Currency.com has partnered with OpenPayd, a financial infrastructure provider, to enhance its multi-currency payment and FX
liquidity capabilities. The collaboration will extend Currency.com’s reach
across the EU and other regions, giving clients access to faster and broader
payment options.
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Integration Expands Currency Options and Payment
Access
Through OpenPayd’s regulated infrastructure,
Currency.com will reportedly enable transactions in 30 additional currencies
and support new payment rails, including SEPA, SEPA Instant, and Faster
Payments. The upgrade will allow near-instant deposits, withdrawals, and
automated settlement with liquidity providers within OpenPayd’s network.
“I am confident that the immediate capabilities of
OpenPayd will unlock new strategic functionalities for the customers of
Currency.com, commented Konstantin Anissimov, the Global CEO of Currency.com. “Meanwhile,
the continued technological advancements of Currency.com and OpenPayd will go
hand in hand to ensure best-in-class services are offered to our user bases.
Currency.com stated that the integration is part of a broader strategy to enhance its global liquidity operations. The company plans
to roll out additional corridors and currencies in the coming months to expand
its international coverage.
The partnership will also streamline client access to
multi-currency services, allowing deposits and withdrawals across fiat and
digital assets. This expansion aims to increase flexibility for users managing
funds across different regions.
Building the Next Generation of Digital Finance
Lux Thiagarajah, Chief Commercial Officer at OpenPayd, added that Currency.com’s integration of its infrastructure represents a step toward
more efficient digital finance.
“Currency.com is building the next generation of
digital finance – creating an offering that is global, intelligent, and
adaptable. By integrating OpenPayd’s universal financial infrastructure, they
can move and manage money seamlessly across borders, with instant settlement,
deep liquidity, and complete regulatory confidence.”
Read more: Currency.com Eyes Institutional Market with Investment From N7 Capital
OpenPayd’s infrastructure supports embedded finance,
FX, and cross-border payments for major clients, including Kraken, OKX, eToro,
and B2C2. The company reportedly processes more than €130 billion annually for over 800
businesses worldwide.
Currency.com operates in over 100 countries and continues to expand its payment and trading services across key global markets. The
firm stated that leveraging OpenPayd’s infrastructure will enhance its operational efficiency and help meet the demand for faster, more reliable global transactions.
GCEX Partners with OpenPayd
Last month, GC Exchange FZE and GC Exchange A/S, both part of the GCEX Group, also collaborated with the financial infrastructure provider to strengthen their fiat banking
capabilities.
The collaboration aims to give GCEX’s European clients
access to EUR and GBP transactions, while clients in the UAE will gain access
to USD payment services.
GCEX said the integration of OpenPayd’s infrastructure
will enable institutional and professional clients—including brokers, hedge
funds, and asset managers—to benefit from faster and more efficient
cross-border payments.
This article was written by Jared Kirui at www.financemagnates.com.
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