Cryptocurrencies have become more instantaneous with fiat-to-crypto exchanges now possible.
Nimiq Oasis allows these exchanges using SEPA transfers from all European banks with instant transactions, along with Germany’s TEN31 Bank.
According to a press release detailing the launch, it is “designed to provide users with a secure and decentralized experience, and Nimiq has made Oasis the perfect non-custodial bridge between fiat and cryptocurrencies.”
Launched in 2017, Nimiq was designed to improve the usability and accessibility of blockchain. Philipp von Styp-Rekowsky, technical leader and co-founder of Nimiq, discussed their ambitions.
“We started the Nimiq project to make cryptocurrencies accessible and safe for everyone,” he said. It was clear to us that there could be no mass market without technology to easily buy, sell and exchange new cryptocurrencies. Now, with Nimiq Oasis, we have finally overcome these barriers.”
Matthias von Hauff, CEO of TEN31 Bank, echoed this enthusiasm. He said, “OASIS is a revolution in cryptocurrency trading. “This project brings us much closer to our goal of making cryptocurrency trading easy and delivering real added value to everyone involved.”
One of the main advantages of this development is the ability to exchange cryptocurrencies for fiat without the need to install or register any software. However, Nimiq Oasis charges a 1.25% fee per transaction and is currently only available to Nimiq Wallet users in Europe.