The payment landscape has become much richer through PSD2 and Open Banking.
More than 1,500 banks are already connected via the ibanXS platform, which means that millions of consumers in the Netherlands, Germany, Belgium, Spain, Poland, Romania, Greece etc. etc. have access to their bank accounts. The added value for Crypto companies that want to offer transactions is obvious.
So, if you are a Crypto company that wants to have money from a participant credited to their own account, then you can use very expensive payment methods such as Credit Cards, PayPal, iDEAL, Bancontact, Sofort, wire transfers etc. etc.
You can also use an “ibanXS Payment Initiation” !
Apart from the competitive pricing compared to existing payment methods, the advantages are numerous. The three most important ones I have described below:
And last but not least, an extra advantage:
You can easily use the ibanXS Payment Initiation for the ‘To and/or From-payments’ to your own platform.
Either you initiate a payment from the consumer bankaccount, the To-payment, or you initiate a payment from your own bankaccount, the From-payment. The To-payment has as debtor the consumer and as creditor you, the crypto company. The From-payment is of course vice-versa.
ibanXS has her own PSD2-license with the Dutch Central Bank (DNB) passported to all European countries. So, no need for additional licenses for you to use this payment method.
What you do in your own environment, trading of crypto-currencies, is outside of our scope.
We at ibanXS welcome Crypto companies with open arms and are ready to process their transactions. Please email us at Hello for a demo and an appointment.
And even if you are not a Crypto company and want to do transactions, you are of course also very welcome!