Chainwire, Paris, France, November 25, 2024
The acquisition is intended to strengthen Request Finance’s regulatory compliance and expand its global multi-currency payment options for businesses. Customers can now pay third parties, pay bills, and pay employees with one-click on/off ramp functionality.
Request Finance, a prominent platform for cryptocurrency and fiat financial operations, announced the acquisition of Pay.so Lithuania, a European regulated virtual asset service provider (VASP). This acquisition enables Request Finance to offer a fully compliant, one-click on- and off-ramp payment solution that bridges cryptocurrency and fiat for businesses of all sizes.
Request Finance’s mission is to foster cryptocurrency adoption among compliant businesses. The all-in-one financial platform for cryptocurrency and fiat operations already offers accounts payable, accounts receivable, accounting and direct payments capabilities in over 190 countries. Requests now provide a multi-recipient on/off ramp.Strengthens our position as a comprehensive solution for the financial operations of businesses of all sizes.
Request Finance already supports over 350 cryptocurrencies on over 20 blockchains.
As a European regulated virtual asset service provider (VASP), Pay.so Lithuania operates under one of the strongest regulatory frameworks for companies providing services for digital assets. Pay.so grew 10x in just 9 months.It has established itself as a valuable resource for major companies exploring digital currencies. With one of the widest currency ranges on the market, Pay.so has been offering Request Finance’s customers fiat payments for several months in a variety of currencies including USD, EUR, GBP, AUD, CHF, SGD, NZD and THB. , HKD, IDR, CAD, INR, AED, KRW, JPY, MYR and PHP.
By acquiring a trusted long-term partner, Request Finance now supports the most seamless Fiat2Crypto onramp and Crypto2Fiat offramp for cross-border payments between $100 and $100,000,000.
This acquisition provides customers with a unique and powerful on/off ramp. Simply with one click. Clients can now create off-ramps and on-ramps with third parties. This applies to direct payments, multi-recipient bill payments, and employee payments. All in a one-click on/off ramp experience.
“The acquisition of this regulated Lithuanian company puts Request in a prime position to double down on fiat payments and expand our lead as the best cryptocurrency accounting and payments solution,” said Chris Butcher, CEO of Pay.So US. said.
“Request inherits a unique platform that processes millions of dollars in volume every day on local payment rails around the world while maintaining full compliance,” added Cameron Butcher, CTO of Pay.so US.
Valentin Faye, Head of Legal and Compliance, added: “Acquiring VASP and pursuing MiCA compliance is not just a strategic move. This is essential to building trust and achieving long-term growth in the digital financial environment. By complying with this regulatory framework, we ensure that our operations meet the highest standards of security and transparency and that our customers can trade confidently across borders with full compliance. This allows us to support large scale enterprises adopting digital currencies. “We also offer our users the first of many regulated services, allowing them to manage all their operations through our platform.”
Christophe Lassuyt, CEO of Request Finance, said: “This is a game-changer for Request Finance, supporting a wide range of hybrid businesses from those looking to monetize digital currencies. Without touching cryptocurrencyFor those running compliant finance that don’t have cryptocurrencies on their balance sheets. without a bank account“.
Here’s what our users have to say about the new features in Request Finance:
Diego Casanova, Senior Financial Operations Analyst at Decentraland Foundation, said: “We have been using Request Finance since 2022 to streamline cryptocurrency payments through a centralized platform. One of the most valuable features for us has been the bulk payment option. A few months ago we launched an off-ramp service within the platform. “We have introduced new features to enable seamless fiat payments using cryptocurrencies. Our finance team is always attentive to our needs and inquiries.”
Daniel Lustig, Head of Operations and BI at Ocean Protocol, added: “Ever since the Request team introduced cryptocurrency to fiat payments, our workflow has been incredibly streamlined. The new solution allows us to seamlessly process both cryptocurrency and fiat transactions. Complex transitions “It’s been a game-changer for our team, allowing us to focus more on our core business without worrying about tracking payments, and not to mention our auditors love it.”
Krisztin Lipárdi, COO of Galaxis.xyz, wanted to highlight the payments revolution underway. “Request Finance has completely transformed the way we process payments at Galaxis. Previously, we had to use multiple platforms and separate cryptocurrency and fiat payments. We can process all of our invoices in one place and move from crypto to fiat. The ability to convert between currencies makes our multi-currency options perfect for our customers around the world and we wouldn’t want to go back for anything else.”
To learn how Request Finance’s new on/off ramp solutions can transform your business’ payment processes, users can visit https://request.finance.
Financial Request Information:
Request Finance provides a robust and compliant financial platform that connects cryptocurrency operations with fiat operations, supporting over 350 cryptocurrencies on over 20 blockchains. With features such as accounts payable, accounts receivable, direct payments, and more, Request Finance helps businesses manage their financial operations efficiently and securely, driving mainstream adoption of digital currencies.
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