asset institution.
The Single Euro Payments Area facilitates such changes, plus making
cashless payments in EUR through direct debit and credit transfer.
Cabital is a platform where users can sell, buy, or save crypto. It
offers opportunities to earn passive income on savings. Related
Reading | Bitcoin Holders Take Profits As Price Falls,
Indicators Remain Bullish? According to them, you can make
12% APY on cryptocurrency with them. Moreover, there are no hidden
fees, and the institution is secured and registered in the European
Union. SEPA Facilitates Direct investment In Cryptocurrency Assets
By integrating this payment method, Cabital has boosted its
services and automatically increased its patronage. All the 36 SEPA
EU countries can use the service to buy and sell their crypto for
Euro. Users can also change their cryptocurrency holdings to Euros
and vice versa anytime they want. The best part is that the
payments will be safer, faster, and efficient without hidden
charges. Users can make direct debit or credit transfers to even
non-EU countries. The institution disclosed the information
yesterday, September 21, and its CEO Raymond Hsu stated that they
would be rendering full-service to their users. In his statement,
the CEO said the platform will help both EU countries and non-EU
countries to manage and save their crypto without hassles. Hsu also
stated that this move has also given Cabital a competitive edge
over its competitors. The company can pursue expansion across
Europe and secure on-ramps to support its customer’s cryptocurrency
investments. Before this announcement, Cabital had completed a seed
round that generated $4 million. The leaders of the round were GSR,
SIG, and Dragonfly. The firm also had an angel round that generated
$3 million. Now, the valuation of Cabital sits at $40 million.
Cabital And Regulations The firm is regulated by the Republic of
Lithuania laws. They operate under the guidelines of the
“Lithuanian Anti-Money Laundering & Counter-terrorism Financing
Rules.” According to Jonas Narbutas, the Senior Money Laundering
Reporting Officer at Cabital, the firm fully adheres to
cryptocurrency regulations. Crypto-market is back of recovery track
by a 4% rise | Source: Crypto Total Market Cap on TradingView.com
Also, it is contributing towards developing the EU’s crypto
industry and helping people in the region and beyond to achieve
their investment goals safely and easily. Jonas Narbutas is one of
the newly appointed leadership team members at Cabital. He was
earlier working at Western Union and also headed the Luminor Group
anti-financial governance team. Related Reading | Did Turkey’s
President Say “We Are In A War Against Bitcoin”? An Investigation
On its official website, Cabital assures users of being protected
by strong fireblocks against cyber-attacks on users’ assets.
Moreover, the team is experienced in investment both in crypto and
beyond. As a result, users can rely on their expertise to expand
their crypto portfolio with high-yield assets. Featured Image From
Finance Monthly, chart from TradingView.com
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